Ohio Professional Housing Provider
The Ohio Professional Housing Provider (OPHP) designation is a statewide, education-based certification program designed to recognize the high level of knowledge and professionalism among the designation holder. It is sponsored and overseen by the Ohio Real Estate Investor’s Association (OREIA).
Only persons completing the educational requirements will be permitted to hold themselves out to the public as an Ohio Professional Housing Provider. The designee will be recognized in the form of an award certificate and the right to use the designation, and should recognize that having a basic education in the topics outlined below will increase their ability to be proficient in real estate investment.
Furthermore, as OREIA works to make the OPHP designation more recognizable, it is hoped that the OPHP holders will have an advantage in dealing with legal and governmental bodies when a “my word against his” situation occurs. It will also aid in encouraging legislators to think of educated investors as a larger group for political action.
The course of study will be divided into 42 clock hours of core courses and 18 hours of elective topics for a total of 60 hours of formal education. The core topics are as follows:
| Appraisal |
2 Hours |
Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc. |
| Rehab |
4 Hours |
Including estimation, which projects will pay for themselves, etc. |
| Hands-on |
2 Hours |
Including actual hands-on opportunities and demonstrations |
| Fair housing law |
3 Hours |
Including federal, state, and local fair housing regulations |
| Negotiation |
3 Hours |
Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc. |
| Finance |
6 Hours |
Including conventional financing, FHA/VA financing, Owner financing of all types; comparing, financing, offering financing. |
| Tenant-Landlord law |
2 Hours |
Including landlord’s and tenants responsibilities, evictions, etc. |
| Contract law |
3 Hours |
Including basic contract law; using contracts and clauses to protect yourself, developing contracts such as leases, options, purchase contracts etc. that for the real estate investment business. |
| Local regulations |
2 Hours |
Including zoning and building codes. |
| Federal regulations |
1 Hour |
Including regulations affecting real estate investment OTHER THAN tax laws, fair housing laws, and EPA regulations |
| EPA regulations |
1 Hour |
Including regulations affecting real estate investment such as; lead paint regulations, wetlands, regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc. |
| Management |
4 Hours |
Including record keeping; dealing with tenants; maximizing cash flow; and others. |
| Purchasing |
2 Hours |
Including finding deals and calculating profitability. |
| Inspections |
2 Hours |
Including pre- and post- purchase inspections, and pre and post move-out inspections of properties held. |
| Tax Law (Income) |
1 Hours |
Including calculating and minimizing taxes, and tax laws as they affect the real estate investor. |
| Tax Law (Other) |
1 Hours |
Including property taxes, 1031 tax deferred trades, etc. |
| Insurance-property |
1 Hours |
Including what type of property insurance is appropriate for investment property; negotiating for the best rates, and renter’s insurance. |
| Insurance-worker’s compensation |
1 Hours |
Including when, how and for whom to carry worker’s compensation insurance. |
| Insurance-liability |
1 Hours |
Including why and how much |
| Marketing |
2 Hours |
Including how to market properties for sale and for rent; how to market buying services. |
The remaining 18 hours may include further education in any or all of the above topics, as selected by the OPHP candidate.
These hours may be attending selected Columbus REIA meetings and training sessions in addition to attending pre-approved courses offered outside the association. All outside courses and seminars must meet the following requirements they must be taught live; they must be pre-approved by the OPHP committee; and they must provide a certificate of attendance acceptable to the OPHP committee.
Once the OPHP designation has been obtained, designees must complete 20 hours of continuing education every two years in order to maintain the designation. These hours are elective and may be used by the designee to continue his or her education as he sees fit.
The Ohio Real Estate Investor’s association (OREIA) is dedicated to making this program a success. OREIA believes that the concept of creating well educated investors is important in the fight to make our industry a respected one. We also believe that the ability to present our members as dedicated, educated professionals will aid in the political action to which we are dedicated.
While this education is already the mission of the local associations, we hope that a statewide designation will further this goal by making legislators, regulators, and the public at large recognize that we are not simply "landlords", but informed business persons who make an ongoing contribution to our communities.
