Preparing a Market Analysis - Best Practices (3hr)
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- Using expired and active listings to inform pricing strategy
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
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