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New Realtors president plans state, local impact

In January, Nels Petersen took over as president of the Oklahoma City Metro Association of Realtors.
Oklahoman Published: February 8, 2014

Nels Petersen followed his head to Oklahoma City — a smart professional opportunity in the mortgage industry — but he stayed because he found out his heart was here, too.

In 2007, when Petersen was ready to move on from “the mortgage side” — a loan processing company that he’d helped to establish — he knew he loved working with residential properties and home ownership, so he acquired two metro-area real estate franchises: RE/MAX Preferred Properties in Northwest Oklahoma City and RE/MAX Associates in Edmond.

In January, Petersen took over as president of the Oklahoma City Metro Association of Realtors.

Working his way up through several service steps and board positions over the years has been “a fun progression” Petersen said.

“I’m always looking for opportunities to work closely with other Realtors,” he said.

To Petersen, the two most important facets of any Realtor’s business are training and networking, and he said it’s the association’s “challenge to provide that service” to nearly 2,800 member associates.

“It just makes business easier” when a Realtor is confident in his training and part of a network of sales professionals with the same goal in mind, Petersen said.

Petersen spent his early career in the U.S. Navy, stationed in California for 12 years before shifting to the Naval Reserve and taking a post in the Washington, D.C., area with the Federal Home Loan Mortgage Corp., known as Freddie Mac.

In 2001, Petersen and his wife Nancy, along with their then 9- and 5-year-old children, made the move to Oklahoma City.

Petersen’s son, Turner, is a recent graduate of Rice University and his daughter, Berkley, is a student at the University of Alabama.

Petersen takes over at the Realtors associaition at a time when the local real estate market is “finally moving back to a normal flow,” he said.

“We were happy that in 2013 the sales volume was up, as well as home values,” he said. “What we need now are listings. It’s a seller’s market.”

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