Is Being a Real Estate Agent Worth It Nowadays?

Are you thinking about a career in real estate? Wondering, “Is being a real estate agent worth it nowadays, especially in Ohio?” Whether you’re an aspiring agent, a current Ohio resident eyeing a career change, or just curious about the real estate world, this article will break down the pros and cons of becoming a real estate agent in Ohio. By the end, you’ll have a better grasp of whether this career path aligns with your goals. Let’s explore the benefits of a real estate career, the challenges you might face, and Ohio-specific factors you should consider.

Key Takeaways

Pros of Being a Real Estate Agent in Ohio

• Flexible Schedule and Independence: You can set your own hours and work around your lifestyle, offering better work-life balance than traditional 9-to-5 jobs.
• High Earning Potential: With an average annual income of $165,250 in Ohio, driven and skilled agents can earn a lucrative income.
• Job Satisfaction: Helping people achieve homeownership provides emotional rewards and builds lasting client relationships.
• Quick Path to Licensure: Ohio offers a straightforward licensing process that can be completed in just a few months.
• Growing Housing Market: Ohio’s rising demand for homes in affordable urban areas creates strong opportunities for new and existing agents.
• Entrepreneurial Freedom: Real estate appeals to self-starters who value autonomy and want to run their own businesses.
• Viable Side Hustle: Most client interactions happen in the evenings or on weekends, so it works well as a part-time or second job.

Cons of Being a Real Estate Agent in Ohio

• Commission-Based Income: Income is not guaranteed and depends entirely on sales performance, which is especially challenging initially.
• Highly Competitive Industry: With over 40,000 licensed agents in Ohio, standing out requires strong marketing, networking, and resilience.
• Irregular Hours: Expect to work evenings and weekends to accommodate client availability, which can interfere with personal time.
• Licensing and Continuing Education Requirements: Agents must complete pre-licensing, post-licensing, and ongoing education, which takes time and discipline.

The Advantages of Being a Real Estate Agent in Ohio

Recent headlines may cause you to ask, “Is being a real estate agent worth it nowadays?” Instead, focus on whether becoming a real estate agent aligns with your career and lifestyle goals. Here are the positive aspects of working as a real estate agent.

Flexible schedule and independence

One of the most appealing aspects of becoming a real estate agent is the flexibility it offers. Unlike traditional 9-to-5 jobs, real estate allows you to control your own schedule. Whether you’re a night owl, a parent juggling family responsibilities, or someone craving work-life balance, this career offers the independence to plan your days as you see fit.

Being based in Ohio adds even more appeal, as the state’s diverse real estate market—ranging from urban hubs like Columbus to smaller towns like Hilliard or Granville—allows agents to focus on niches they’re passionate about.

Earning potential

The potential to earn a six-figure income is a huge draw for many entering the real estate world. According to the latest Hondros College Salary Guide, the average annual wage for real estate agents in Ohio is $165,250. And because most agents work on commission, your income is directly tied to your dedication, networking skills, and ability to close sales.

Since Ohio’s cost of living is 11% lower than the national average, a real estate agent’s salary here goes even further—making financial success more attainable than in pricier states.

Job satisfaction

Many real estate agents enjoy the emotional rewards of helping families find their dream homes or guiding first-time buyers through significant milestones. Real estate is about building relationships, and this career can be deeply fulfilling for the socially motivated.

Straightforward path to licensure

Ohio supports aspiring agents with straightforward paths to licensure. The steps to get a real estate license include completing coursework, finding a sponsoring broker, and passing an exam. You’ll be amazed at how little time it takes to get your license! You can start helping clients find the house of their dreams in as little as two or three months.

Growing housing market

Ohio’s real estate market has been on an upswing. Demand for mid-sized city homes is rising, thanks to work-from-home flexibility persuading buyers to leave major metros for more affordable regions. Cities like Cincinnati, Cleveland, and Columbus have been highlighted for their burgeoning property markets, presenting myriad opportunities for real estate professionals.

Why do you want to be a real estate agent? Is it the earning potential or schedule flexibility? Here are some additional reasons real estate professionals are drawn to the industry:

• No day is ever the same.
• Although you will work under a broker, you will have a lot of independence.
• Working as a real estate agent is great for those with an entrepreneurial spirit.
• Real estate appeals to people who want to be out and about.
• It’s an excellent career for extroverts who enjoy meeting new people.
• Real estate is an excellent side gig – since most client appointments will occur during evenings and weekends.

The Challenges of Being a Real Estate Agent in Ohio

Each profession has pros and cons. Here are some drawbacks of working as a real estate agent.

Commission-based income

While the earning potential is impressive, the commission-based nature of real estate means there’s no guaranteed paycheck. If the market slows or deals fall through, your income might be inconsistent—especially for those starting out in the industry. Additionally, building a steady client base takes time and perseverance. It’s critical that you have a clear understanding of how much you could make in your first year.

Competitive industry

Ohio’s real estate industry is competitive. With almost 40,000 active REALTORS statewide, standing out requires savvy marketing, effective networking, and in-depth local market expertise. New agents must be prepared to hustle as they establish their reputation.

Irregular hours

Although real estate comes with flexible scheduling, irregular hours are part of the job. Evening showings and weekend open houses are common since many clients are only available outside standard business hours. This lifestyle isn’t for everyone, so it’s worth reflecting on whether it suits your personal needs.

Managing licensing and continuing education

To become a licensed real estate agent in Ohio, you must complete 100 hours of pre-licensing education and pass the state exam. Additionally, Ohio requires agents to complete continuing education courses every three years to maintain licensure. While it’s a manageable process, it does require a time commitment.

Hondros College simplifies this process, offering comprehensive courses tailored specifically for Ohio licensing requirements. If maintaining compliance feels daunting, having reliable support is key.

Is Being a Real Estate Agent in Ohio Worth It?

“Should I become a real estate agent?” This question boils down to your personal goals and willingness to tackle the industry’s challenges.

Real estate could be an excellent fit if you’re motivated by financial independence, enjoy working with people, and love the idea of flexible work. Ohio’s affordable housing market and emerging urban areas present exciting opportunities for new agents to thrive. However, it’s essential to enter this field prepared. Success requires self-discipline, strong time management, and a commitment to continuous learning.

How to Get Started in Real Estate in Ohio

If you’ve decided that becoming a real estate agent is worth it, your next step is to pursue licensure. Here’s a quick overview of how to get licensed in Ohio:

1. Meet Eligibility Requirements – Candidates must be at least 18 years old, have a high school diploma or equivalent, and not have any felony convictions.
2. Complete Pre-Licensing Education – Ohio requires 100 hours of coursework covering foundational topics like property law, finance, and ethics.
3. Pass the Licensing Exam – After completing your coursework, you must pass the Ohio real estate exam administered by PSI.
4. Find a Brokerage – New agents are required to work under a licensed real estate broker. Find a brokerage that aligns with your values and career aspirations.
5. Complete Post-Licensing Requirements – Ohio mandates an additional 20 hours of post-licensing education during your first year as an agent.
6. Start Building Your Brand – Focus on networking, defining your niche, and leveraging marketing tools to establish your presence in the market.

The easiest way to kickstart your career is through a trusted training provider like Hondros College. From our pre-licensing packages to ongoing education, Hondros equips you with the skills and confidence to succeed in this competitive industry.

Is being a real estate agent worth it? For many in Ohio, the answer is a resounding “yes.” It’s a career that offers financial growth, flexible hours, and the chance to directly impact your community’s housing needs.

When you’re ready to take the plunge, Hondros College is here to help. With a proven track record and Ohio-focused courses, we make the licensing process seamless and straightforward. Invest in your future today with Hondros College—and prepare to thrive in Ohio’s vibrant real estate market.

Disclaimer: The Salary Guide mentioned in this article is for general informational purposes only, based on an August 2024 survey of Hondros College alumni and publicly available industry sources. While Hondros College strives for accuracy, we make no guarantees regarding the completeness, reliability, or applicability of the information. Earnings and outcomes vary widely based on factors like location, experience, and market conditions and should not be considered guarantees. This guide does not constitute professional advice. Users should consult additional sources for personalized guidance.