Are you looking to become a real estate agent in Indiana? Getting your Indiana real estate license is the first step to becoming an Indiana real estate broker. To apply, you must be at least 18 years old and have a high school diploma or GED. You must also pass the Indiana real estate exam and complete an approved 90-hour course prior to the real estate license. This article will provide you with all the information you need to get your Indiana real estate license.The Indiana Real Estate Commission requires that you complete 12 hours of continuing education per year.
If you have the designation of an eligible managing broker on your license and had your own license or ran a company at any time during the CE year, 4 of those 12 hours should be dedicated to the necessary business and management skills and the legal knowledge needed by a managing broker. To renew your Indiana Real Estate Commission license on paper, you must select a document below. Print and mail the completed document with the required renewal fee to the Indiana Professional Licensing Agency. The address is on the document and checks must be made payable to the “Indiana Professional Licensing Agency”.The 90-hour course is divided into three 30-hour sections.
Topics include real estate, forms of ownership, property value, real estate contracts, agency, property disclosures, financing, closing transactions, real estate mathematics, and real estate office procedures. If you don't already have a broker to work with, check out StateRequirement Jobs to find a real estate sales vacancy in your area.Once you have passed both parts of the exam, you have one year to apply for your broker license to the Indiana real estate commission. To apply, mail a paper broker license application and the required supporting documents to the Real Estate Commission.Getting your Indiana real estate license doesn't mean you stop being educated once you've passed licensing tests. You must complete continuing education courses each year in order to maintain your active license status.
If your realtor license is classified as inactive, you don't need to take continuing education courses.The best sales associates know they have the skills needed to help people achieve their real estate goals. Financial stability and change management are two important qualities for success in this field. Savings that ensure that a new associate can live comfortably for the first few months of their career allow them to focus on real estate and not on commissions. Accepting changes and adapting quickly is imperative in the fast-paced and ever-changing world of real estate.If you don't renew your Indiana license on time, it will be reclassified as an inactive license and you will not be able to legally act as a real estate agent.
You can take your realtor exam as many times as necessary to pass it, as long as you take it again within one year of the date of the course completion certificate.For more information about getting your Indiana real estate license, see the ISP candidate handbook or contact our office for more information about reciprocity with other states.