How to become a realtor in Oklahoma, OK
Learn how to become a licensed realtor in Oklahoma with our comprehensive guide. Get step-by-step instructions and valuable resources to help you succeed in the real estate industry. Start your journey today!?
To become a realtor in Oklahoma, OK, follow these steps:
1. Meet the eligibility requirements: You must be at least 18 years old, have a high school diploma or equivalent, and be a legal resident of the United States.
2. Complete the required pre-licensing education: You must complete 90 hours of pre-licensing education from an approved provider. This education covers topics such as real estate principles, contracts, and property management.
3. Pass the Oklahoma real estate exam: After completing the pre-licensing education, you must pass the Oklahoma real estate exam. The exam consists of 130 multiple-choice questions and you must score at least 75% to pass.
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Apply for your real estate license: Once you pass the exam, you can apply for your real estate license through the Oklahoma Real Estate Commission. You will need to provide proof of your pre-licensing education and pass a background check.
5. Join a brokerage: To practice real estate in Oklahoma, you must work under a licensed broker. You can choose to work for an established brokerage or start your own.
6. Complete continuing education: To maintain your real estate license in Oklahoma, you must complete 21 hours of continuing education every three years.
7. Join the National Association of Realtors: While not required, joining the National Association of Realtors can provide you with additional resources and networking opportunities.
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Key skills and competencies
To become a realtor in Oklahoma, OK, the following competencies are required:
1. Education: You must complete 90 hours of pre-licensing education from an approved real estate school.
2. Exam: You must pass the Oklahoma Real Estate Salesperson Exam.
3. Background check: You must undergo a criminal background check.
4. License application: You must submit a completed license application to the Oklahoma Real Estate Commission.
5. Continuing education: You must complete 21 hours of continuing education every three years to maintain your license.
6. Knowledge of real estate laws and regulations: You must have a thorough understanding of Oklahoma real estate laws and regulations.
7. Communication skills: You must have excellent communication skills to effectively communicate with clients, other realtors, and industry professionals.
8. Marketing skills: You must have strong marketing skills to promote your services and properties.
9. Negotiation skills: You must have strong negotiation skills to help clients get the best deal possible.
10. Technology skills: You must be proficient in using technology to manage listings, communicate with clients, and conduct research.
Local salary expectations or estimates
According to data from the Bureau of Labor Statistics, the average annual salary for a real estate agent in Oklahoma is $54,860. However, this can vary depending on factors such as experience, location, and the number of transactions completed. Some realtors may earn significantly more than this average, while others may earn less. Additionally, realtors typically work on a commission basis, meaning their income is directly tied to the number and value of properties they sell.