Choosing a career as a real estate agent in Ohio can be a fulfilling option, providing you with the chance to have a flexible schedule, earn a good income, and find personal fulfillment. However, to begin assisting people in purchasing and selling properties, it is mandatory to secure a real estate license from the Ohio Division of Real Estate & Professional Licensing.
How to Get a Real Estate License in Ohio
1. Meet the Eligibility Requirements
To be eligible for a real estate license in Ohio, you must meet the following requirements:
- Be at least 18 years old.
- Be a U.S. citizen or legal alien.
- Have a high school diploma or equivalent.
- Be honest, truthful, and of good reputation.
- Not have been convicted of a felony or crime of moral turpitude.
- Not have violated any civil rights laws regarding real estate within the last two years.
2. Complete Pre-Licensing Education
Once you have met the eligibility requirements, you must complete 120 hours of pre-licensing education from a state-approved school. This education will cover topics such as real estate principles and practices, Ohio real estate law, and real estate finance.
3. Find a Sponsoring Broker
Once you have completed your pre-licensing education, you must find a sponsoring broker. A sponsoring broker is a licensed real estate broker who agrees to supervise you as you begin your career as a real estate agent.
4. Apply for a License
Once you have found a sponsoring broker, you can apply for a real estate license with the Ohio Division of Real Estate & Professional Licensing. The application fee is $60.
5. Pass the Real Estate License Exam
The final step to obtaining a real estate license in Ohio is to pass the real estate license exam. The exam is administered by PSI Services and consists of 120 questions, 80 from the national portion and 40 from the state portion. You must pass the exam with a score of 75% or higher.
How long does it take to get a Real Estate license in Ohio?
On average, it takes between two and three months to get a real estate license in Ohio. This timeline can vary depending on how quickly you complete your pre-licensing education, pass the licensing exam, and find a sponsoring broker.
Here is a breakdown of the different steps involved in getting a real estate license in Ohio and how long each step typically takes:
- Complete pre-licensing education: 120 hours (2-3 months)
- Pass the licensing exam: 1-2 weeks
- Find a sponsoring broker: 1-2 weeks
- Submit your license application and pay the fee: 1-2 weeks
- Receive your license: 1-2 weeks
It is important to note that this timeline is just an estimate. The actual amount of time it takes to get a real estate license in Ohio can vary depending on your individual circumstances.
How much does it cost to get a Real Estate license in Ohio?
The cost of getting a real estate license in Ohio is typically between $1631.50 and $1851.50. This includes the cost of pre-licensing education, the application fee, the background check, and the exam fee.
Breakdown of costs:
- Pre-licensing education: $1425 – $1645
- Application fee: $81
- Background check/fingerprinting: $67.50
- Exam fee: $58
- Total cost: $1631.50 – $1851.50
Common Challenges and How to Overcome Them
Self-doubt
- Identify your negative thoughts. What are the things that you tell yourself when you’re feeling self-doubtful? Once you know what your negative thoughts are, you can start to challenge them.
- Replace your negative thoughts with positive ones. When you catch yourself having a negative thought, stop and replace it with a positive one. For example, instead of thinking “I’m not good enough,” think “I’m capable and I’m going to do my best.”
- Focus on your strengths. Everyone has strengths and weaknesses. Make a list of your strengths and remind yourself of them when you’re feeling self-doubtful.
- Talk to someone you trust. Sometimes it can be helpful to talk to a friend, family member, therapist, or coach about your self-doubt. They can offer support and guidance.
Fear of failure
- Recognize that failure is a part of life. Everyone fails at some point in their lives. It’s important to remember that failure is not the end of the world. It’s an opportunity to learn and grow.
- Change your mindset about failure. Instead of seeing failure as something to be avoided, view it as a learning opportunity. What can you learn from your failure? How can you use that knowledge to improve in the future?
- Focus on the process, not the outcome. When you’re working on a goal, focus on the process of working towards it, not the outcome. This will help you to stay motivated and to learn from your mistakes.
Perfectionism
- Set realistic goals. If you set unrealistic goals for yourself, you’re setting yourself up for failure. Instead, set small, achievable goals that you can build on over time.
- Accept that imperfection is okay. Everyone makes mistakes. It’s important to accept that you’re not perfect and that it’s okay to make mistakes.
- Focus on your progress, not your perfection. Instead of focusing on being perfect, focus on making progress towards your goals. Celebrate your successes, no matter how small they may seem.
Procrastination
- Break down large tasks into smaller ones. Large tasks can be daunting and overwhelming. Break them down into smaller, more manageable tasks. This will make the task seem less intimidating and more achievable.
- Set deadlines for yourself. Deadlines can help you to stay on track and to avoid procrastination. When you have a deadline, you know that you need to get the task done by then.
- Reward yourself for completing tasks. When you complete a task, reward yourself with something that you enjoy. This will help you to stay motivated and to avoid procrastination.
Conclusion
To get a real estate license in Ohio, you must meet certain requirements, complete pre-licensing education, find a sponsoring broker, and pass the licensing exam. The process can be challenging, but it is worth it for a rewarding career.
Frequently Asked Questions (FAQ)
Is Ohio real estate license hard?
The Ohio real estate salesperson exam is a challenging exam, but it is possible to pass it with hard work and preparation. The exam covers a wide range of topics related to real estate, including property law, finance, and contract law.
How much do realtors make in Ohio?
The median annual salary for real estate agents in Ohio is $56,080. However, the actual amount that a realtor makes can vary depending on a number of factors, including their experience, location, and the type of real estate they specialize in.
How do I become a real estate broker in Ohio?
To become a real estate broker in Ohio, you must meet the following requirements:
- Be licensed as a real estate salesperson for at least two years
- Complete at least 20 real estate transactions
- Complete four broker prerequisite courses
- Pass the Ohio real estate broker exam
Is Ohio good for real estate?
Ohio is a good state for real estate because it has a strong economy and a growing population. The state also has a diverse housing market, which means that there are opportunities for realtors of all experience levels.
Is Ohio real estate expensive?
The cost of real estate in Ohio varies depending on the location. However, in general, Ohio real estate is relatively affordable compared to other states.
How many licensed realtors are in Ohio?
It is estimated that there are more than 90,000 licensed Realtors in Ohio.
Do realtors make good money in Ohio?
Yes, realtors can make good money in Ohio. The median annual salary for real estate agents in Ohio is $56,080. However, some realtors make much more than that, depending on their experience, location, and the type of real estate they specialize in.
