Oklahoma Real Estate Commission Shepherd Mall 2401 NW 23rd Street, Suite 18 Oklahoma City, Oklahoma -2025

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  1. Click ‘Get Form’ to open the Equivalent Experience Point Waiver Form in the editor.
  2. Begin by filling out your personal information at the top of the form, including your name, address, and contact details.
  3. In the 'Education' section, select one option that applies to you and attach a certified college transcript as proof.
  4. Proceed to the 'License Experience' section. Document any previous active license experience you have had within the last 10 years.
  5. Next, detail your 'Transaction Experience.' List any documented residential or commercial transactions where you were a principal without assistance from a real estate licensee.
  6. Complete the 'Property Management Transaction Experience' section if applicable, detailing your management experience over the past seven years.
  7. Fill in any relevant governmental or allied field experience in their respective sections.
  8. Finally, calculate your total points and sign the application at the bottom before submitting it for review.

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Real estate commissions are usually calculated based on a percentage thats multiplied by the contract selling price of the home. For example, if the total commission percentage in your listing agreement is 6% and the selling price of your home is $500,000, the total commission fee would be $30,000.
How Do Real Estate Agents Get Paid? Home Sale Price6% Real Estate Commission50% to Listing Agent Brokerage 50% to Buyers Agent Brokerage $500,000 $30,000 $15,000 to each $400,000 $24,000 $12,000 to each $300,000 $18,000 $9,000 to each $100,000 $6,000 $3,000 to each1 more row
The bill prohibits real estate service agreements longer than one year, makes these agreements non-recordable in the deed or property record, and blocks liens or claims against a property by a party that is not the owner. The bill went into effect November 1, 2024.
When selling a house in Oklahoma, the average total realtor fees due at closing are 6.12% of the homes sale price. For context, if you sell a home that costs $160,000, youd typically pay around $9,792 in realtor fees; $20,196 for a $330,000 home; and $33,048 for a $540,000 home.
Currently, the national average real estate agent commission is 5.57 percent total, according to September 2025 data from Clever Real Estate. The average split is 2.82 percent to the listing agent (representing the seller) and 2.75 percent to the buyers agent.
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Average total real estate commission in Oklahoma is 6.12% of the home sale price. This includes an average of 3.06% for the selling agent plus an average of 3.06% for the buyers agent. Heres what 6.12% works out to for three different price points: $9,792 in agent fees on a $160,000 home.
Members of the Oklahoma Real Estate Commission shall be appointed by the Governor with the advice and consent of the Senate. B. Members of the Commission shall serve until their terms expire. The terms of the Commission members shall be for four (4) years and until their successors are appointed and qualified.

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