Burroughs Real Estate School

Marie Burroughs School of Real Estate

Category: Updates and New For Real Estate Pros

Real Estate License Applications Process

Oklahoma Real Estate Commission New Fingerprint Service as of April 5, 2019

Beginning April 5, 2019, all original and reinstatement applicants must use the IdentoGO electronic fingerprinting service provided by IDEMIA. An applicant can schedule a short 10-minute appointment to submit their fingerprint-based national criminal history record check at a local IdentoGO center.

Please note that after April 5, 2019, the Oklahoma Real Estate Commission will no longer accept fingerprint cards via mail (USPS, FedEx, UPS, etc.). IDEMIA will collect all costs associated with the national criminal history record check.

The applicant will receive pricing information, methods of payment, identification requirements, and the location of the IdentoGO enrollment center during the appointment scheduling process.

To schedule a required appointment, please direct all applicants to https://ok.ibtfingerprint.com with the following instructions:

1. Select “Schedule a New Appointment”

2. Select “Oklahoma Real Estate Commission” from the agency dropdown list

3. Follow the screen prompts to complete the scheduling of your appointment, and then visit the IdentoGO center at your scheduled date, time, and location.

Looking to get your Oklahoma Real Estate License. Burrough School or Real Estate has your Online Real Estate License Pre-Licensing Class Start Today and work at your own pace.

Oklahoma Real Estate License Course

Due to the Covid 19 virus and social distancing, all of the In-House courses will be taught by Virtual Classroom using the GoToMeeting platform.

The GoToMeeting class are LIVE classes.

The weekday classes are Monday-Friday 9:00-6:30pm

Fridays 5:00-9:30pm, Saturday and Sundays 9:00-6:30pm

To enroll for the In-House Basic and/or Broker class click here. After you enroll make appointment to come by office and pick up the books and study materials. Thanks. 405-848-8671

Live class schedule.

Our In-house real estate class fills up fast, and it’s first come first served bases. Purchase your Course ASAP to secure a seat.

Call or Email us if you have any questions. 405-848-8671

Email candice@burroughsco.com

Don’t have time for the classroom-style Class ONLINE REAL ESTATE CLASSES START ANYTIME CLICK HERE TO REGISTER

90 hour pre-licensing course in house burroughs school of real estate

How to become a realtor in Oklahoma? This Pre-Licensing class is where you start. Burroughs is one of the best Oklahoma Real Estate School and has been since 1974,

Real Estate License

Here are some questions we get asked and we have answers for all of them in our blogs.

What is the best real estate course?

How to get my real estate license in Oklahoma?

Real Estate School or Courses in Oklahoma. Ask us about Free CE classes when you call to register for classes.

Oklahoma real estate continuing education requirements, oklahoma realtor license requirements, real estate post license course,

Highlights From the Profile of Home Buyers and Sellers

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers.

Characteristics of Home Buyers

  • First-time buyers made up 33% of all home buyers, holding steady from last year’s 33%.
  • The typical buyer was 47 years old this year, and the median household income for 2018 rose again this year to $93,200.
  • 12% of home buyers purchased a multi-generational home, to take care of aging parents, because of children over the age of 18 moving back home, and for cost-saving.
  • 20% of recent home buyers were veterans and 3% were active-duty service members.

Characteristics of Homes Purchased

  • Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 39%. Buyers who purchased previously-owned homes were most often considering a better overall value at 33%.
  • Home prices increased slightly this year to a median of $257,000 among all buyers. Buyers typically purchased their homes for 98% of the asking price.
  • The typical home that was recently purchased was 1,850 square feet, had three bedrooms and two bathrooms, and was built in 1990.
  • Heating and cooling costs were the most important environmental features for recent home buyers, with 85% finding these features at least somewhat important.

The Home Search Process

  • For 44% of recent buyers, the first step that they took in the home buying process was to look online at properties for sale, while 16% of buyers first contacted a real estate agent.
  • The typical buyer who did not use the internet during their home search spent only 4 weeks searching and visited 4 homes, compared to those who did use the internet and searched for 10 weeks and visited 10 homes.
  • Among buyers who used the internet during their home search, 87% of buyers found photos and 85%found detailed information about properties for sale very useful.

Home Buying and Real Estate Professionals

  • 89% of buyers recently purchased their home through a real estate agent or broker, and 5% purchased directly from a builder or builder’s agent.
  • Having an agent to help them find the right home was what buyers wanted most when choosing an agent at 52%.
  • 75% of buyers interviewed only one real estate agent during their home search.
  • 90% of buyers would use their agent again or recommend their agent to others.

Financing the Home Purchase

  • 86% of recent buyers financed their home purchase. Those who financed their home purchase typically financed 88%.
  • First-time buyers who financed their home typically financed 94% of their home compared to repeat buyers at 84%.
  • For 60% of buyers, the source of the downpayment came from their savings38% percent of buyers cited using the proceeds from the sale of a primary residence, which was the next most commonly reported way of securing a downpayment.

Home Sellers and Their Selling Experience

  • For all sellers, the most commonly cited reason for selling their home was the desire to move closer to friends and family (16%), that it was too small (13%), and a job relocation (11%).
  • 89% of home sellers worked with a real estate agent to sell their home.
  • For recently sold homes, the final sales price was a median of 99% of the final listing price.
  • 34% of all sellers offered incentives to attract buyers.

Home Selling and Real Estate Professionals

  • 75% of recent sellers contacted only one agent before finding the right agent they worked with to sell their home.
  • 89% of sellers listed their homes on the Multiple Listing Service (MLS), which is the number one source for sellers to list their home.
  • 75% of sellers reported that they provided the agent’s compensation.

For-Sale-by-Owner (FSBO) Sellers

  • The median age for FSBO sellers is 60 years65% of FSBO sales were by married couples that have a median household income of $94,000.
  • FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $200,000 last year (the same as the year prior), and significantly lower than the median of agent-assisted homes at $280,000.
  • FSBO homes sold more quickly on the market than agent-assisted homes. 58% of FSBO homes sold in less than two weeks—often because homes were sold to someone the seller knows.

Aspiring Buyers

  • Among non-owners, 74% of those surveyed are currently renters and 26% currently live with someone else without paying housing costs.
  • 57% of non-owners believe it would be at least somewhat difficult to become a homeowner based on their current financial situation.
  • 78% of non-owners believe homeownership is a good financial decision.
  •  Non-owners believe homeownership is part of their American Dream, at 75%. Additionally, 81% of non-owners want to own a home in the future.

This is is from NAR.REALTOR Research and Statistics Just Sharing as a members of the NATIONAL ASSOCIATION of REALTOR®

If you’d like to get more updates about the industry, let us know.




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