The Enid News and Eagle, Enid, OK

February 13, 2011

Local family on the move

3-generation real estate business has met Enid’s needs since 1953

By Joe Malan, Staff Writer
Enid News and Eagle

ENID — On Feb. 1, 1953, N.H. Nicholas started his real estate business in a downtown Enid building at 111 E. Broadway.

After Bud Nicholas earned his real estate license in 1955, he joined his father selling real estate, and, in 1958, his other son, Jim, joined the business.

Fifty-eight years after N.H. first opened his real estate company, ERA Nicholas Real Estate has 18 sales associates and is the oldest active licensed real estate company in Oklahoma.

The company, at 900 W. Maple now, is co-owned by Bud and Jim, and their sons Buddy, Jay and Jimmy have joined them in the business.

No one there is more important than the other, even though Jim and Bud are owners. Rather, Jim said, they are “all Indians and no chiefs.”

“What we’ve done over the years, since we’re all Indians, is we’ve all had our own little space,” Jim said. “I developed residential (business). Bud was commercial.”

Later on, Bud said, the company began developing real estate. He was in charge of developing lots, while Jim marketed them.

In 1972, the business moved to 225 W. Maple for a short time before relocating to its current location in April 1979.

“We had too many people in the building; it was crowded,” Bud said. “We needed more room.”

Since moving to it home on Maple, ERA Nicholas Real Estate has acquired much of the land around the building to easily expand in the future if there is a need.

Several years after the business moved, their sons graduated from college and started working at the family business.

Buddy graduated from Oklahoma State University in 1982 with a business management degree. Jay also went to OSU, graduating in 1984 with finance and economic degrees.

Jimmy attended Phillips University and went into the car sales industry to acquire sales experience before going to work at the real estate business a few years later.

Buddy now works in property management, while Jay works in commercial real estate. Jimmy is a broker in the residential department.

Jim, an owner, jokingly referred to himself as a “salesman.” Bud is a commercial real estate broker.

ERA Nicholas Real Estate has developed dozens of properties, including spearheading Sunset Plaza, La Mesa West and Broadway Plaza projects.

The company has developed the land for Neilson Square, Trails West, 7 Pines, Chestnut West, Chestnut Village, Pheasant Run Golf Course and Thousand Oaks.

ERA Nicholas also does business in Altus, Claremore, Yukon and Oklahoma City.

“I think we’re all lucky to be in Oklahoma,” Jim said. “It’s a great state; things are moving good. We’re also lucky to live in Enid.”

Jay said business in Enid continues to be good and is holding steady. As business grows, ERA Nicholas Real Estate continues to as well.

“We are continually re-modeling something,” Bud said.