Oklahoma Real Estate Exam: Everything You Need to Know

If you’re looking to begin a career as a real estate sales associate in Oklahoma, you must learn about the state requirements needed to qualify for a license. 

In this article, we’ll cover everything you need to know about the Oklahoma real estate exam and provide effective tips on how to study for the exam. Here’s a list of what you can expect to gain as you read on:  

• How to schedule the Oklahoma real estate licensing exam 
• The requirements to register for the exam
• The cost of the exam
• Where you can take the exam 
• What is covered on the exam 
• The difficulty level of the exam  

How to Schedule the Oklahoma Real Estate Licensing Exam

To schedule the Oklahoma real estate exam, all aspiring candidates must first meet the following requirements: 

• You must be at least 18 years old.
• You must complete 90 hours of online or “in-classroom” Real Estate Salesperson pre-licensing education at an approved real estate school in Oklahoma, with proof.
• You must have proof of U.S. citizenship.
• You must carry out a fingerprint background check.

After completing your pre-licensing education, you should submit a license application to the Oklahoma Real Estate Commission (OREC). Your application should include a background check processed through IdentoGO and the correct documentation as proof of citizenship.  The commission will review your application within 5 business days.

If your application is approved, you’ll be sent an email containing your Candidate ID information and information on how to contact PSI to schedule your examination. Within 48 hours of this approval, you’ll receive a second email from PSI containing a direct link to schedule your exam online. 

If you’re a first-time user, upon logging on to PSI’s website, you must create an account by providing your candidate ID number, name, email, and password. After creating an account, you should be able to view available examination dates, times, and locations. If you have any questions or require assistance during this process, call PSI at 855-746-8169.

The Oklahoma real estate exam fee costs $75.00. Aside from this, you can expect to spend another $195 during the entire license application process. Here is a breakdown of the overall cost:

• $35 license application fee directly payable to the OREC
• $60 background check fee directly payable to IdentoGO
• $100 license issuance fee for a provisional sales associate license 

Where Do You Take the Oklahoma Real Estate License Exam?

Candidates for the Oklahoma real estate licensing exam are to take their exams at any of the designated PSI testing centers around the state. These locations are as follows:

• Oklahoma City
• Tulsa
• McAlester
• Woodward

Can You Take the Exam Online?

In Oklahoma, you can take the real estate salesperson exam online while monitored by a proctor. You must select the Remote Proctored instead of the Site Proctored option while scheduling your exam on the PSI website. Your computer must also meet a compatibility check at least 24 hours before the examination.

What to Bring on the Day of Your Exam

On the day of your Oklahoma real estate exam, you are expected to bring one form of identification, which includes:

• State-issued driver’s license
• State-issued identification card
• US Government Issued Passport
• US Government Issued Military Identification Card
• US Government Issued Alien Registration Card
• Canadian Government Issued ID

What is on the Oklahoma Real Estate Exam?

The Oklahoma real estate exam is made up of two sections, namely: 

• The national portion, comprising questions based on national real estate principles and practices
• The Oklahoma state-specific portion, comprising questions based on Oklahoma laws, rules, and regulation 

National Portion 

Here are some topics you will come across in the national portion of the exam. The percentage of questions you can expect from each topic is written in front of it:

• Property ownership: 8%
• Land use controls and regulations: 5%
• Valuation and market analysis: 7%
• Financing: 10%
• General principles of agency: 13%
• Property disclosure: 6%
• Contracts: 17%
• Leasing and property management: 3%
• Transfer of title: 8%
• Practice of real estate: 13%
• Real estate calculations: 10%

Oklahoma State Specific Portion 

Here are some topics you will come across in the state portion. The number of questions you can expect per topic is written in front of each topic:

• Laws and Rules Affecting Oklahoma Real Estate Practice: 27
• Oklahoma Broker Relationships Act: 11
• Property Management: 6 
• Disclosures and Hazards: 6

Will There Be Math on the Exam?

Yes, there will be math on the Oklahoma real estate licensing exam. These math questions will be found in the national portion and will be related to basic math concepts, such as Loan-to-Value (LTV) ratios and discount points, as well as calculations on transactions, such as property tax calculations, seller’s proceeds of sale, and commission splits. 

Keep in mind that solving these math problems could be difficult and time-consuming. Therefore, save these questions for the end while you continue to answer the other questions, unless the answers are easy. This allows you to answer more questions and maximize your allocated time. 

Is the Oklahoma Real Estate Exam Hard?

Yes, the Oklahoma real estate exam is hard. In fact, it has a reputation to be one of the hardest real estate licensing exams in the United States. Regardless of how difficult this exam can be, it is not impossible to pass on the first try. To significantly improve your chances of passing, you must make every effort to study for the exam before and after the pre-licensing education.

How Many Questions Are on the Oklahoma Real Estate Exam?

The Oklahoma real estate sales associate exam has a total of 130 multiple-choice questions. 80 of these questions fall under the national portion, while the remaining 50 fall under the state-specific portion. Candidates are given a total of 3 hours to complete the exam. 

Note that 5-10 experimental questions may be added to a candidate's test. Although these questions will not be scored, candidates must answer them within the allocated examination time. These questions are used to evaluate the quality of the exam and develop future licensing examinations. 

The passing score for this exam is 70%, implying that you must get at least 56 answers right on the uniform portion and 35 on the state portion. After submitting the exam, your score will be displayed on the screen, and a score report will be emailed to you. 

If you fail, the score report will contain a diagnostic report highlighting your strengths and weaknesses in the examination, helping you better prepare for a retake. You will also be given an hour at the end of the examination to review the questions you missed. 

What is the Passing Rate for the Real Estate Exam in Oklahoma?

The passing rate for the real estate exam in Oklahoma is 65% for first-time takers. This implies that if 1,000 candidates sit for the exam yearly, about 650 pass the exam. 

It is crucial to remember that passing rates fluctuate annually and may be influenced by factors like exam difficulty, exam content, and candidate preparation. You must, therefore, thoroughly prepare for the exam to give yourself a good chance of passing. 

How Many Times Can You Take the Real Estate Exam?

There is no limit on how many times you can retake the real estate exam in Oklahoma. After a failed attempt, you can schedule a retest on the same day and retake the exam the next day. Note that each attempt to take the exam will cost you $60.

How to Pass the Oklahoma Real Estate Exam

If you have your Oklahoma real estate exam coming up soon, here are four effective study tools that you can adopt in your preparation to increase your chances of passing:

Create a Study Schedule 

Creating a study schedule helps you balance your study sessions with your other daily engagements when preparing for an exam. A well-drafted study schedule will help you manage your time by ensuring that every minute of your time is accounted for.  

When drafting your study schedule, you should consider important factors such as: 

• Your current commitments.
• Your learning style.
• How much ground you have to cover for the exam.
• How much time you have to prepare for the exam.

To create a healthy study schedule for your Oklahoma real estate exam, keep the following in mind:

• Set your study time to periods of the day when you are less busy or distracted, such as early in the morning and late at night. We recommend studying for a little bit every night or at least every other night
• Create a scale of preference to rank the real estate topics you need to cover in order of difficulty and priority
• Input frequent breaks into your study schedule to prevent fatigue 

Use Acronyms and Mnemonic Devices

Acronyms and mnemonic devices are memory aids that break down complex information into smaller and simpler chunks that are easier for the brain to process and remember. Acronyms are formed by taking the first letters of each word in a phrase and forming a word with it. This makes the phrase shorter and easier to remember. For example, a good acronym in real estate is CCIM, which stands for Certified Commercial Investment Member. 

Similarly, mnemonic devices are formed by associating a piece of information with something that can be easily related. A good mnemonic device detailing a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”

• Don’t for Demand
• Utter for Utility
• Silly for Scarcity
• Things for Transferability

Join a Study Group 

Joining a study group is another smart move as you prepare for your Oklahoma real estate exam. Doing this can significantly increase your chances of success and improve your learning process and experience. The following are some advantages of joining a study group:

• It provides you with people to be accountable to about your studying, helping you to be more intentional 
• It can boost your motivation, born out of healthy competition 
• Promotes deeper understanding and retention of material, thanks to active discussions and sharing of resources and ideas between you and other group members

Get Guided Help

The best way to study for the Oklahoma real estate exam is with our study prep package. This package comes with a bundle of tools that you can access online that will make studying for the exam easy.

You get access to: 

• 1,500 Oklahoma real estate exam practice questions
• Customizable practice state exams
• Vocabulary flashcards
• Video explanations
• E-book study guide

You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.

Final Thoughts on the Real Estate Exam in Oklahoma

The Oklahoma real estate exam is an important step in the process of becoming a licensed real estate professional in the state. Passing this exam requires careful preparation and a solid understanding of real estate concepts and practices. To increase your chances of succeeding on this exam, follow the tips above and enroll in a reputable real estate school.

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