Oklahoma Real Estate Documents

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Commonly Asked Questions about Oklahoma Real Estate Documents

The Oklahoma Real Estate Commission is the authoritative regulatory body responsible for issuing real estate licenses and enforcing the Real Estate License Code and Rules within the state. The Commissions mission is to protect the public from fraudulent, deceptive, or dishonest real estate practices.
The Texas Broker-Lawyer Committee consists of six members appointed by TREC. They write and revise all contracts that TREC promulgates. Before TREC even considers a contract form for promulgation, the Broker-Lawyer Committee must identify a real estate transaction requiring a standardized contract.
Rent/lease to own, or contract for deed, agreements are housing contracts in Oklahoma. These contracts are seen as constructive mortgages, which are not actual mortgages, but can be just as binding. They are attractive to home buyers who may not qualify for a traditional mortgage or have been denied in the past.
The Oklahoma Real Estate Commission (OREC) maintains multiple forms which real estate buyers, sellers, agents, and brokers can use to handle real estate transactions and leases. Each year, OREC makes a few changes to update forms as needed.
The Oklahoma Real Estate Commission is a non-appropriated agency that serves as the sole government entity to regulate and issue all real estate licenses in the State of Oklahoma.
The statute of frauds requires contracts that contain a right or interest in real property to be in writing in order to be enforceable. These types of agreements would be purchase contracts, deeds, easements and options. The listing agreement and the buyer broker agreement are employment agreements.
To get your real estate license in Oklahoma you need to: Complete 90 hours of approved Oklahoma Pre-Licensing education. Schedule and pass the Oklahoma Salesperson Exam. Submit your fingerprints and pass the background check. Complete the Oklahoma Provisional Sales Associate Application. Find a sponsoring broker.
The following states are currently non-disclosure states: Alabama, Alaska, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah, and Wyoming.