Cincinnati is one the larger metropolitan cities in the mid-west, making it the 24th most populous city in the country. Therefore, it can be deemed that the real estate market in Cincinnati fairly stable, thus giving Cincinnati realtors to make a very comfortable living with their careers.
In order for Cincinnati realtors to practice in the city and in the state of Ohio, there are certain requirements that they must meet. Firstly, there are strict education requirements regarding secondary education, mandating at least two years two years of post-secondary education. Furthermore, there are certain courses on Ohio real estate laws and principles that also must be taken, which also include aspects of real estate appraisal and finance.
Also, Cincinnati realtors need a total of twenty transactions, which the state imposes specific formulas in order to calculate the total amount. Finally, prospective Cincinnati realtors will need to take the state’s Broker Examination, which will require proof of all the necessary requirements as well as a $100.00 fee.
Upon receiving their license, Cincinnati realtors may experience quite a successful career in the current market. The average price listing for homes is over $200,000, with a median sales price of $128,000. However, popular neighborhoods in the city such as Hyde Park, Clifton, and Over-the-Rhine carry much higher average listing prices, anywhere in between $220,000 to $426,000. Depending on the neighborhood, Cincinnati realtors have the possibility of working with higher end homes and property, thus allowing for bigger commissions.
