Meet John Tallarigo. John is the education content developer and is working on expanding PREC coursework into new states and additional courses for our current states. His interest in property law led him to get his real estate license while studying for the bar exam! John is a graduate of NKU Chase College of Law '16 and earned his undergraduate degree from Northern Kentucky University '11. He loves the Cincinnati Bengals!
How Much Does a Real Estate Agent Typically Make in Ohio?
When you are considering becoming an Ohio real estate agent and comparing the salary to other jobs you might have worked, you need to consider the different factors that go into an agent’s salary. For example, some factors include which city you live in and the corresponding population, the real estate education you received, any certifications you have, additional skills, and the number of years you have worked in the profession. All of these will play a factor when considering your potential salary as an agent.
According to the surveys presented by Indeed, the average salary for a real estate agent in Ohio in 2022 was $93,710.
The average salary for an realtor with 1 to 2 years of experience is $82,674. The average salary for someone with more than 10 years of experience is $102,999.
Let’s break down the four topics that impact agent’s pay besides market conditions: hours worked, location, specialty, and years of experience.
Hours Worked
As an agent, your hours are based on the schedule that you create for yourself. You do not have a set number of hours you have to work each week and the check does not come if you are putting in the work. When I think about the hours that I worked day to day as a real estate agent I come back to the word balance. This is because my schedule was dictated by how busy I was and how many showings I had that day or week. My advice is to set boundaries with your clients and have a set time of the day when you do your showings each day. Do all your administrative and business prospecting activities in the morning and set appointments for afternoons and weekends. This will keep you from missing those activities that really make a difference in your business. Another note worth mentioning is part-time vs. full-time. While full-time might not be an option for everyone it does fully correlate with the agent’s salaries.
Location
Location has a major effect on the salary of an agent. If you want to earn more try going for urban areas that are highly populated and suburban areas with higher prices per home. For Ohio, that most likely means Cincinnati, Columbus, Toledo, and Cleveland.
Specialty
Just like any other business the niche or specialty is going to decide what kind of real estate agent you are going to be. Some examples might be first-time homebuyers, military, relocation services, luxury properties, etc. Each one is going to bring in a different income but owning the category you chose is where the success is. Your goal is to become the market expert in that specialty or niche.
Years of Experience
Real estate is a business where knowing people or being top of mind when people think of real estate is very important. Creating a sphere of influence and connecting with that audience is crucial to creating business for yourself as an agent. This is going to become easier and grow with time and experience. Therefore, the first year in real estate is always the hardest but stick with it and trust the systems that you have set in place!
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