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Oklahoma Real Estate Broker — Requirements & Free Practice

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Broker Associate

A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.

Licensing authority: Oklahoma Real Estate Commission · Application information

Renewal of an active license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Nonresident education
Apply the statutory and OAC 605:10-7-9(j) nonresident continuing-education provisions where eligible.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Timing
File renewal before expiration of the thirty-six-month license term.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Reinstatement following automatic revocation under § 858 402 or § 858 604 — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Activation or reissuance of a current inactive license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Broker transactions
Broker Manager, Proprietor or Branch applicants must document ten transactions in five years or equivalent under OAC 605:10-7-9(k), when that nonresident provision applies.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Status
Hold a current inactive license; meet applicable experience requirements and pay any remaining active-license fee.

Official no-examination sources

Effective from 2026-09-22.

Renewal on inactive status
No examination is required for this applicant pathway.
Documents
Submit prescribed renewal and citizenship or qualified-alien documentation.
Status
Remain inactive; licensed practice is prohibited. Pay required renewal fees. Continuing education is not required during inactive status under § 858-307.2(E)(1).

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Education
Complete the approved 90-hour advanced real estate course; completion is valid for three years.
Eligibility
Broker Associate: hold a renewable sales associate or broker associate license and show two years of active licensure in the previous five years, or equivalent. Broker applicants holding a sales associate license or not currently licensed: show two years of active licensure in the previous five years, or equivalent.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
Experience equivalency
The Commission determines equivalence to required active licensure.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Older board instructions
The current Board-linked Sales Associate to Broker Associate page (last modified March 8, 2023) states: 1) Ensure you have at least one years' experience of Sales Associate licensure. Licensure completed as a Provisional Sales Associate does not count towards the required year experience. You may review your licensure information on the  Public Registry . The controlling 59 O.S. § 858-303A(A)(1), amended effective November 1, 2024, and the August 25, 2026 FAQ require two years in the previous five; that higher-ranked rule is used here.
Reinstatement after lapse of less than one year
No examination is required for this applicant pathway.
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
License lapsed less than one year.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.

Official no-examination sources

Effective from 2026-09-22.

Reapplication after lapse of more than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Apply as an original applicant after more than three years since the most recent year of licensure; satisfy original applicant requirements.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Reinstatement after lapse of more than one but less than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
License lapsed more than one year but less than three years; complete the appropriate broker examination, criminal-history check, reinstatement application and a statement that the current License Code and Rules have been read.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Restoration of a license that expired during qualifying active military duty
No examination is required for this applicant pathway.
Education
Meet the applicable post-discharge activation requirements.
Eligibility
Provide required duty and discharge orders within the rule period, including the request no later than one year after discharge where applicable.
Waivers
OAC 605:10-7-2(m)(3)-(4) expressly waives the criminal-history check and license examination for expiration during the covered events.

Official no-examination sources

Effective from 2026-09-22.

Renewal or extension during active military service
No examination is required for this applicant pathway.
Activation after discharge
For activation after discharge provide continuing education for the current renewal term.
Eligibility
Current licensee on qualifying active military duty.
Fees and education
Qualifying license and Education and Recovery Fund fees and continuing education are waived during the covered period.
Request
Submit written waiver request and official active-duty orders as required; continuation extends during service and at least one year after discharge.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination using equivalent military education, training and experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Exam
OAC 605:10-7-10(a)(4)(A)(v) requires successful completion of the entire appropriate examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from jurisdictions where a license is or was held.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Military equivalency
Present satisfactory evidence of equivalent military education, training and experience; Commission applies it most favorably toward qualifications.
Role specific requirements
The Broker Associate role does not require the initial Broker in Charge course under § 858-303A.
Nonresident licensure with two years of active broker licensure in three
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Eligibility
Current active broker license and at least two years of active broker licensure during the previous three years; inactive experience is not credited.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure with less than two years of active broker licensure in three
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Eligibility
Current active broker license but less than two years of active broker licensure during the previous three years; complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure under a reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board experience instruction
The February 4, 2026 Board page says any experience in the previous five years from a listed agreement jurisdiction may qualify for the state-only exam; Commission approval is required.
Eligibility
Current active broker license in an agreement jurisdiction; the Commission determines equivalent educational and experience requirements under OAC 605:10-7-9(b). Comply with the application requirements in (a)(1)(A)-(B).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Transfer of a current license from nonresident to resident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure with approved equivalent experience under the Point Waiver Program
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Degree and transactions
Broker Associate: qualifying bachelor or master degree requires ten qualifying transactions; Juris Doctor requires none.
Discretion
Equivalency creates no right to licensure; the Commission makes final eligibility determinations.
Education
After advance approval, complete 90-hour salesperson, 45-hour post-license and 90-hour broker courses within the previous three years.
Equivalent experience
Apply for advance Commission approval of the Point Waiver; this is an experience-equivalency pathway, not an examination waiver. It is for work in an Oklahoma brokerage.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Transaction evidence
Applicant was the principal, transactions were within five years without a brokerage and without an active real estate license; provide executed purchase contracts and settlement records.
Resident licensure with prior broker experience and no reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board instruction
The lower-ranked February 4, 2026 Broker Proprietor page states: 1) two years or more experience within the last three years with a license held from another state OR 2) you have any amount of experience in the last five years from one of the following states: Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota or South Dakota. The administrative rule uses the previous five years for resident applicants; retain the Board statement for applicant review.
Eligibility
No nonresident agreement; at least two years of active broker experience in the preceding five years under OAC 605:10-7-10(a)(2).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Resident licensure as an original applicant with insufficient prior broker experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Eligibility
Does not meet resident reciprocal or two-years-in-five broker experience criteria; qualify as an original applicant and complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Original requirements
Complete the original broker or broker-associate education and experience prerequisites, including Commission-approved equivalents where allowed.
Residency
Operate from an Oklahoma place of business.
Resident licensure under an existing reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Agreement
The Commission determines agreement eligibility; current summary lists its reciprocal jurisdictions.
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Eligibility
Hold or have held a broker license in good standing in a jurisdiction covered by a Commission nonresident agreement.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Transfer of a current license from resident to nonresident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Reapplication following ordinary revocation
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
At least five years after the effective date of ordinary revocation; satisfy original applicant requirements. Automatic revocations follow a separate rule.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Reinstatement of a surrendered or cancelled license during its current term
No examination is required for this applicant pathway.
Status
License term is still current; obtain Commission approval for reissuance.
Submissions
Submit reinstatement fee, transfer-equivalent reissuance fee, required documents and criminal-history background check.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.
Reinstatement following surrender or cancellation with an expired term — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Broker Associate: thirty approved hours with at least thirteen required subject hours under OAC 605:10-3-6(k), or approved equivalents.
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker-qualified individual who works under a Broker Proprietor, Managing Broker or Branch Broker.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Branch Broker

An individual broker designated to supervise a licensed branch office.

Licensing authority: Oklahoma Real Estate Commission · Application information

Renewal of an active license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Nonresident education
Apply the statutory and OAC 605:10-7-9(j) nonresident continuing-education provisions where eligible.
Role
An individual broker designated to supervise a licensed branch office.
Timing
File renewal before expiration of the thirty-six-month license term.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker designated to supervise a licensed branch office.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker designated to supervise a licensed branch office.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Reinstatement following automatic revocation under § 858 402 or § 858 604 — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker designated to supervise a licensed branch office.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Conversion from Broker Associate to broker
No examination is required for this applicant pathway.
Application
Submit the prescribed application, documents, fees and Recovery Fund fee; receive final Commission approval.
Education
Complete the Broker in Charge course.
Existing license
Hold an Oklahoma Broker Associate license.
Experience
Two years of active licensure within five years, or equivalent, under 59 O.S. § 858-303(D).
Role
An individual broker designated to supervise a licensed branch office.
Transactions
Provide documentation of ten transactions in five years, or Commission-approved equivalent.

Official no-examination sources

Effective from 2026-09-22.

Activation or reissuance of a current inactive license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Broker transactions
Broker Manager, Proprietor or Branch applicants must document ten transactions in five years or equivalent under OAC 605:10-7-9(k), when that nonresident provision applies.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Role
An individual broker designated to supervise a licensed branch office.
Status
Hold a current inactive license; meet applicable experience requirements and pay any remaining active-license fee.

Official no-examination sources

Effective from 2026-09-22.

Renewal on inactive status
No examination is required for this applicant pathway.
Documents
Submit prescribed renewal and citizenship or qualified-alien documentation.
Status
Remain inactive; licensed practice is prohibited. Pay required renewal fees. Continuing education is not required during inactive status under § 858-307.2(E)(1).

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the approved 15-hour Broker in Charge course.
Education
Complete the approved 90-hour advanced real estate course; completion is valid for three years.
Eligibility
Hold a sales associate license or be not currently licensed, and show two years of active licensure in the previous five years or equivalent.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
Experience equivalency
The Commission determines equivalence to required active licensure.
License role
An individual broker designated to supervise a licensed branch office.
Transactions
Document ten completed sales, exchanges, purchases or leases in the previous five years, or Commission-approved equivalent.
Reinstatement after lapse of less than one year
No examination is required for this applicant pathway.
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
License lapsed less than one year.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker designated to supervise a licensed branch office.

Official no-examination sources

Effective from 2026-09-22.

Reapplication after lapse of more than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Apply as an original applicant after more than three years since the most recent year of licensure; satisfy original applicant requirements.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker designated to supervise a licensed branch office.
Reinstatement after lapse of more than one but less than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
License lapsed more than one year but less than three years; complete the appropriate broker examination, criminal-history check, reinstatement application and a statement that the current License Code and Rules have been read.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker designated to supervise a licensed branch office.
Restoration of a license that expired during qualifying active military duty
No examination is required for this applicant pathway.
Education
Meet the applicable post-discharge activation requirements.
Eligibility
Provide required duty and discharge orders within the rule period, including the request no later than one year after discharge where applicable.
Waivers
OAC 605:10-7-2(m)(3)-(4) expressly waives the criminal-history check and license examination for expiration during the covered events.

Official no-examination sources

Effective from 2026-09-22.

Renewal or extension during active military service
No examination is required for this applicant pathway.
Activation after discharge
For activation after discharge provide continuing education for the current renewal term.
Eligibility
Current licensee on qualifying active military duty.
Fees and education
Qualifying license and Education and Recovery Fund fees and continuing education are waived during the covered period.
Request
Submit written waiver request and official active-duty orders as required; continuation extends during service and at least one year after discharge.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination using equivalent military education, training and experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Exam
OAC 605:10-7-10(a)(4)(A)(v) requires successful completion of the entire appropriate examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from jurisdictions where a license is or was held.
License role
An individual broker designated to supervise a licensed branch office.
Military equivalency
Present satisfactory evidence of equivalent military education, training and experience; Commission applies it most favorably toward qualifications.
Role specific requirements
Complete the approved 15-hour Broker in Charge course.
Nonresident licensure with two years of active broker licensure in three
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license and at least two years of active broker licensure during the previous three years; inactive experience is not credited.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker designated to supervise a licensed branch office.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure with less than two years of active broker licensure in three
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license but less than two years of active broker licensure during the previous three years; complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker designated to supervise a licensed branch office.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure under a reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board experience instruction
The February 4, 2026 Board page says any experience in the previous five years from a listed agreement jurisdiction may qualify for the state-only exam; Commission approval is required.
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license in an agreement jurisdiction; the Commission determines equivalent educational and experience requirements under OAC 605:10-7-9(b). Comply with the application requirements in (a)(1)(A)-(B).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker designated to supervise a licensed branch office.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Transfer of a current license from nonresident to resident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure with approved equivalent experience under the Point Waiver Program
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course; the point-waiver page allows this after passing the exam.
Degree and transactions
The form labels the managing-broker equivalency as a qualifying bachelor or master degree plus fifteen qualifying transactions, or Juris Doctor plus ten. The February 20, 2026 page expressly applies this program to Managing Broker, Broker Proprietor and Branch Broker.
Discretion
Equivalency creates no right to licensure; the Commission makes final eligibility determinations.
Education
After advance approval, complete 90-hour salesperson, 45-hour post-license and 90-hour broker courses within the previous three years.
Equivalent experience
Apply for advance Commission approval of the Point Waiver; this is an experience-equivalency pathway, not an examination waiver. It is for work in an Oklahoma brokerage.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License role
An individual broker designated to supervise a licensed branch office.
Transaction evidence
Applicant was the principal, transactions were within five years without a brokerage and without an active real estate license; provide executed purchase contracts and settlement records.
Resident licensure with prior broker experience and no reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board instruction
The lower-ranked February 4, 2026 Broker Proprietor page states: 1) two years or more experience within the last three years with a license held from another state OR 2) you have any amount of experience in the last five years from one of the following states: Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota or South Dakota. The administrative rule uses the previous five years for resident applicants; retain the Board statement for applicant review.
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
No nonresident agreement; at least two years of active broker experience in the preceding five years under OAC 605:10-7-10(a)(2).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker designated to supervise a licensed branch office.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Resident licensure as an original applicant with insufficient prior broker experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Does not meet resident reciprocal or two-years-in-five broker experience criteria; qualify as an original applicant and complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker designated to supervise a licensed branch office.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Original requirements
Complete the original broker or broker-associate education and experience prerequisites, including Commission-approved equivalents where allowed.
Residency
Operate from an Oklahoma place of business.
Resident licensure under an existing reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Agreement
The Commission determines agreement eligibility; current summary lists its reciprocal jurisdictions.
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Hold or have held a broker license in good standing in a jurisdiction covered by a Commission nonresident agreement.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker designated to supervise a licensed branch office.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Transfer of a current license from resident to nonresident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Reapplication following ordinary revocation
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
At least five years after the effective date of ordinary revocation; satisfy original applicant requirements. Automatic revocations follow a separate rule.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker designated to supervise a licensed branch office.
Reinstatement of a surrendered or cancelled license during its current term
No examination is required for this applicant pathway.
Status
License term is still current; obtain Commission approval for reissuance.
Submissions
Submit reinstatement fee, transfer-equivalent reissuance fee, required documents and criminal-history background check.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker designated to supervise a licensed branch office.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker designated to supervise a licensed branch office.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.
Reinstatement following surrender or cancellation with an expired term — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker designated to supervise a licensed branch office.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Managing Broker

An individual broker who manages a licensed business entity brokerage.

Licensing authority: Oklahoma Real Estate Commission · Application information

Renewal of an active license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Nonresident education
Apply the statutory and OAC 605:10-7-9(j) nonresident continuing-education provisions where eligible.
Role
An individual broker who manages a licensed business entity brokerage.
Timing
File renewal before expiration of the thirty-six-month license term.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker who manages a licensed business entity brokerage.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker who manages a licensed business entity brokerage.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Reinstatement following automatic revocation under § 858 402 or § 858 604 — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker who manages a licensed business entity brokerage.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Conversion of a current Branch Broker to Managing Broker
No examination is required for this applicant pathway.
Application
Submit a license type change request through the License Portal; after approval complete remaining request items and pay the upgrade fee.
Entity
If opening a new business entity, separately obtain its entity license and Secretary of State documents.
Existing license
Hold a current Branch Broker license.

Official no-examination sources

Effective from 2026-09-22.

Conversion from Broker Associate to broker
No examination is required for this applicant pathway.
Application
Submit the prescribed application, documents, fees and Recovery Fund fee; receive final Commission approval.
Education
Complete the Broker in Charge course.
Existing license
Hold an Oklahoma Broker Associate license.
Experience
Two years of active licensure within five years, or equivalent, under 59 O.S. § 858-303(D).
Role
An individual broker who manages a licensed business entity brokerage.
Transactions
Provide documentation of ten transactions in five years, or Commission-approved equivalent.

Official no-examination sources

Effective from 2026-09-22.

Activation or reissuance of a current inactive license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Broker transactions
Broker Manager, Proprietor or Branch applicants must document ten transactions in five years or equivalent under OAC 605:10-7-9(k), when that nonresident provision applies.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Role
An individual broker who manages a licensed business entity brokerage.
Status
Hold a current inactive license; meet applicable experience requirements and pay any remaining active-license fee.

Official no-examination sources

Effective from 2026-09-22.

Renewal on inactive status
No examination is required for this applicant pathway.
Documents
Submit prescribed renewal and citizenship or qualified-alien documentation.
Status
Remain inactive; licensed practice is prohibited. Pay required renewal fees. Continuing education is not required during inactive status under § 858-307.2(E)(1).

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the approved 15-hour Broker in Charge course.
Education
Complete the approved 90-hour advanced real estate course; completion is valid for three years.
Eligibility
Hold a sales associate license or be not currently licensed, and show two years of active licensure in the previous five years or equivalent.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
Experience equivalency
The Commission determines equivalence to required active licensure.
License role
An individual broker who manages a licensed business entity brokerage.
Transactions
Document ten completed sales, exchanges, purchases or leases in the previous five years, or Commission-approved equivalent.
Reinstatement after lapse of less than one year
No examination is required for this applicant pathway.
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
License lapsed less than one year.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker who manages a licensed business entity brokerage.

Official no-examination sources

Effective from 2026-09-22.

Reapplication after lapse of more than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Apply as an original applicant after more than three years since the most recent year of licensure; satisfy original applicant requirements.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker who manages a licensed business entity brokerage.
Reinstatement after lapse of more than one but less than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
License lapsed more than one year but less than three years; complete the appropriate broker examination, criminal-history check, reinstatement application and a statement that the current License Code and Rules have been read.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker who manages a licensed business entity brokerage.
Restoration of a license that expired during qualifying active military duty
No examination is required for this applicant pathway.
Education
Meet the applicable post-discharge activation requirements.
Eligibility
Provide required duty and discharge orders within the rule period, including the request no later than one year after discharge where applicable.
Waivers
OAC 605:10-7-2(m)(3)-(4) expressly waives the criminal-history check and license examination for expiration during the covered events.

Official no-examination sources

Effective from 2026-09-22.

Renewal or extension during active military service
No examination is required for this applicant pathway.
Activation after discharge
For activation after discharge provide continuing education for the current renewal term.
Eligibility
Current licensee on qualifying active military duty.
Fees and education
Qualifying license and Education and Recovery Fund fees and continuing education are waived during the covered period.
Request
Submit written waiver request and official active-duty orders as required; continuation extends during service and at least one year after discharge.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination using equivalent military education, training and experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Exam
OAC 605:10-7-10(a)(4)(A)(v) requires successful completion of the entire appropriate examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from jurisdictions where a license is or was held.
License role
An individual broker who manages a licensed business entity brokerage.
Military equivalency
Present satisfactory evidence of equivalent military education, training and experience; Commission applies it most favorably toward qualifications.
Role specific requirements
Complete the approved 15-hour Broker in Charge course.
Nonresident licensure with two years of active broker licensure in three
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license and at least two years of active broker licensure during the previous three years; inactive experience is not credited.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker who manages a licensed business entity brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure with less than two years of active broker licensure in three
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license but less than two years of active broker licensure during the previous three years; complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker who manages a licensed business entity brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure under a reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board experience instruction
The February 4, 2026 Board page says any experience in the previous five years from a listed agreement jurisdiction may qualify for the state-only exam; Commission approval is required.
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license in an agreement jurisdiction; the Commission determines equivalent educational and experience requirements under OAC 605:10-7-9(b). Comply with the application requirements in (a)(1)(A)-(B).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker who manages a licensed business entity brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Transfer of a current license from nonresident to resident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure with approved equivalent experience under the Point Waiver Program
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course; the point-waiver page allows this after passing the exam.
Degree and transactions
The form labels the managing-broker equivalency as a qualifying bachelor or master degree plus fifteen qualifying transactions, or Juris Doctor plus ten. The February 20, 2026 page expressly applies this program to Managing Broker, Broker Proprietor and Branch Broker.
Discretion
Equivalency creates no right to licensure; the Commission makes final eligibility determinations.
Education
After advance approval, complete 90-hour salesperson, 45-hour post-license and 90-hour broker courses within the previous three years.
Equivalent experience
Apply for advance Commission approval of the Point Waiver; this is an experience-equivalency pathway, not an examination waiver. It is for work in an Oklahoma brokerage.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License role
An individual broker who manages a licensed business entity brokerage.
Transaction evidence
Applicant was the principal, transactions were within five years without a brokerage and without an active real estate license; provide executed purchase contracts and settlement records.
Resident licensure with prior broker experience and no reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board instruction
The lower-ranked February 4, 2026 Broker Proprietor page states: 1) two years or more experience within the last three years with a license held from another state OR 2) you have any amount of experience in the last five years from one of the following states: Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota or South Dakota. The administrative rule uses the previous five years for resident applicants; retain the Board statement for applicant review.
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
No nonresident agreement; at least two years of active broker experience in the preceding five years under OAC 605:10-7-10(a)(2).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker who manages a licensed business entity brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Resident licensure as an original applicant with insufficient prior broker experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Does not meet resident reciprocal or two-years-in-five broker experience criteria; qualify as an original applicant and complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker who manages a licensed business entity brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Original requirements
Complete the original broker or broker-associate education and experience prerequisites, including Commission-approved equivalents where allowed.
Residency
Operate from an Oklahoma place of business.
Resident licensure under an existing reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Agreement
The Commission determines agreement eligibility; current summary lists its reciprocal jurisdictions.
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Hold or have held a broker license in good standing in a jurisdiction covered by a Commission nonresident agreement.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
An individual broker who manages a licensed business entity brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Transfer of a current license from resident to nonresident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Reapplication following ordinary revocation
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
At least five years after the effective date of ordinary revocation; satisfy original applicant requirements. Automatic revocations follow a separate rule.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
An individual broker who manages a licensed business entity brokerage.
Reinstatement of a surrendered or cancelled license during its current term
No examination is required for this applicant pathway.
Status
License term is still current; obtain Commission approval for reissuance.
Submissions
Submit reinstatement fee, transfer-equivalent reissuance fee, required documents and criminal-history background check.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker who manages a licensed business entity brokerage.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker who manages a licensed business entity brokerage.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.
Reinstatement following surrender or cancellation with an expired term — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
An individual broker who manages a licensed business entity brokerage.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Broker Proprietor

A broker who is the sole owner of a proprietorship brokerage.

Licensing authority: Oklahoma Real Estate Commission · Application information

Renewal of an active license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Nonresident education
Apply the statutory and OAC 605:10-7-9(j) nonresident continuing-education provisions where eligible.
Role
A broker who is the sole owner of a proprietorship brokerage.
Timing
File renewal before expiration of the thirty-six-month license term.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker who is the sole owner of a proprietorship brokerage.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following automatic revocation under § 858 402 or § 858 604 — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker who is the sole owner of a proprietorship brokerage.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Reinstatement following automatic revocation under § 858 402 or § 858 604 — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker who is the sole owner of a proprietorship brokerage.
Special requirement
Pay all outstanding amounts owed to the Commission before reinstatement.
Conversion from Broker Associate to broker
No examination is required for this applicant pathway.
Application
Submit the prescribed application, documents, fees and Recovery Fund fee; receive final Commission approval.
Education
Complete the Broker in Charge course.
Existing license
Hold an Oklahoma Broker Associate license.
Experience
Two years of active licensure within five years, or equivalent, under 59 O.S. § 858-303(D).
Role
A broker who is the sole owner of a proprietorship brokerage.
Transactions
Provide documentation of ten transactions in five years, or Commission-approved equivalent.

Official no-examination sources

Effective from 2026-09-22.

Activation or reissuance of a current inactive license
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Broker transactions
Broker Manager, Proprietor or Branch applicants must document ten transactions in five years or equivalent under OAC 605:10-7-9(k), when that nonresident provision applies.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Role
A broker who is the sole owner of a proprietorship brokerage.
Status
Hold a current inactive license; meet applicable experience requirements and pay any remaining active-license fee.

Official no-examination sources

Effective from 2026-09-22.

Renewal on inactive status
No examination is required for this applicant pathway.
Documents
Submit prescribed renewal and citizenship or qualified-alien documentation.
Status
Remain inactive; licensed practice is prohibited. Pay required renewal fees. Continuing education is not required during inactive status under § 858-307.2(E)(1).

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the approved 15-hour Broker in Charge course.
Education
Complete the approved 90-hour advanced real estate course; completion is valid for three years.
Eligibility
Hold a sales associate license or be not currently licensed, and show two years of active licensure in the previous five years or equivalent.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
Experience equivalency
The Commission determines equivalence to required active licensure.
License role
A broker who is the sole owner of a proprietorship brokerage.
Transactions
Document ten completed sales, exchanges, purchases or leases in the previous five years, or Commission-approved equivalent.
Reinstatement after lapse of less than one year
No examination is required for this applicant pathway.
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
License lapsed less than one year.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker who is the sole owner of a proprietorship brokerage.

Official no-examination sources

Effective from 2026-09-22.

Reapplication after lapse of more than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Apply as an original applicant after more than three years since the most recent year of licensure; satisfy original applicant requirements.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker who is the sole owner of a proprietorship brokerage.
Reinstatement after lapse of more than one but less than three years
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
License lapsed more than one year but less than three years; complete the appropriate broker examination, criminal-history check, reinstatement application and a statement that the current License Code and Rules have been read.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker who is the sole owner of a proprietorship brokerage.
Restoration of a license that expired during qualifying active military duty
No examination is required for this applicant pathway.
Education
Meet the applicable post-discharge activation requirements.
Eligibility
Provide required duty and discharge orders within the rule period, including the request no later than one year after discharge where applicable.
Waivers
OAC 605:10-7-2(m)(3)-(4) expressly waives the criminal-history check and license examination for expiration during the covered events.

Official no-examination sources

Effective from 2026-09-22.

Renewal or extension during active military service
No examination is required for this applicant pathway.
Activation after discharge
For activation after discharge provide continuing education for the current renewal term.
Eligibility
Current licensee on qualifying active military duty.
Fees and education
Qualifying license and Education and Recovery Fund fees and continuing education are waived during the covered period.
Request
Submit written waiver request and official active-duty orders as required; continuation extends during service and at least one year after discharge.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination using equivalent military education, training and experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Exam
OAC 605:10-7-10(a)(4)(A)(v) requires successful completion of the entire appropriate examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from jurisdictions where a license is or was held.
License role
A broker who is the sole owner of a proprietorship brokerage.
Military equivalency
Present satisfactory evidence of equivalent military education, training and experience; Commission applies it most favorably toward qualifications.
Role specific requirements
Complete the approved 15-hour Broker in Charge course.
Nonresident licensure with two years of active broker licensure in three
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license and at least two years of active broker licensure during the previous three years; inactive experience is not credited.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker who is the sole owner of a proprietorship brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure with less than two years of active broker licensure in three
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license but less than two years of active broker licensure during the previous three years; complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker who is the sole owner of a proprietorship brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Nonresident licensure under a reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board experience instruction
The February 4, 2026 Board page says any experience in the previous five years from a listed agreement jurisdiction may qualify for the state-only exam; Commission approval is required.
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Current active broker license in an agreement jurisdiction; the Commission determines equivalent educational and experience requirements under OAC 605:10-7-9(b). Comply with the application requirements in (a)(1)(A)-(B).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker who is the sole owner of a proprietorship brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an out-of-state place of business.
Service agent
Maintain an Oklahoma registered service agent and submit the consent to jurisdiction. The FAQ discourages naming the Executive Director even though the statute also prescribes Secretary-Treasurer service consent.
Transfer of a current license from nonresident to resident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure with approved equivalent experience under the Point Waiver Program
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course; the point-waiver page allows this after passing the exam.
Degree and transactions
The form labels the managing-broker equivalency as a qualifying bachelor or master degree plus fifteen qualifying transactions, or Juris Doctor plus ten. The February 20, 2026 page expressly applies this program to Managing Broker, Broker Proprietor and Branch Broker.
Discretion
Equivalency creates no right to licensure; the Commission makes final eligibility determinations.
Education
After advance approval, complete 90-hour salesperson, 45-hour post-license and 90-hour broker courses within the previous three years.
Equivalent experience
Apply for advance Commission approval of the Point Waiver; this is an experience-equivalency pathway, not an examination waiver. It is for work in an Oklahoma brokerage.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License role
A broker who is the sole owner of a proprietorship brokerage.
Transaction evidence
Applicant was the principal, transactions were within five years without a brokerage and without an active real estate license; provide executed purchase contracts and settlement records.
Resident licensure with prior broker experience and no reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Board instruction
The lower-ranked February 4, 2026 Broker Proprietor page states: 1) two years or more experience within the last three years with a license held from another state OR 2) you have any amount of experience in the last five years from one of the following states: Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota or South Dakota. The administrative rule uses the previous five years for resident applicants; retain the Board statement for applicant review.
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
No nonresident agreement; at least two years of active broker experience in the preceding five years under OAC 605:10-7-10(a)(2).
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker who is the sole owner of a proprietorship brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Resident licensure as an original applicant with insufficient prior broker experience
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Does not meet resident reciprocal or two-years-in-five broker experience criteria; qualify as an original applicant and complete the entire appropriate broker examination.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker who is the sole owner of a proprietorship brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Original requirements
Complete the original broker or broker-associate education and experience prerequisites, including Commission-approved equivalents where allowed.
Residency
Operate from an Oklahoma place of business.
Resident licensure under an existing reciprocal agreement
Oklahoma Real Estate Broker Examination — State Portion
Agreement
The Commission determines agreement eligibility; current summary lists its reciprocal jurisdictions.
Application
Submit the prescribed application, supporting records and fees for Commission approval.
Approved application period
One year for nonresident applications; ninety days for resident previously licensed applications under the respective administrative rules.
Background check
Submit the national criminal-history check and required citizenship or qualified-alien documentation under OAC 605:10-3-2(a).
Broker in charge
Complete the 15-hour Broker in Charge course required by the January 1, 2026 Broker Application Checklist.
Eligibility
Hold or have held a broker license in good standing in a jurisdiction covered by a Commission nonresident agreement.
Exam timing
An examination application and passing examination results are each valid for one year under OAC 605:10-3-5(e)-(g).
License history
Submit certifications from every licensing jurisdiction. The certification for nonresident licensing is valid for sixty days.
License role
A broker who is the sole owner of a proprietorship brokerage.
License standing
The out-of-state broker license must be in good standing. Nonresident licensing cannot be at a higher level than a current active license held elsewhere.
Oklahoma education
Complete one hour each of Oklahoma Broker Relationships Act and Code and Rules, plus six hours of Oklahoma Contracts and Forms.
Residency
Operate from an Oklahoma place of business.
Transfer of a current license from resident to nonresident
No examination is required for this applicant pathway.
Additional requirements
The Commission determines applicable current-license transfer requirements; this rule names no new examination.
Existing license
Hold a current Oklahoma license.
Location change
Change the place-of-business basis for resident or nonresident status and submit all applicable documents; resident-to-nonresident transfer requires the appropriate change-of-address fee.

Official no-examination sources

Effective from 2026-09-22.

Reapplication following ordinary revocation
Anniversary boundaries
The rule literally uses less than one, more than one but less than three, and more than three years; the Commission must determine treatment at an exact anniversary.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
At least five years after the effective date of ordinary revocation; satisfy original applicant requirements. Automatic revocations follow a separate rule.
Fees
Pay reinstatement fees and license fees for delinquent terms where the rule requires them.
Role
A broker who is the sole owner of a proprietorship brokerage.
Reinstatement of a surrendered or cancelled license during its current term
No examination is required for this applicant pathway.
Status
License term is still current; obtain Commission approval for reissuance.
Submissions
Submit reinstatement fee, transfer-equivalent reissuance fee, required documents and criminal-history background check.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — less than one year
No examination is required for this applicant pathway.
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired less than one year.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker who is the sole owner of a proprietorship brokerage.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following surrender or cancellation with an expired term — more than three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than three years; meet original applicant requirements.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker who is the sole owner of a proprietorship brokerage.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.
Reinstatement following surrender or cancellation with an expired term — one to three years
Approval
Submit the forms, documents and applicable fees required by the Commission.
Continuing education
Thirty hours, including fifteen-hour Broker in Charge course, six hours Contracts and Forms and nine elective hours under OAC 605:10-3-6(k).
Eligibility
Expired more than one but less than three years; complete the appropriate licensing examination and reinstatement application.
Original eligibility
Where original applicant requirements apply, the Commission determines whether original licensure prerequisites or approved equivalents are met.
Role
A broker who is the sole owner of a proprietorship brokerage.
Special requirement
Receive Commission approval for reissuance following surrender or cancellation.

Oklahoma Real Estate Broker Examination — State Portion

Provider
Pearson VUE
Format
Computer-delivered examination at a test center or through OnVUE
Exam questions
50 scored items plus 10 pretest items
Time limit
90 minutes
Passing score
75% scaled
Exam fee
$90 for the state examination; handbook describes a same-order discount for both examinations
Examination outline
  • I. Laws and Rules Affecting Oklahoma Real Estate Practice (Sales 20, Broker 15)
    • A. Authority of the Real Estate Commission
    • B. Acts of the Associates
    • C. Broker License Requirements (Broker Only)
    • D. Associate License Requirements
    • E. Advertising Regulations (including Internet, social networking)
    • F. Contract Law and Statute of Frauds
    • G. Disclosure of Licensed Status
    • H. License Maintenance Requirements
    • I. Complaint Process
    • J. Duty to Account
    • K. License Transfer and Inactive Status
    • L. OREC Notification Requirements
    • M. Education Requirements
    • N. License Renewal Requirements
    • O. Causes for Suspension or Revocation of License
    • P. Prohibited Dealings
    • Q. Unlicensed Activity
    • R. Unlicensed Assistants
  • II. Oklahoma Broker Relationships Act (Sales 8, Broker 8)
    • A. Duties Owed to All Parties
    • B. Duties Owed to Party to Whom Brokerage Services are Provided.
    • C. Broker-Salesperson Relationships
    • D. Tenant-Licensee Relationship
    • E. Confidentiality
    • F. Duties that Survive End of Brokerage Relationship
    • G. Definitions
    • H. Disclosures Regarding Brokerage Duties and Services
  • III. Property Management (Sales 6, Broker 8)
    • A. License Requirements and Exemptions
    • B. Requirements under the Oklahoma Broker Relationships Act
    • C. Property Management Agreements
    • D. Residential/Non-Residential Landlord and Tenant Act
    • D.1. Residential/Non-Residential Landlord and Tenant Act — Trust Accounts and Security Deposits
    • D.2. Residential/Non-Residential Landlord and Tenant Act — Duties of a Landlord
    • D.3. Residential/Non-Residential Landlord and Tenant Act — Personal Property Disposition
    • D.4. Residential/Non-Residential Landlord and Tenant Act — Terms of Lease
    • D.5. Residential/Non-Residential Landlord and Tenant Act — Eviction/Termination of Tenancy
  • IV. Disclosures and Hazards (Sales 6, Broker 5)
    • A. Residential Property Disclosure Statement
    • B. Residential Property Disclaimer Statement
    • C. Licensees Duties
    • D. Exemptions
    • E. Psychologically Impacted Property
  • V. Trust Accounts and Trust Funds (Broker Only 6)
    • A. Duty to Account
    • B. Commingling
    • C. Trust Account Registration and Audits
    • D. Earned Money Disputes
  • VI. Broker Management (Broker Only 8)
    • A. Broker Supervision
    • B. Place of Business
    • C. Advertising – Responsibility to Oversee and Approve
    • D. Trade Names
    • E. Cessation of Business Activities
    • F. Death or Disability of Broker
    • G. Suspended or Revoked Brokers
    • H. Antitrust Issues
Examination sources

Real Estate National/General Examination for Brokers

Provider
Pearson VUE
Format
National/general portion of state real estate broker licensing examinations, scored separately from the state portion; every item is classified as knowledge, application or analysis; candidates who fail retake only the portion they failed
Exam questions
80 scored items plus 5 unscored pretest items
Examination outline
  • I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 5 APPLICATION, 3 ANALYSIS)
    • A. Real property vs. personal property (3 Items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
    • B. Characteristics of real property (2 Items): 1. Economic characteristics — a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs; 2. Physical characteristics — a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness
    • C. Legal descriptions (2 Items): 1. Methods used to describe real property; 2. Survey
    • D. Public and private land use controls – encumbrances (3 Items): 1. Public controls – governmental powers — a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances; 2. Private controls, restrictions, and encroachments — a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments
  • II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (BROKER 8 of 80 scored items; 2 KNOWLEDGE, 3 APPLICATION, 3 ANALYSIS)
    • A. Ownership, estates, rights, and interests (4 Items): 1. Forms of ownership; 2. Freehold estate — a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights; 3. Leasehold estates and types of leases — a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, and etc.; 4. Liens and lien priority; 5. Air surface and sub-surface rights
    • B. Deed, title, transfer of title, and recording of title (4 Items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer — a. Voluntary alienation; b. Involuntary alienation; 4. Recording the title — a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance
  • III. PROPERTY VALUE AND APPRAISAL (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 4 APPLICATION, 4 ANALYSIS)
    • A. Concept of value (3 Items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
    • B. Appraisal process (3 Items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
    • C. Methods of estimating value and Broker Price Opinions (BPO) (4 Items): 1. Sales comparison approach (market data); 2. Cost approach — a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs; 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
  • IV. REAL ESTATE CONTRACTS AND AGENCY (BROKER 15 of 80 scored items; 3 KNOWLEDGE, 6 APPLICATION, 6 ANALYSIS)
    • A. Types of contracts (2 Items): 1. Express vs. implied; 2. Unilateral vs. bilateral
    • B. Required elements of a valid contract (3 Items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
    • C. Contract performance (2 Items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Electronic contracts and digital signatures; 7. Statute of Frauds; 8. Time is of the essence
    • D. Sales contract (2 Items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
    • E. Types of agency and licensee-client relationships (2 Items)
    • F. Creation and termination of agency (2 Items)
    • G. Licensee obligations to parties of a transaction (2 Items)
  • V. REAL ESTATE PRACTICE (BROKER 12 of 80 scored items; 5 KNOWLEDGE, 5 APPLICATION, 2 ANALYSIS)
    • A. Responsibilities of broker (3 Items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
    • B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 Items): 1. Seller representation – Types of listing agreements — a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS); 2. Buyer representation; 3. Property management agreement — a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits; 4. Termination of agreements; 5. Services, fees, and compensation
    • C. Fair Housing (3 Items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
    • D. Risk management (3 Items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance — a. Errors and Omissions; b. General Liability
  • VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (BROKER 9 of 80 scored items; 4 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Property conditions and environmental issues (5 Items): 1. Hazardous substances — a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance; 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) — a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection
    • B. Environmental and property disclosure obligations and liability (4 Items)
  • VII. FINANCING AND SETTLEMENT (BROKER 8 of 80 scored items; 3 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Financing concepts and components (2 Items): 1. Methods of financing — a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed; 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
    • B. Lender Requirements (2 Items): 1. FHA requirements; 2. VA requirements; 3. USDA loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
    • C. Federal Financing Regulations and Regulatory Bodies (2 Items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) — a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD); 3. Real Estate Settlement Procedures Act (RESPA) — a. Referrals; b. Rebates; 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
    • D. Settlement and closing the transaction (2 Items)
  • VIII. REAL ESTATE MATH CALCULATIONS (BROKER 8 of 80 scored items; 3 APPLICATION, 5 ANALYSIS)
    • A. Property area calculations (1 Item): 1. Square footage; 2. Acreage total
    • B. Property valuation (2 Items): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Gross rent multiplier; 5. Gross income multiplier; 6. Equity in property; 7. Establishing a listing price; 8. Assessed value and property taxes
    • C. Commission/compensation (1 Item)
    • D. Loan financing costs (1 Item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
    • E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
    • F. Investment (1 Item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
    • G. Property management calculations (1 Item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources