Ralph Mantica President at Ohio REALTORS | LinkedIn
Ralph Mantica President at Ohio REALTORS | LinkedIn
Governor DeWine has enacted House Bill 238, concluding a six-year review of licenses managed by the Division of Real Estate and Professional Licensing. Ohio REALTORS were instrumental in advocating for reforms aimed at simplifying the licensing process while maintaining industry standards. The new law introduces several significant changes for real estate professionals in Ohio.
One major change is the removal of Ohio’s requirement for brokers to complete two years of postsecondary education. This change aims to facilitate career advancement for experienced real estate salespeople aspiring to become brokers. Additionally, the law eliminates the need for real estate schools to offer college credits, allowing more institutions to provide pre-licensing education. Previously, Ohio had the highest cost for pre-licensing education in the country without better exam results compared to neighboring states. The reform is expected to enhance competition among education providers, reduce costs, and improve student outcomes under strict oversight from the State Board of Career Colleges and Schools.
The legislation also reduces pre-licensing education hours for real estate salespeople by 20 hours. Despite having more required hours than surrounding states, this reduction was opposed by Ohio REALTORS during legislative discussions. They hope to collaborate with stakeholders on enhancing educational quality despite fewer training hours.
The law will be effective in 90 days.