Beyond Bending Tell You How
When it comes to buying or selling a property in Ohio, it’s important to understand the roles of the Ohio Real Estate Commission (OREC). The OREC is responsible for regulating and licensing real estate agents and brokers in the state of Ohio. This commission ensures that all licensed professionals are qualified and knowledgeable, upholding ethical standards and state laws.
If you’re planning to become a licensed real estate professional in Ohio or work with one, it’s important to understand the OREC’s rules and regulations. This blog post will provide you with everything you need to know about the Ohio Real Estate Commission, from its history to its current role and responsibilities.
History of the Ohio Real Estate Commission
The Ohio Real Estate Commission was created in 1953 under the Ohio Department of Commerce. Its primary purpose is to protect the public by ensuring that all real estate professionals in Ohio are licensed and qualified to perform their duties. The commission is made up of nine members, all appointed by the Governor of Ohio.
Since its creation, the OREC has gone through several changes to its rules and regulations. One of the most significant changes occurred in 2012 when Ohio adopted a new licensing system for real estate professionals. The new system required more educational requirements, background checks, and continuing education for license renewals.
OREC’s Role and Responsibilities
The Ohio Real Estate Commission has two primary roles: licensing and regulation. These roles are critical to ensuring that real estate professionals in Ohio are qualified and ethical.
Licensing
The OREC is responsible for issuing licenses to real estate agents and brokers in Ohio. To obtain a license, applicants must meet certain educational requirements, pass a background check, and pass a licensing exam. The commission also has the authority to revoke or suspend licenses of real estate professionals who violate state laws.
Regulation
The OREC is responsible for regulating real estate professionals in Ohio. This means that the commission ensures that all licensed professionals are following state laws and ethical standards. The commission has the authority to investigate complaints filed against licensed professionals and can take disciplinary action if necessary.
How to Become a Licensed Real Estate Professional in Ohio
If you’re interested in becoming a licensed real estate professional in Ohio, there are several steps you need to follow:
Step 1: Meet Educational Requirements
Ohio requires all applicants to complete a certain number of educational hours before taking the licensing exam. The number of hours required depends on the type of license you’re applying for:
| License Type | Required Hours |
|---|---|
| Real Estate Salesperson | 120 hours |
| Real Estate Broker | 180 hours |
| Real Estate Appraiser | 150 hours |
Step 2: Pass a Background Check
All applicants must undergo a background check before receiving a license. This includes a criminal history check and a review of any disciplinary action taken against the applicant in the past.
Step 3: Pass the Licensing Exam
After meeting the educational requirements and passing a background check, applicants must pass a licensing exam. The exam covers topics such as real estate principles and practices, Ohio law, and federal law.
Step 4: Apply for a License
Once you’ve passed the licensing exam, you can apply for a license through the Ohio Real Estate Commission. You’ll need to provide proof of completion of the educational requirements and background check.
Continuing Education Requirements
Once you’ve obtained a real estate license in Ohio, you’ll need to complete continuing education requirements to renew your license. These requirements vary depending on the type of license you hold:
| License Type | Continuing Education Requirements |
|---|---|
| Real Estate Salesperson | 30 hours every three years |
| Real Estate Broker | 30 hours every three years |
| Real Estate Appraiser | 28 hours every two years |
FAQs about the Ohio Real Estate Commission
What is the Ohio Real Estate Commission?
The Ohio Real Estate Commission is a government agency responsible for regulating and licensing real estate professionals in Ohio.
What does the Ohio Real Estate Commission do?
The Ohio Real Estate Commission is responsible for ensuring that real estate professionals in Ohio are licensed and qualified to perform their duties. The commission also regulates real estate professionals, investigating complaints and taking disciplinary action if necessary.
How do I become a licensed real estate professional in Ohio?
To become a licensed real estate professional in Ohio, you’ll need to meet educational requirements, pass a background check, pass a licensing exam, and apply for a license through the Ohio Real Estate Commission.
What are the continuing education requirements for Ohio real estate professionals?
Continuing education requirements vary depending on the type of license you hold. Real estate salespeople and brokers must complete 30 hours of education every three years, while real estate appraisers must complete 28 hours of education every two years.
