Getting your real estate license in Indiana is a big step, and it can be a bit overwhelming. But with the right guidance and preparation, you can make the process easier. In this article, we'll cover all the steps you need to take to get your real estate license in Indiana, from completing the pre-licensing course to taking the exam and applying for your license. The first step is to complete a 90-hour pre-licensing course approved by the Indiana Professional Licensing Agency - Real Estate Commission.
This course will guide you through all the topics required by the Indiana Real Estate Commission, including instructions on the basics and real estate law, real estate brokerage, and real estate finance. It will also cover information on real estate contracts, Indiana real estate licensing law and real estate commission rules, closing real estate transactions, real estate brokerage, fund and trust accounts, property management, financing instruments and lending products, underwriting of real estate loans and geographical real estate issues. According to Real Estate Express policy, the 90-hour pre-license course for brokers must be completed within six months of the start date. Once you've completed your pre-licensing education, it's time to take the Indiana real estate exam. The exam is composed of three parts with 100 questions each.
You must pass each exam with a score of 75% or higher. The exams are not timed. The Indiana Real Estate Commission has also announced the option of taking the license exam remotely rather than at a physical exam center. 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. After passing your state licensing exam, now is the time to apply for your Indiana real estate agent license.
You must submit the appropriate application forms, which you will receive from the testing service when you pass the exams to the Indiana Real Estate Commission. A sponsoring broker must receive an active real estate license and conduct real estate transactions in Indiana before you can submit your broker application. Agents should contact the Indiana Real Estate Commission to ask personalized questions about the reciprocity of real estate licenses. Most online courses are self-paced and include study materials such as real estate practice exams and flashcards. It varies by person how long it takes to obtain a real estate license in Indiana, depending on how quickly you complete the 90 hours of pre-licensing courses and pass your licensing exam, how long it takes to complete the application process and obtain sponsorship from a broker, and how long it takes for applications to be processed.
