How To Become A Licensed Real Estate Broker In Ohio
With the housing market well on the way to complete recovery, many licensees making the move to become a real estate broker in Ohio. After all, one of the benefits of a forming a career in real estate is the control it allows you in shaping your personal success. The step towards becoming a broker is the beginning of an exciting new chapter in the life of a real estate professional. There is no need to wait for a promotion. A real estate licensee is able to simply make the decision to sign up for broker training and the state exam. Once this decision has been made, it may be only a matter of weeks before you are working as an Ohio broker. Real estate sales associates in Ohio who are ready to take the next step in their real estate careers can begin the process of becoming a licensed real estate broker by completing the state’s requirements for licensure.
Ohio Real Estate License Requirements
- Education: complete the educational requirements at an approved real estate school
- Courses: complete 240 hours of specific real estate courses and 2 years of college ( if licensed after August 1, 2001)
- Experience: active broker or salesperson experience for at least 2 years in Ohio (work 30 hours per week for two of the last five years before the license application)
- Real Estate Transactions: complete 20 real estate transactions
Ohio Reciprocal Agreements
Currently, the state of Ohio has reciprocity agreements in place with:
- West Virginia
Real Estate Broker Licensure Exam in Ohio
There are 2 parts of the Ohio Real Estate Salesperson Exam: national and state specific. National part has more questions and is more complex than state specific part. There will be such number of questions in each part of the exam:
National part: 80 questions (answer 60 questions correctly to pass this part)
State specific part: 40 questions (answer 30 question correctly to pass this part)
Time limit: 120 minutes for the national part and 60 minutes for state specific part
Check psiexams.com to see whether you meet all the requirements for the Real Estate Broker Exam in Ohio. You can also schedule your exam date there. When you register for the exam, pass it during 12 months.
If you successfully pass the first part of the exam in Ohio, you can take the other part during a year.You will take both parts of the exam on computers and your results will be visible right after you finish it.
$48 is the registration fee for the Real Estate Broker Exam in Ohio. The retake fee is also $48.
Real Estate Broker Software
The Right Tools
The most professional real estate workers often require software to efficiently sort through paper work. It has been pointed out that good software such as Brokermint can transform a real estate business for the better. Back office software should be able to create a consistent and manageable flow from lead generation to closing and accounting. It should be able to cross integrate with Contact Management systems (CRM), MLS and Accounting Packages. The main goal of this type of software is to help real estate experts save time managing day-to-day operations, get instant visibility on production data and remain in compliance with regulations.
Software like Brokermint perfectly fits for small companies that recently started their real estate business.
There are other tools that are useful to real estate agents. Having a strong social media presence through sites such as Facebook or LinkedIn can come in very handy in attracting potential customers. Also consider using Zillow and Trulia. These websites help track information on available real estate properties in local areas. Be sure to familiarize yourself with the kinds of tools that real estate brokers need to work in the field. It is a necessity to feel prepared in this business.
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