Ohio real estate school training for brokers
Ohio real estate broker license requirements differ based on the date you were licensed. These classroom hours must be completed before the broker examination is taken. Those licensed before 1972 do not need to fulfill any additional education requirements. Those licensed between 1972 and 1984 must complete 30 hours of education in each of four different categories. Those licensed between 1984 and 2001 must complete two years of college and 30 hours of education in eight different categories, which may be included in two years of college. Those licensed after August 2001 must complete the same requirements but the hours are distributed differently.
Ohio real estate school training for sales associates
Applicants must be sponsored by a broker and must be at least 18 years old. The applicants must complete the required courses at an institution of higher learning. There are 40 hours required in each of two categories and 20 hours required in each of two categories.
Post-licensure education
Just because you graduated from an Ohio real estate school and have your license does not mean your education is finished. For salespersons, the post-licensure education requirement for those licensed after January 1, 1990, is a mandatory 10 classroom hour course in real estate brokerage. This can be taken at either an institution approved by the state of Ohio or an institution of higher education.
Continuing education
Continuing education is required to be taken every three years in order to assure that licensees have knowledge of current real estate practices and law. All active real estate agents and appraisers licensed or certified by the state of Ohio have a continuing education requirement. Real estate agents who are 70 years old or more are required to take nine hours of core classes and have the option of putting their license on retired status. When a license is retired, license renewals are required, though continuing education is not.
Summary of expenses
Other than the Ohio real estate school you attend, there are other expenses a real estate agent must pay.
- Pre-licensing school
- Licensing exam
- Required business licensing
- Fees to join a local Multiple Listing Service (MLS)
- Fees to join a local Board of Realtors (usually in conjunction with the MLS)
- Ongoing fees for local real estate boards (quarterly or monthly)
- Errors and omissions insurance coverage
- Additional auto insurance to cover increased liability
- Optional training to learn effective sales methods or to acquire special certification
By Virginia Zignego