Veterans: How to Pay for a Real Estate License in Ohio

Transitioning from military service to a career in real estate can be exciting and rewarding as real estate agents have a lot of independence and can make a good income. (You might be surprised at what salary you make at first as an agent in Ohio!) But there are costs associated with getting your real estate license. Here’s how to pay for a real estate license if you are a veteran in Ohio.

Before we dive into how veterans can get a real estate license, it’s important to note that the full cost of a real estate license is much more affordable than you would think. You don’t have to have a bachelor’s degree to become a real estate agent in Ohio.

Key Takeaways

• Eligible veterans in Ohio can use their GI Bill benefits to cover education costs, including approved real estate licensing courses and exam fees. Ensure the school you choose is VA-approved.
• Many real estate schools in Ohio offer military discounts.
• Veterans can access low-interest loans, payment plans, or employer-sponsored funding to cover costs not included under the GI Bill or other programs.
• Reduce expenses by comparing schools for discounts, leveraging bundled course packages, and networking with veteran real estate agents for advice and funding opportunities.

Using the GI Bill to Pay for a Real Estate License

In Ohio, eligible veterans can use their GI Bill benefits to cover the costs of education and career training, including approved real estate licensing courses. However, you need to enroll in an approved school, so it’s essential to check if the school you’re considering qualifies. Additionally, the GI Bill can reimburse real estate license exam fees.

Military Discounts for Real Estate Licensing

Many real estate schools in Ohio offer discounts specifically for military members and veterans. When researching schools, inquire about military discounts and verify the eligibility requirements.

Veteran-Specific Scholarships and Grants in Ohio

Several organizations in Ohio offer scholarships and grants tailored to veterans pursuing career transitions, including real estate. For instance, local veterans’ associations, nonprofits, and state-funded programs sometimes have resources dedicated to helping veterans achieve their career goals. Researching these opportunities can uncover hidden funding sources that make obtaining a real estate license more affordable.

Alternative Funding Options for Veterans

Consider these other options if the GI Bill doesn’t cover your preferred Ohio real estate course.

• Low-interest loans or payment plans for real estate education: Many banks and credit unions offer special loan programs for veterans. Additionally, some real estate schools offer financing for the qualifying real estate coursework, which is the most significant expense when earning your license.
• Employer-sponsored funding: Some real estate brokerages may cover the cost of licensing for veterans joining their team.

Tips for Reducing Real Estate Licensing Costs

Reducing expenses wherever possible can make the path to a real estate license smoother. Here are some practical tips on how to save money on the process.

Compare schools to find a real estate license military discount.

Ask about a military discount when enrolling in pre-licensing courses. However, it’s important to note that cheaper isn’t better when it comes to real estate schools. You must pass a course exam and a licensing exam to work as a real estate agent, so it’s critical that you find a school with great instructors and a solid reputation – even if you have to pay a bit more for the classes.

Take advantage of bundled course packages.

Look for a real estate school that offers pre-licensing packages that include other expenses, including exam prep materials, fingerprinting (required for licensed agents), and continuing education courses.

Network with veterans in the industry for additional resources and advice.

Joining veteran-focused real estate groups or forums can provide invaluable insights and connections to additional funding opportunities. Networking is essential as an agent, so you may as well get started by connecting with other military-veterans-turned-real-estate agents in your area.

Veterans in Ohio have access to a wide range of financial resources to help pay for a real estate license. For example, Hondros College offers a real estate license military discount of 20% for those wishing to pursue real estate, appraisal, home inspection, mortgage, or insurance as a career. Register over the phone (1-888-HONDROS) or in person with proof of ID to qualify for these savings.