Advocating for Short Sale Clients
Tactics that work with motivated, excited sellers don't always translate well when working with short sale sellers and short sale buyers. Add lender approvals, junior lien holders, and inflexible timelines into the mix, and you end up with a whole new ball game.
In a short sale transaction, the motivation for each party is different than the standard transaction, and as the professional in the scene, you need to adjust accordingly. This course speaks to your interaction with short sale sellers, and how you can help them through a tough process while diligently advocating on their behalf. We cover how to figure out an appropriate listing price, negotiate with the lender's representative, sort through debt settlement terminology, and carry the deal through to closing. We also look at the process from a buyer's agent perspective. Additional cautions, considerations, and fraud prevention tactics are required when advocating on behalf of these deal-seeking buyers.
State Requirements For Oklahoma
Oklahoma State Requirement Details for Real Estate Continuing Education
Renewal Date: Every three years within the initial month of licensure.
Effective 6/1/2025 Increase to CE hours requirement
Hours Required: 30 hours comprised of 17 elective hours and 13 core hours in six required subjects:
13 hours should be in the following topics, consisting of no less than:
- six (6) hours of Contracts and Forms,
- three (3) hours in Professional Conduct, and
- one (1) hour in Broker Relationships Act,
- one (1) hour in Fair Housing,
- one (1) hour in Code and Rules and;
- one (1) hour in Hot Topics/Current Issues.
Provisional Sales Associate Post-Licensing: Provisional Sales Associates have a separate and unique post-licensing requirement of 45 hours which must be completed prior to their first license expiration date. Provisional Sales Associates are not required to complete real estate Continuing Education for their first renewal cycle.
Oklahoma Real Estate Commission
Street Address: 1915 N Stiles Ave #200 Oklahoma City, OK 73105
Telephone: 405.521.3387