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How long does it take to become a real estate agent?
How do I get my Ohio real estate license? 1. Complete your required education. You must have a high school diploma or equivalent (if you were born after 1950) and successfully complete 120 hours of approved real estate education within a ten-year time frame immediately preceding your application.
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An applicant for an Ohio salesperson’s license should submit: Looking to become a real estate salesperson? Click here to see the rules and requirements to obtain a license.
- Overview
- What do real estate agents do?
- How to become a real estate agent in Ohio
- How much do real estate agents make in Ohio?
- What's the job outlook for real estate agents?
Real estate agents are property professionals who help clients looking to buy or sell estates. Agents in this role need to understand state and federal property laws, so they need licensing in their state of employment to qualify for their positions. Learning about how to earn your real estate license in Ohio can help you start a career in this field.
In this article, we describe the daily duties of real estate agents, explain the process for how to become a real estate agent in Ohio and provide details about the average salaries and career outlook for these professionals.
Real estate agents work with clients looking to buy or sell properties and help them finalize transactions successfully. Agents use their knowledge of property laws and regulations, contract negotiation and sales tactics to help their clients manage estate sales. These professionals can work in a variety of specialties and subspecialties. For example, real estate agents may work with commercial real estate, residences or both. They can also work within niche markets, like luxury homes or farmland. Although agents can work in different real estate markets, they often perform similar duties. Here are some general responsibilities for real estate agents:
•Researching current market trends and using that knowledge to meet client needs and sales transactions
•Having meetings with buyers and sellers to understand their goals and needs or to negotiate transactions
•Writing contracts and reviewing them for updates during negotiations
•Helping clients understand the legal process of inheriting properties
•Completing and filing paperwork on the clients' behalf as needed
1. Know the pre-licensing requirements and create a career plan
The first step toward becoming a real estate agent in Ohio is to know the pre-licensing requirements. Real estate agents in Ohio need to be at least 18 years old, have a high school diploma or its equivalent and have the legal right to work in the United States. Additionally, candidates need to pass a background check. After meeting these qualifications, you can become eligible to enroll in the state-approved training course. If you're looking to start a real estate career, it can help to develop a career plan. Since it takes time to complete your licensing requirements, having a plan allows you to stay focused and measure your progress toward your goals. For example, research how long it takes to complete each stage of the licensing process. It may take a few months to complete your training course, and you may plan to spend time studying for the licensing exam before taking it. Establishing a timeline for earning your license can help you make progress toward your goals. Related: 12 Reasons To Become a Real Estate Agent (With Career Tips)
2. Enroll in a state-approved training course
Real estate agents need to complete a 120-hour training course before they can move on to the next stage of licensure. This course takes an average of two to three months to complete. Students study subjects related to real estate principles and practices, Ohio real estate law, real estate finance and property appraisals. Completing this coursework helps students gain a foundation of knowledge in real estate laws and practices that they need to perform effectively in their careers. In Ohio, students have the option of completing their coursework through an online program or in a traditional classroom setting. After completing their coursework, students also need to pass the final exams for each of their classes. They also need to take a comprehensive final that combines questions from each course. Students need to pass their exams with at least a 70% to earn credit for completing them. Once they finish their education, the completion records remain valid for 10 years, meaning students can pursue the next stages of licensure without needing to repeat their coursework as long as it's within 10 years of finishing the training. Related: Pros and Cons of Being a Real Estate Agent
3. Find a sponsoring broker
New real estate agents need to secure sponsorship from a broker before they can move forward in the license application process. A broker is a real estate professional with advanced credentials that allow them to own and operate independent real estate firms. Gaining sponsorship means having the support of a broker who can provide you with employment and mentorship as you become established in the field. Candidates need to secure a sponsoring broker to sign off on their license application before the Ohio Division of Commerce can approve the application. Related: 10 Reasons Why You Need a Mentor
The average salary for real estate agents in Ohio is $101,992 per year. This salary average can vary based on your setting of employment, level of education, years of experience and market specialty. Additionally, real estate agents typically earn their salaries based on commission. Those who charge a higher commission percentage, sell high-priced properties or sell many estates may earn more than others. Agents who sell niche properties or luxury estates may earn more than others because these properties typically cost more. For example, agents who sell luxury homes may earn a higher salary based on commissions.
For the most up-to-date salary information from Indeed, click on the link provided.
The U.S. Bureau of Labor Statistics projects a 4% increase in the job outlook for real estate agents between 2020 and 2030. This increase can also vary based on your geographic location and market of specialty. In particular, the demand for real estate agents can fluctuate based on national and local economic conditions and market trends. For example, the market for residences in urban areas may be greater under some economic conditions, while the demand may be greater for suburban or rural residences at other times. Accounting for these changes can help real estate agents adapt to market conditions.
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The Ohio Division of Real Estate and Professional Licensing, Department of Commerce, issues professional licenses to the following: Real estate salespersons, brokers and appraisers. To receive a state license, an applicant must meet the following requirements: Be at least 18 years of age.
COLUMBUS, Ohio — The Ohio Department of Commerce Division of Real Estate and Professional Licensing is excited to announce that Ohioans can now apply to be a new real estate salesperson online. The new service becomes available as the Division handled more than 7,000 new license applications in 2021, a 37% increase from 2019.
To earn your real estate license in Ohio, you must have a high school diploma (if you were born after 1950), successfully complete 120 hours of approved prelicensing education at a degree-granting school, obtain a sponsoring broker, and pass the licensing exam.
Jan 6, 2023 · Step 1: Complete the Ohio 120-hour Real Estate Pre-licensing Course. What Are The Best Online Real Estate Schools in Ohio? Step 2: Take and Pass The State of Ohio Final Real Estate Exam. How Do You Schedule the Ohio Real Estate Exam? What Do You Bring To The Ohio Real Estate Exam? What To Expect on The Ohio Real Estate Exam?
