Median home prices for previously inhabited houses reached $252,800 in May; a 3.2% increase since April and a 5.8% increase since May of 2016. However, the increase in home prices has done nothing to lessen home sales with first-time home buyers making up a third of home sales. Currently, homes are staying on the market for only 27 days, the shortest period since NAR began tracking sales in May of 2011. As costs continue to increase experts suspect lower income individuals will be priced out of the market and prices will come down eventually.
Home purchases are on the upswing across the nation. The most expensive homes are in the West with median home prices as high as $368,800 and the Northeast was not much better at $281,300. Southern states were slightly more affordable at $221,900 but the Midwest is currently the most affordable region at $203,900. However, the price increase in the Midwest was also the steepest across the country- up 6.9% since May 2016.
STATE APPROVED CONTINUING EDUCATION COURSES
How do I renew my Ohio salesperson or broker license?
Your license must be renewed every 3 years on your date of birth. Licenses can be renewed by following these steps:
- Submit the appropriate renewal fee
- Submit copies of completed 30 hours of CE
- Complete and submit a renewal application – COM3681
- All paperwork must be submitted or postmark on or before your CE due date
What continuing education is required to renew my Ohio broker or salesperson license?
Brokers and salespeople must complete 30 hours of continuing education each renewal cycle. Courses must include:
- 3-hours of Core Law
- 3-hours of Civil Rights
- 3-hours of Ohio Canons of Ethics
- 21-hours of Elective courses
Where can I find courses to renew my Ohio broker or salesperson license?
Real Estate Training Institute offers a 30-hour package and individual courses to meet all of your renewal requirements. Courses are completed online, at your convenience, on any internet capable device.
Who submits my Ohio broker or salesperson continuing education?
Ohio requires brokers, salespeople, and education providers to submit continuing education. Real Estate Training Institute will submit your continuing education Ohio Department of Commerce Division of Real Estate and Professional Licensing within two business days of course completion, you may print your certificates at home immediately after completing the course.
Ohio Real Estate Continuing Education