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Career and Education Opportunities for Real Estate Brokers in Cleveland, Ohio

Cleveland, Ohio provides a wide variety of opportunities, both career and educational, for real estate brokers. There are currently 3,080 jobs for real estate brokers in Ohio and this is projected to grow by 10% to 3,390 jobs by 2016. This is better than the nation as a whole, where employment opportunities for real estate brokers are expected to grow by about 8.6%. In general, real estate brokers operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions.

Real estate brokers earn approximately $24 hourly or $51,890 per year on average in Ohio. Nationally they average about $27 per hour or $57,500 yearly. Compared with people working in the overall category of Real Estate, people working as real estate brokers in Ohio earn more. They earn more than people working in the overall category of Real Estate nationally.

There are two schools within twenty-five miles of Cleveland where you can study to be a real estate broker, among 103 schools of higher education total in the Cleveland area. Real estate brokers usually hold some college courses, so you can expect to spend a short time studying to be a real estate broker if you already have a high school diploma.

CAREER DESCRIPTION: Real Estate Broker

Real Estate Broker video from the State of New Jersey Dept. of Labor and Workforce Development

In general, real estate brokers operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions. They also other duties usually include selling real estate or renting properties and arranging loans.

Every day, real estate brokers are expected to be able to see details at a very fine level of focus. They need to articulate ideas and problems. It is also important that they listen to and understand others in meetings.

It is important for real estate brokers to sell, for a fee, real estate owned by others. They are often called upon to maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located. They also compare a property with similar properties that have recently sold, in order to establish its competitive market price. They are sometimes expected to generate records of properties for sale, their locations and descriptions, and available financing options, using computers. Somewhat less frequently, real estate brokers are also expected to oversee and operate real estate offices, handling associated business details.

Real estate brokers sometimes are asked to obtain agreements from property owners to place properties for sale with real estate firms. and check work completed by loan officers and other professionals to insure that it is performed properly. And finally, they sometimes have to manage financing of property purchases.

Like many other jobs, real estate brokers must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Cleveland include:

  • Real Estate Agent. Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.

EDUCATIONAL OPPORTUNITIES: Real Estate Broker Training

University of Akron Main Campus - Akron, OH

University of Akron Main Campus, 302 Buchtel Common, Akron, OH 44325-4702. University of Akron Main Campus is a large university located in Akron, Ohio. It is a public school with primarily 4-year or above programs and has 24,202 students. University of Akron Main Campus has a less than one year program in Real Estate.

Cuyahoga Community College District - Cleveland, OH

Cuyahoga Community College District, 700 Carnegie Ave, Cleveland, OH 44115-2878. Cuyahoga Community College District is a large college located in Cleveland, Ohio. It is a public school with primarily 2-year programs and has 23,234 students. Cuyahoga Community College District has an associate's degree program in Real Estate which graduated four students in 2008.

CERTIFICATIONS

Global Mobility Specialist: The purpose of Worldwide ERC's Certified Relocation Professional certification is to encourage members working in specific aspects of employee relocation to gain extensive and useful knowledge of all aspects of employee relocation.

For more information, see the Employee Relocation Council website.

Certified Relocation Professional: The purpose of Worldwide ERC Certified Relocation Professional program is to encourage members working in specific aspects of employee relocation to gain extensive and useful knowledge of all aspects of employee relocation.

For more information, see the Employee Relocation Council website.

Commercial Certified Mortgage Servicer: The Certified Mortgage Servicer (CMS) designation recognizes an individual's superior knowledge and experience in servicing practices, theories and applications.

For more information, see the Mortgage Bankers Association of America website.

Residential Certified Loan Officer: The Certified Loan Officer(CMT) designation creates a recognizable and meaningful seal of quality for residential loan officers.

For more information, see the Mortgage Bankers Association of America website.

LICENSES

Real Estate Broker License

Licensing agency: Ohio Department of Commerce
Address: Division of Real Estate and Professional Licensing, 77 S. High Street, 20th Floor, Columbus, OH 43266-0546

Phone: (614) 466-4100
Website: Ohio Department of Commerce Division of Real Estate and Professional Licensing

LOCATION INFORMATION: Cleveland, Ohio

Cleveland, Ohio
Cleveland, Ohio photo by FlickreviewR

Cleveland is situated in Cuyahoga County, Ohio. It has a population of over 433,748, which has shrunk by 9.3% over the last ten years. The cost of living index in Cleveland, 81, is well below the national average. New single-family homes in Cleveland are valued at $94,100 on average, which is far less than the state average. In 2008, one hundred nine new homes were built in Cleveland, down from one hundred eighty-four the previous year.

The three big industries for women in Cleveland are health care, accommodation and food services, and educational services. For men, it is metal and metal products, construction, and accommodation and food services. The average travel time to work is about 26 minutes. More than 11.4% of Cleveland residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.8%, is lower than the state average.

The unemployment rate in Cleveland is 10.5%, which is greater than Ohio's average of 10.0%.

The percentage of Cleveland residents that are affiliated with a religious congregation, 57.8%, is more than both the national and state average. Hellenic Orthodox Church of the Annunciation, Abyssinia Baptist Church and Highland Christian Church are among the churches located in Cleveland. The largest religious groups are the Catholic Church, the United Methodist Church and the American Baptist Churches in the USA.

Cleveland is home to the Mastick Woods Golf Course and the Dock Number 32 as well as Shaker Square Historic District and Newton Avenue Historic District. Shopping malls in the area include Shaker-Moreland Shopping Center, Shaker Square Shopping Center and Clark West 30th Shopping Center. Visitors to Cleveland can choose from Hilton Garden Inn Cleveland Gateway, Airport Sheraton and Extended Stayamerica for temporary stays in the area.