A broker license allows a person to do business as a firm and sponsor licensed associates (provisional sales associates, sales associates or broker associates.) The broker will be responsible for activities of their associates. In order for an applicant to apply for a broker license, the applicant must be of good moral character, possess two (2) years of active experience, or its equivalent, as a PSA or SA within the past five (5) years, and submit evidence of successful completion of ninety (90) clock hours of advanced real estate instruction in a course that is approved by the Commission.
This course includes all the state required elements, including an overview of the Oklahoma Broker Relationships Act and the Laws and Rules affecting Real Estate in Oklahoma. Students completing this course as well as meeting the other requirements stated above will receive a certificate that allows them to sit for the Oklahoma Broker Exam.
Course Outline (Approval #178370)
The 60 hour Real Estate Principles course presented entirely online and includes the following;
Real Estate Principles
Oklahoma Broker Relationship Act
Laws and Rules Affecting Oklahoma Real Estate Practice
Trust Accounts and Trust Funds
Disclosures and Hazards
Real Estate Brokerage
Specialized Property Operations
Students can expect numerous exercises, quizzes, case studies and the course will be completed with a cumulative final exam. All elements presented in the course are required for course completion.