Oklahoma Interstate Real Estate Guide
Out of State Licensee (OSL) Participation in deals:  
Physical Location State

Oklahoma​ Out of State Broker Cooperation

- An out-of-state licensee can share a commission with the Oklahoma licensee, as long as all licensed services for which the out-of-state licensee receives compensation are performed in out-of-state licensee's state of licensure.
- An out-of-state licensee can bring a lawsuit to recover a commission.
Oklahoma​ Real Estate License Types
Oklahoma​ ​​Real Estate Exam Providers
Oklahoma​ Real Estate Waivers
Real Estate Broker Associate
Real Estate Broker - Sole Proprietor
Real Estate Managing Broker
​PSI Exams
​Education Waiver
​Experience Waiver
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Oklahoma​ Real Estate Reciprocity

Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota, South Dakota.
Confirmed by the Oklahoma Real estate Commission

Specific to Oklahoma​ Real Estate 

​- DUAL AGENCY BANNED, TRANSACTION ALLOWED

Oklahoma​ Reverse Reciprocity

​These states specifically mention Oklahoma in their Reciprocity: 
Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota, South Dakota

These States recognize any other State licenses but may have additional requirements: 
​Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennessee, Vermont, Washington

Oklahoma​ Real Estate Customs

Title companies, lenders, real estate agents, and attorneys may conduct closings.
Conveyance is by warranty deed. Mortgages are the usual security instruments.
Foreclosures may be by judicial action or by power of sale if properly allowed for in the security instrument.
Oklahoma uses ALTA policies and endorsements.
Buyers and sellers share the closing costs, except that the buyer pays the lender’s policy premium, the seller pays the documentary transfer tax, and the lender pays the mortgage tax.
Property taxes may be paid annually on or before the last day of the year or semi-annually.