Oklahoma Salesperson License Requirements
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Questions and Answers

What is the process for a licensee to request inactive status?

  • Pay all continuing fees
  • Submit a written request with sufficient reason (correct)
  • Renew the license every 36 months
  • Complete a national criminal history check

    • What happens to the license of a person under suspension or revocation?

  • The licensee is exempt from continuing education requirements
  • The licensee can operate as a real estate broker
  • The licensee may not perform any real estate related services (correct)
  • The license is automatically renewed

    • When does the expiration date of a license occur?

  • At the end of the twelfth or thirty-sixth month, whichever is applicable (correct)
  • At the end of the tenth year
  • At the end of the first year
  • After 24 months

    • What is the minimum passing score required in the broker's exam in Oklahoma?

    <p>75%</p> Signup and view all the answers

    What is NOT a requirement for obtaining a Broker Associate license in Oklahoma?

    <p>Participation in 10 real estate transactions within the past 5 years</p> Signup and view all the answers

    Which of the following states can reciprocate real estate licenses with Oklahoma?

    <p>North Dakota</p> Signup and view all the answers

    What is a requirement for obtaining a Broker license in Oklahoma?

    <p>Successful completion of salesperson pre-license process</p> Signup and view all the answers

    How often must a provisional sales associate renew their license in Oklahoma?

    <p>Every 12 months</p> Signup and view all the answers

    Who is NOT eligible for reciprocity of their real estate license with Oklahoma?

    <p>A licensee who has been licensed for 5 years in another jurisdiction</p> Signup and view all the answers

    What type of licensee is required to complete a 90-hour advanced real estate instruction course approved by the Commission?

    <p>Broker Associate</p> Signup and view all the answers

    What must an out-of-state broker unlicensed in Oklahoma do to transact business within Oklahoma?

    <p>Enter into a cooperating agreement with an Oklahoma licensed broker</p> Signup and view all the answers

    What happens if a licensee fails to comply with the Commission's rules and requirements in Oklahoma?

    <p>Commission may place licensee on inactive status</p> Signup and view all the answers

    What type of education is valid for 3 years in Oklahoma?

    <p>Broker pre-license 90 hour course education</p> Signup and view all the answers

    What is one of the requirements to obtain a Salesperson License in Oklahoma?

    <p>Completing 45 hours of post-license education before the provisional license expires</p> Signup and view all the answers

    What is a requirement to become a licensed real estate broker in Oklahoma?

    <p>Completion of a 90-hour advanced real estate course covering topics such as brokerage management and real estate law</p> Signup and view all the answers

    Which of the following is NOT a requirement to obtain a Salesperson License in Oklahoma?

    <p>Having at least 2 years of previous licensing as a sales associate</p> Signup and view all the answers

    What happens if the post-license education is not completed for a provisional sales associate in Oklahoma?

    <p>The provisional sales associate license will be terminated</p> Signup and view all the answers

    How many hours of pre-license education must be completed to obtain a Salesperson License in Oklahoma?

    <p>90 hours</p> Signup and view all the answers

    What type of course should the pre-license education for obtaining a Salesperson License be?

    <p>A course approved by the Commission</p> Signup and view all the answers

    Who is granted extensions of time to complete the education and testing requirements for obtaining a license in Oklahoma?

    <p>Active military members</p> Signup and view all the answers

    'Follow the testing procedures established and administered by the Commission' is required for obtaining which license in Oklahoma?

    <p>Salesperson License</p> Signup and view all the answers

    How many years must one have worked as either a sales associate, provisional sales associate, or broker associate within the past 5 years to become licensed as a real estate broker in Oklahoma?

    <p>2 years</p> Signup and view all the answers

    What is a requirement to become a Broker Associate in Oklahoma?

    <p>Completion of 90-hour advanced real estate instruction course approved by the Commission</p> Signup and view all the answers

    What must be submitted along with the application for the broker's license exam in Oklahoma?

    <p>FBI background check results</p> Signup and view all the answers

    Who is eligible to apply for reciprocity of their real estate license with Oklahoma?

    <p>A licensee who has been licensed for 2 of previous 5 years in another jurisdiction</p> Signup and view all the answers

    What is a restriction for obtaining a Broker license in Oklahoma?

    <p>Applying within 20 years of completion of criminal sentence</p> Signup and view all the answers

    What type of licensee in Oklahoma is subject to an additional 45-hour post-licensing education requirement?

    <p>Provisional Sales Associate</p> Signup and view all the answers

    What must an out-of-state broker unlicensed in Oklahoma do to transact business within the state?

    <p>Enter into a cooperating agreement with an Oklahoma licensed broker</p> Signup and view all the answers

    What is a requirement to maintain an active license status in Oklahoma?

    <p>Maintaining good moral character</p> Signup and view all the answers

    Which type of license holder in Oklahoma may list, sell, lease, or negotiate real estate transactions?

    <p>Broker</p> Signup and view all the answers

    What is the process for a licensee who wants to request inactive status?

    <p>Submit a written request with sufficient reason</p> Signup and view all the answers

    'Every member, officer, or employee who acts as a broker must maintain a license' applies to which entities according to the text?

    <p><em>Partnerships, corporations, or associations</em></p> Signup and view all the answers

    What is the renewal period for licenses in Oklahoma?

    <p>36 months</p> Signup and view all the answers

    What is required for reciprocity application with Oklahoma?

    <p>Proof of continuing education completion certification.</p> Signup and view all the answers

    What must an active military member do to request inactive status?

    <p>Request it for each term of service</p> Signup and view all the answers

    What happens to a license if it is issued for less than 36 months?

    <p>License fees are prorated</p> Signup and view all the answers

    What must a licensee do if they wish to transfer to another broker?

    <p>Provide a sworn statement to the Commission</p> Signup and view all the answers

    When is an applicant regarded as an original applicant?

    <p>Upon lapse of more than 3 years</p> Signup and view all the answers

    What is a requirement for obtaining a provisional sales associate license in Oklahoma?

    <p>Pass the exam</p> Signup and view all the answers

    Which of the following is a requirement to become a licensed real estate broker in Oklahoma?

    <p>Completion of a 90-hour advanced real estate course</p> Signup and view all the answers

    What happens if the post-license education is not completed for a provisional sales associate in Oklahoma?

    <p>The license will be terminated</p> Signup and view all the answers

    Who is granted an extension of time to complete the education and testing requirements for obtaining a license in Oklahoma?

    <p>Active military members</p> Signup and view all the answers

    What type of education must be completed within 3 years of applying for a Salesperson License in Oklahoma?

    <p>90 hours of pre-license education</p> Signup and view all the answers

    What is NOT a requirement to obtain a Salesperson License in Oklahoma?

    <p>Completing 45 hours of post-license education</p> Signup and view all the answers

    What is required to obtain a Broker Associate License in Oklahoma?

    <p>Completion of 90-hour advanced real estate instruction course</p> Signup and view all the answers

    What is a requirement for reciprocity application with Oklahoma?

    <p>Consent for service of jurisdiction form</p> Signup and view all the answers

    Who is eligible for reciprocity of their real estate license with Oklahoma?

    <p>Licensee licensed for 2 of previous 5 years in another jurisdiction</p> Signup and view all the answers

    What type of licensee in Oklahoma may list, sell, lease, or negotiate real estate transactions?

    <p>Real Estate Sales Associate</p> Signup and view all the answers

    What must an out-of-state broker unlicensed in Oklahoma do to transact business within the state?

    <p>Enter into a cooperating agreement with an Oklahoma licensed broker</p> Signup and view all the answers

    What must a licensee do if they wish to transfer to another broker?

    <p>Retake the broker's exam</p> Signup and view all the answers

    What must a suspended licensee under suspension or revocation not do?

    <p>Operate in a licensed real estate business as a member, partner, or officer</p> Signup and view all the answers

    What is required for a licensee who wants to reinstate a suspended or revoked license?

    <p>Pay the continuing fees</p> Signup and view all the answers

    What should an active military member do to request inactive status?

    <p>Request inactive status for each term of service</p> Signup and view all the answers

    What is the consequence if a licensee fails to comply with the Commission's rules and requirements?

    <p>Face suspension or revocation of their license</p> Signup and view all the answers

    When does the expiration date of a license occur?

    <p>At the end of the twelfth or thirty-sixth month, whichever is applicable</p> Signup and view all the answers

    What is required for a licensee who wishes to transfer to another broker?

    <p>Inform the Commission within 20 days</p> Signup and view all the answers

    What happens if a licensee does not complete post-license education in a timely manner?

    <p>They must apply as an original applicant and cannot reinstate</p> Signup and view all the answers

    What must be submitted along with the application for reinstatement after more than 3 years of license lapse?

    <p>'Any other documents required by the Commission' and 'National criminal history check'</p> Signup and view all the answers

    What is NOT required for obtaining a provisional sales associate license in Oklahoma?

    <p>Renew every 36 months</p> Signup and view all the answers

    What is required for an associate who desires to transfer to another broker?

    <p>Provide written notice within 20 days.</p> Signup and view all the answers

    What is a requirement to obtain a Salesperson License in Oklahoma?

    <p>Have a reputation for honesty and trustworthiness</p> Signup and view all the answers

    What is needed to become a licensed real estate broker in Oklahoma?

    <p>Completion of 45 hours of post-license education</p> Signup and view all the answers

    What happens if the post-license education is not completed for a provisional sales associate in Oklahoma?

    <p>The provisional sales associate license will be terminated</p> Signup and view all the answers

    Who is granted extensions of time to complete the education and testing requirements for obtaining a license in Oklahoma?

    <p>Active military members</p> Signup and view all the answers

    'Follow the testing procedures established and administered by the Commission' is required for obtaining which license in Oklahoma?

    <p>Provisional Sales Associate License</p> Signup and view all the answers

    What is NOT a requirement to become a licensed real estate broker in Oklahoma?

    <p>Completion of 45 hours of post-license education</p> Signup and view all the answers

    'Active military members are granted extensions of time to complete the education and testing requirements' refers to which type of requirement in Oklahoma?

    <p>Pre-license education completion</p> Signup and view all the answers

    'Completion of a 90-hour advanced real estate course approved by the Oklahoma Real Estate Commission' is necessary for obtaining which type of license in Oklahoma?

    <p>Broker Associate License</p> Signup and view all the answers

    'Submit the application form and pay the fee as prescribed by the Commission' is required for which stage of obtaining a license in Oklahoma?

    <p>'Applying for the license'</p> Signup and view all the answers

    'At least 2 years of previous licensing as a sales associate, provisional sales associate, or broker associate within the past 5 years' is required for which license in Oklahoma?

    <p>'Real Estate Broker' License</p> Signup and view all the answers

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