Broker Management (Broker Only)
Eight of the fifty state items, again on the broker examination only. Together with Trust Accounts this area is fourteen of fifty - twenty-eight percent of the Oklahoma state portion that no salesperson bank covers at all.
Supervision and the place of business
OAC 605:10-1-2 defines the broker as the person "whom the Commission shall hold responsible for all actions of associates who are assigned to said broker," and 605:10-9-1(a) requires the broker to "be available to manage and supervise" the brokerage practice. The place of business must be at least one enclosed room or building of stationary construction where transactions of others can be conducted with privacy and where the broker's books, records and files are kept; it may be in the broker's residence; it must be available to the public during reasonable business hours; and the broker registers a physical address and office telephone number. Associates may not have a place of business of their own. Each additional location is a branch office requiring its own license under the direction of a separate broker (858-310), and an office identification sign must carry the broker's name or registered trade name in letters not less than one inch high.
Trade names, teams and advertising oversight
All trade names used in real estate activity must be registered in writing with the Commission "prior to the trade name being advertised or displayed in any way," with a twenty-five-dollar fee, and deleted or unused names must be reported; the Commission may refuse a name likely to confuse the public. Teams register separately at a hundred dollars, must contain the word "team" or "group," and must be registered before the team performs any licensable activity. All advertising by an associate or a team must be under the direct supervision of the broker, and the broker's reference must be at least fifty percent or larger than any associate or team reference. No property may be advertised without the owner's permission carrying a definite expiration date. A broker operating under a franchise name must show the franchise name together with the broker's own name or registered trade name, and institutional franchise advertising must say each office is independently owned and operated.
Winding down: cessation, death and disability
On ceasing all or part of its real estate activities a firm must notify the Commission in writing of the effective date and where records will be stored, return or destroy the license certificates, file release forms for every affiliated licensee, transfer the broker's own license or place it inactive, notify all listing and management clients and the parties and co-brokers on existing contracts, and stop all advertising and remove offering signs within thirty days (OAC 605:10-13-1(n), 605:10-9-7). Trust funds and pending contracts stay with the responsible broker until consummation and final proper disbursal, after which the account is closed and the Commission notified; transferring them to another broker requires written Commission approval and new agreements from all parties. On the death or disability of a sole proprietor all brokerage activity ceases and a family attorney or representative performs the same steps, retaining trust money "under the control of the administrator, executor or co-signer on the account" until all parties agree in writing or a court orders disposition (605:10-9-6).
Suspended and revoked brokers, and the antitrust line
When a broker's license is suspended or revoked the associates under that broker go automatically inactive for the period unless they ask to transfer to another broker; the same applies to a branch office and its licensees. Listings must be canceled between receipt of the order and its effective date and are void thereafter, and may not be assigned elsewhere without the owner's written consent. All advertising stops, the office telephone may not be answered as though the broker were active, pending contracts and monies transfer to another responsible broker as the Commission approves, and a Commission representative visits the office before the effective date. Section 858-312.1 bars the disciplined person from any participating interest in a licensed real estate business, and 858-307.3 bars reapplication for five years after revocation. On rates, OAC 605:10-17-1(a) is categorical: "the Commission shall not establish the rate of commissions to be charged for real estate services and shall have no interest therein." Section 858-359(D) adds that nothing requires a broker or an owner of record to offer compensation to any other licensee, while 858-353(A)(7) requires the compensation actually agreed to be disclosed in writing before the contract takes effect.
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State-specific details
State exam facts
- State regulator
- Oklahoma Real Estate Commission (OREC)
- Exam vendor
- Pearson VUE
- Prelicensing education
- 90 clock hours of advanced instruction + the 15-hour Broker in Charge course
- Passing score
- 75% scaled on each portion
- Scored questions
- 130
- Time limit
- 240 minutes
Who regulates real estate brokers in Oklahoma?
The Oklahoma Real Estate Commission (OREC) licenses brokers, broker associates, sales associates, and provisional sales associates under 59 O.S. §§ 858-101 et seq. OREC's exams are delivered by Pearson VUE, which replaced PSI; the current Oklahoma content outline took effect April 2, 2024.
What experience do I need before the Oklahoma broker exam?
Under 59 O.S. § 858-303, a broker applicant needs two years of active licensure within the previous five years (or its equivalent) AND documentation verifying ten completed real estate transactions within the past five years, on top of 90 clock hours of advanced real estate instruction and the Broker in Charge course.
How is the Oklahoma broker exam structured?
Two separately scored portions delivered by Pearson VUE: a national portion of 80 scored items plus 5 pretest items in 150 minutes, and an Oklahoma state portion of 50 scored items plus 10 pretest items in 90 minutes. A scaled score of 75% is required on each. Salesperson candidates take a 40-item state portion and need 70% — the higher broker standard is OREC's own long-standing rule at OAC 605:10-3-5(f), not a 2024 change. Two of the six state areas, Trust Accounts and Trust Funds and Broker Management, are broker-only and account for 14 of the 50 state items.
Sources: https://oklahoma.gov/orec.html, https://www.pearsonvue.com/us/en/ok/realestate.html, https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/093800.pdf, https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/093801.pdf, https://oklahoma.gov/content/dam/ok/en/orec/documents/meetings/Nov%201%202025%20Oklahoma%20Real%20Estate%20Commission%20Code%20and%20Rules%20Book.pdf
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