Okla. Stat. tit. 59 § 858-303

Current through Laws 2024, c. 9.

Section 858-303 - Eligibility for license as real estate broker - Examination

A. Applicants for a broker license who hold a sales associate license or are not currently licensed shall meet the following requirements:

1. Have two (2) years' licensure within the previous five (5) years or its equivalent;

2. Submit to the Commission evidence of successful completion of ninety (90) clock hours or its equivalent as determined by the Commission of advanced real estate instruction in a course of study approved by the Commission and completion of the Broker in Charge course as defined in the Code. The education required in this subsection shall only be valid for a period of three (3) years from the date the school certified successful completion of the course; thereafter, the applicant shall be required to successfully complete an additional ninety (90) clock hours or its equivalent in advanced real estate instruction;

3. Provide documentation verifying ten real estate transactions within the past five (5) years or the equivalent as determined by the Commission. For the purposes of this subsection, transaction shall be defined in Section 858-351 of this title and shall be demonstrated on forms developed by the Commission; and

4. Apply to the Commission to take an examination for the purpose of securing a license as a broker.

B. Application shall be made upon forms prescribed by the Commission and shall be accompanied by fees as provided for in this Code and all information and documents the Commission may require.

C. If the applicant has passed the examination, received final approval of the application, and paid the appropriate fees provided for in this Code along with the Oklahoma Real Estate Education and Recovery Fund fee, the Commission shall issue to the applicant a broker license.

D. Applicants for a broker license who hold a broker associate license shall meet the following requirements:

1. Have two (2) years' licensure within the previous five (5) years, or its equivalent;

2. Submit to the Commission evidence of successful completion of the Broker in Charge course as defined in the Code; and

E. Application shall be made upon forms prescribed by the Commission and shall be accompanied by fees as provided for in this Code and all information and documents the Commission may require.

F. If the applicant has received final approval of the application, and paid the appropriate fee provided for in this Code along with the Oklahoma Real Estate Education and Recovery Fund fee, the Commission shall issue to the applicant a broker license.

Okla. Stat. tit. 59, § 858-303

Amended by Laws 2019 , c. 363, s. 34, eff. 11/1/2019.

Amended by Laws 2017 , c. 248, s. 2, eff. 11/1/2017.

Amended by Laws 2014 , c. 108, s. 1, eff. 11/1/2014.

Amended by Laws 2013 , c. 173, s. 2, eff. 11/1/2013.

Laws 1974, c. 121, § 303, operative 7/1/1974; Amended by Laws 1977, c. 182, § 4, eff. 7/1/1977; Amended by Laws 1980, c. 165, § 3, eff. 7/1/1981; Amended by Laws 1982, c. 194, § 5, emerg. eff. 4/26/1982; Amended by Laws 1991, c. 43, § 5, eff. 7/1/1993; Amended by Laws 1992, c. 94, § 3, eff. 7/1/1993; Amended by Laws 1998, c. 60, § 10, eff. 1/1/1999; Amended by Laws 2005 , HB 1510, c. 59, §2, eff. 11/1/2006.