How To Become An Oklahoma Real Estate Agent
Download MP3Welcome to the Oklahoma Living and Real Estate Show. I’m your host, Tim Dumas with eXp Realty here in Oklahoma. Today's show is about me sharing the basics of becoming a real estate agent.
Becoming a Real Estate Agent in Oklahoma: A Step-by-Step Guide
Are you passionate about the world of real estate and dream of helping people find their perfect homes or investment properties? Becoming a real estate agent in Oklahoma can be a rewarding career choice that allows you to work independently, be your own boss, and make a difference in people's lives. If you're ready to embark on this exciting journey, here's a step-by-step guide to help you achieve your goal:
**Step 1: Meet the Basic Requirements**
Before diving into the process, make sure you meet the basic requirements set forth by the Oklahoma Real Estate Commission (OREC). To become a licensed real estate agent in Oklahoma, you must:
1. Be at least 18 years old.
2. Possess a high school diploma or equivalent.
3. Be a legal resident of the United States.
4. Have no felony convictions or convictions related to fraud or dishonesty.
**Step 2: Complete Pre-Licensing Education**
To become a licensed real estate agent, you are required to complete a certain number of hours of pre-licensing education from an OREC-approved education provider. In Oklahoma, you'll need to complete 90 hours of pre-licensing courses.
These courses cover essential topics such as real estate principles, practices, contracts, financing, property management, and other key aspects of the real estate industry. It's crucial to pay close attention during these classes, as the knowledge gained will form the foundation of your real estate career.
**Step 3: Choose a Brokerage**
Real estate agents in Oklahoma are required to work under a licensed real estate broker. Finding the right brokerage to affiliate with is a significant step in your journey. Look for a brokerage with a good reputation, a supportive and experienced team, and a strong training program for new agents.
Consider reaching out to different brokerages, meeting with their representatives, and asking questions about the support they offer, commission splits, and any fees associated with joining their team. Remember, the right brokerage can significantly impact your success and growth as a real estate agent.
**Step 4: Submit Your License Application**
After completing your pre-licensing education and finding a brokerage, you can now submit your real estate license application to the Oklahoma Real Estate Commission. The application process involves providing documentation, including transcripts from your pre-licensing courses and a criminal background check. Make sure to follow the instructions carefully and pay any necessary fees.
**Step 5: Pass the State Licensing Exam**
Once your application is accepted, you will be eligible to take the Oklahoma real estate licensing exam. The exam will test your knowledge of the topics covered in your pre-licensing education. Consider taking additional exam prep courses or utilizing study materials to increase your chances of passing on the first attempt.
**Step 6: Obtain Errors and Omissions Insurance**
Before activating your license, you'll need to obtain errors and omissions (E&O) insurance. This type of insurance protects you from liability in case a client makes a claim against you for errors or omissions in your professional services. Your brokerage may have specific recommendations for E&O insurance providers, so be sure to inquire with them.
**Step 7: Activate Your License and Join the Realtors Association**
Once you've passed the licensing exam and obtained E&O insurance, you can activate your real estate license and officially start working as a real estate agent in Oklahoma. You'll also need to join the Oklahoma Association of Realtors and the National Association of Realtors, which will provide you with access to valuable resources, networking opportunities, and industry updates.
**Step 8: Continue Learning and Growing**
Congratulations! You're now a licensed real estate agent in Oklahoma. However, the learning process doesn't stop here. To stay competitive and successful in the ever-evolving real estate market, make a commitment to ongoing education. Attend workshops, seminars, and webinars to expand your knowledge, sharpen your skills, and stay up-to-date with the latest industry trends.
Additionally, focus on building your professional network and marketing your services effectively. Utilize social media, create a professional website, and consider traditional marketing methods to reach potential clients.
Remember, real estate is a people-oriented business, so providing exceptional customer service, being honest, and maintaining a strong work ethic are keys to long-term success.
Are you passionate about the world of real estate and dream of helping people find their perfect homes or investment properties? Becoming a real estate agent in Oklahoma can be a rewarding career choice that allows you to work independently, be your own boss, and make a difference in people's lives. If you're ready to embark on this exciting journey, here's a step-by-step guide to help you achieve your goal:
**Step 1: Meet the Basic Requirements**
Before diving into the process, make sure you meet the basic requirements set forth by the Oklahoma Real Estate Commission (OREC). To become a licensed real estate agent in Oklahoma, you must:
1. Be at least 18 years old.
2. Possess a high school diploma or equivalent.
3. Be a legal resident of the United States.
4. Have no felony convictions or convictions related to fraud or dishonesty.
**Step 2: Complete Pre-Licensing Education**
To become a licensed real estate agent, you are required to complete a certain number of hours of pre-licensing education from an OREC-approved education provider. In Oklahoma, you'll need to complete 90 hours of pre-licensing courses.
These courses cover essential topics such as real estate principles, practices, contracts, financing, property management, and other key aspects of the real estate industry. It's crucial to pay close attention during these classes, as the knowledge gained will form the foundation of your real estate career.
**Step 3: Choose a Brokerage**
Real estate agents in Oklahoma are required to work under a licensed real estate broker. Finding the right brokerage to affiliate with is a significant step in your journey. Look for a brokerage with a good reputation, a supportive and experienced team, and a strong training program for new agents.
Consider reaching out to different brokerages, meeting with their representatives, and asking questions about the support they offer, commission splits, and any fees associated with joining their team. Remember, the right brokerage can significantly impact your success and growth as a real estate agent.
**Step 4: Submit Your License Application**
After completing your pre-licensing education and finding a brokerage, you can now submit your real estate license application to the Oklahoma Real Estate Commission. The application process involves providing documentation, including transcripts from your pre-licensing courses and a criminal background check. Make sure to follow the instructions carefully and pay any necessary fees.
**Step 5: Pass the State Licensing Exam**
Once your application is accepted, you will be eligible to take the Oklahoma real estate licensing exam. The exam will test your knowledge of the topics covered in your pre-licensing education. Consider taking additional exam prep courses or utilizing study materials to increase your chances of passing on the first attempt.
**Step 6: Obtain Errors and Omissions Insurance**
Before activating your license, you'll need to obtain errors and omissions (E&O) insurance. This type of insurance protects you from liability in case a client makes a claim against you for errors or omissions in your professional services. Your brokerage may have specific recommendations for E&O insurance providers, so be sure to inquire with them.
**Step 7: Activate Your License and Join the Realtors Association**
Once you've passed the licensing exam and obtained E&O insurance, you can activate your real estate license and officially start working as a real estate agent in Oklahoma. You'll also need to join the Oklahoma Association of Realtors and the National Association of Realtors, which will provide you with access to valuable resources, networking opportunities, and industry updates.
**Step 8: Continue Learning and Growing**
Congratulations! You're now a licensed real estate agent in Oklahoma. However, the learning process doesn't stop here. To stay competitive and successful in the ever-evolving real estate market, make a commitment to ongoing education. Attend workshops, seminars, and webinars to expand your knowledge, sharpen your skills, and stay up-to-date with the latest industry trends.
Additionally, focus on building your professional network and marketing your services effectively. Utilize social media, create a professional website, and consider traditional marketing methods to reach potential clients.
Remember, real estate is a people-oriented business, so providing exceptional customer service, being honest, and maintaining a strong work ethic are keys to long-term success.
Real Estate News:
A New $2 billion Oklahoma theme park has been announced named the American Heartland Theme Park and Resort. It's going to be over 1000 acres and located in Vinita which in the northeastern part of Oklahoma. It is scheduled to open in 2026. Mansion Entertainment Group is heading up the project.
The amusement park itself will cover 125 acres which is comparable in size to Florida's Magic Kingdom and Disneyland in California.
Link:
CBS Article on Oklahoma Theme Park
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"The Chickasaw Cultural Center presents the Native Creativity Fashion Show featuring wearable art inspirations through interwoven threads of fashion designs by First American designers from across the globe.
The show begins at 2 p.m. in the Anoli’ Theater. Featured designers will offer sales booths in the theater lobby following the show."
The show begins at 2 p.m. in the Anoli’ Theater. Featured designers will offer sales booths in the theater lobby following the show."
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If there’s anything in the world I can help you with regarding buying or selling a home, please reach out to me at (405) 352-8186.
Quote:
“If you don’t like how things are, change it! You’re not a tree.”
― Jim Rohn
Have a great day and God bless.
Tim Dumas
REALTOR® with eXp Realty
Cell: (405) 352-8186
Office (888) 560-3964 ext: 907
