How to Become a Real Estate Broker in Ohio

Embarking on a career as a real estate broker in Ohio is a significant step that offers increased autonomy, earning potential, and the opportunity to lead your own brokerage. This comprehensive guide will walk you through the necessary steps to obtain your Ohio real estate broker's license, from meeting eligibility requirements to understanding the nuances of reciprocity agreements with other states.

Steps to Become a Real Estate Broker in Ohio

Becoming a licensed real estate broker in Ohio requires completing several key steps. Here’s a quick rundown before we dive into the details.

1. Check that you meet the eligibility criteria
2. Finish the required broker pre-licensing education
3. Submit your application for a broker license
4. Pass the Ohio broker exam
5. Secure your broker license

Next, we’ll walk through each step in more detail to guide you through the process.

1. Meet the eligibility and experience Requirements

If you're looking to become a real estate broker in Ohio, you’ll need to meet specific eligibility criteria under the updated 2025 licensing laws. Here’s what it takes to qualify:

1. Age Requirement: You must be at least 18 years old.
2. Real Estate Experience: You must hold an active Ohio real estate salesperson license for at least two of the last five years.
3. Transaction Requirement: You must provide proof of at least 20 real estate transaction points, which may include closed sales, leases, and other qualifying transactions.

Once you meet these qualifications, the next step is completing Ohio’s mandatory broker pre-licensing education to prepare for the state exam. Keep reading to learn more about the required courses and how to get started!

2. Complete the Mandatory Pre-Licensing Education

If you've already completed your 120 hours of broker pre-licensing education, you're well on your way to becoming a licensed real estate broker in Ohio. Now, it's time to ensure you meet the remaining eligibility requirements before applying for your broker’s license.

Ohio Broker License Requirements

To qualify, you must:

• Hold an active Ohio real estate salesperson license for at least two of the last five years.
• Provide proof of at least 20 real estate transaction points, including closed sales, leases, and other qualifying deals.

For the most up-to-date licensing information, visit the Ohio Division of Real Estate & Professional Licensing website or contact them directly to begin the application process.

3. Submit Your Broker License Application

Once you’ve met the coursework and experience requirements, the next step is to apply for the Ohio Broker Exam through the Ohio Division of Real Estate & Professional Licensing.

To complete your application, you must:

• Submit official transcripts verifying completion of 120 hours of broker pre-licensing education.
• Provide documentation confirming 20 transaction points and at least two years of active salesperson experience in the last five years.
• Pay a $135 non-refundable application fee.
• Complete a fingerprint-based background check ($60-$80).

Once approved, you will receive instructions to schedule your exam.

4. Pass the Ohio Real Estate Broker Examination

The Ohio Broker Exam is designed to assess your expertise in real estate law, brokerage management, and finance.

Exam details:

• National section: 80 questions
• State section: 50 questions
• Passing score: 75% or higher on each section
• Exam duration: 3 hours
• Fee: $63, paid to PSI

After approval, you’ll receive exam scheduling instructions and can take the final step toward earning your broker’s license.

5. Obtain Your Broker License

After passing the exam, you must complete the necessary steps to receive your official broker license. This includes submitting your application along with a $135 broker examination application fee to the Ohio Division of Real Estate. Additionally, a fingerprint-based background check is required, costing approximately $60-$80.

Ohio also requires new brokers to complete a 10-hour post-licensing course within the first year to ensure compliance with state regulations.

If you plan to open a brokerage, you must register your business with the state and establish a brokerage trust account to manage client funds securely.

FAQs About Becoming a Real Estate Broker in Ohio

Should You Become a Real Estate Broker in Ohio?

Advancing to a broker’s license can open the door to higher earnings, greater independence, and leadership opportunities. Brokers have the ability to keep 100% of their commissions, hire and mentor agents, and establish their own brokerage, offering full control over their real estate career.

How Fast Can You Get a Broker’s License?

The timeline to become a licensed real estate broker in Ohio varies based on individual progress. Below is an estimate of how long each step typically takes:

• Meet the Eligibility and Experience Requirements – Requires at least 2 years of active experience as a licensed real estate salesperson.
• Complete the Mandatory Pre-Licensing Education – Typically takes 3-6 months, depending on course availability and study pace.
• Submit Your Broker License Application – Processing time is usually 2-4 weeks.
• Pass a Background Check – Generally takes 1-2 weeks for fingerprinting and clearance.
• Pass the Ohio Real Estate Broker Examination – Exam scheduling and completion typically take 1-2 months, including study preparation.
• Obtain Your Broker License – License issuance usually takes 1-2 weeks after passing the exam.

Overall, the duration to become a licensed broker in Ohio depends on individual progress through each step. While some may complete the process in a shorter time frame, others may take longer, depending on personal circumstances and the time dedicated to each requirement.

How Much Do Real Estate Brokers Make in Ohio?

Real estate broker incomes can vary widely, but on average, Ohio real estate brokers earn a strong income. According to recent data, the average annual salary for a real estate broker in Ohio is approximately $104,000 per year.

Many brokers earn in the high five-figures to low six-figures range. For example, Salary.com reports that most Ohio brokers earn between $83,500 and $128,000. This range typically reflects full-time, established brokers who have a steady flow of transactions or manage a team of agents.

It’s important to note that broker income isn’t a fixed salary—earnings are primarily commission-based and can fluctuate. Top-performing brokers who own successful brokerages or handle a high volume of transactions can earn well above the average.

Conversely, a new broker just starting out or one operating a small office in a less-populated area might earn closer to the lower end of the spectrum.

With dedication, industry expertise, and a solid business strategy, becoming a broker can significantly increase your income potential.

How Much Does a Real Estate Broker’s License Cost?

Becoming a licensed broker in Ohio comes with several costs, primarily for education and application fees. The total investment typically ranges from $4,300 to $6,900, depending on your chosen provider and additional expenses.

Here’s a breakdown of the expected costs:

• Pre-licensing education: $4,000–$6,500
• Application fee: $135
• Exam fee: $63
• Background check: $50–$80
• License activation fee: $100

Though pre-licensing education is the largest cost, it’s essential for passing the exam and launching a successful brokerage career.

What’s the Difference Between Brokers and Agents?

While both brokers and agents work in real estate, their roles, responsibilities, and earning potential differ significantly.

Real Estate Agents:

• Must operate under a licensed broker.
• Earn commissions but typically share them with their broker.
• Cannot establish or run their own brokerage.
• Focus on helping clients buy and sell properties.

Real Estate Brokers:

• Can work independently, open their own brokerage, and employ agents.
• Manage transactions, oversee agents, and ensure legal compliance.
• Retain a larger percentage of commissions and may earn from their agents' sales.
• Complete additional education and experience requirements for advanced industry knowledge.

While becoming a broker provides more income potential and flexibility, it also comes with increased responsibility in managing business operations and compliance.

Does Ohio Offer Broker License Reciprocity?

Ohio provides partial reciprocity for real estate licenses, allowing brokers and agents from select states to obtain an Ohio license more easily. Qualified applicants typically need to verify their licensure, complete an Ohio-specific real estate law course, and pass the Ohio broker exam’s state portion.

For brokers from states without reciprocity, Ohio has additional licensing options. Out-of-state applicants must meet Ohio’s education and experience criteria or prove equivalent qualifications. Some may also need to pass the Ohio law exam, undergo a background check, and secure an Ohio broker sponsor.

Final Thoughts on Becoming a Real Estate Broker in Ohio

Earning an Ohio real estate broker license opens the door to greater financial and professional growth. By meeting the required education, experience, and exam standards, you can advance your career and gain more independence in the industry.

Ready to take the next step? Start your journey toward becoming a licensed real estate broker in Ohio today!