FAQS

FREQUENTLY ASKED QUESTIONS

  1. DO I STILL HAVE TO PAY MY LOCAL BOARD, OAR AND NAR DUES?

  • No. You will no longer be a Realtor®, you will be a licensed real estate agent in the State of Oklahoma.

2.DO I STILL HAVE MLS ACCESS AND PAY MY

MLS DUES?

  • No. You are no longer a member of a local board and will not have access to the MLS.

3.CAN I STILL DO PRODUCTION?

  • No. If your license hangs at Professional Real Estate Referral Network, you are not permitted to produce in any capacity except through collecting referral fees.

4.DO I STILL HAVE TO MAINTAIN MY CONTINUING ED FOR MY ACTIVE LICENSE?

  • Yes, you will still be required to complete 21 hours of CE every 3 years to maintain your active Oklahoma Real Estate license.

5.WHAT DOES IT COST TO RENEW MY LICENSE WITH OREC?

  • Currently (Eff. Nov 1 2023) the cost is $95/every three years. See orec.ok.gov “Fee Sheet” for current license renewal fees.

6.DO I HAVE TO PAY MONTHLY DUES TO THE BROKERAGE?

  • No. Professional Real Estate Referral Network does not charge monthly fees. However, the company reserves the right to change this policy at any time.

7.CAN I SELL MY PERSONAL REAL ESTATE PROPERTY?

  • Personal RE property must be referred out. However, Professional Real Estate Referral Network does not dictate what percentage you charge for a referral fee.

8.I HAVE MORE QUESTIONS, WHO CAN I CONTACT?