Are you considering a career in real estate? With home sales on the rise, there has never been a better time to become a real estate agent. And if you're in Indiana, you're in luck! In this guide, we'll walk you through the exact steps you need to take to earn your Indiana real estate license. So let's get started!
Step One: Pass an Approved Real Estate Pre-Licensing Course
To become a real estate agent in Indiana, you need to be at least 18 years old and have a high school diploma or equivalent. The first step is to find an approved 90-hour real estate pre-licensing course. This course will cover important topics such as Contracts, Fair Housing, Investments and Taxes, and Property Law. Once you complete the course, you'll need to pass the exams with a minimum score of 75% to move forward.
Choosing the Right Real Estate License Course
The course you choose can greatly impact your success in obtaining your real estate license. Look for schools with positive reviews and engaging teachers. Additionally, consider the format of the course. Online classes offer flexibility, while in-person classes provide networking opportunities.
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Step Two: Pass the Indiana Real Estate Examination
After passing your pre-licensing course exams, it's time to sign up for the Indiana Real Estate License Exam administered by PSI. This comprehensive exam consists of 125 questions that meet both national and state requirements. You'll need to score at least 75% to pass. If your course didn't include test prep, consider enrolling in a separate prep course.
Step Three: Find a Broker to Sponsor You
Before obtaining your real estate license, you must find a current, active sponsoring broker. Your choice of broker is crucial, as they will serve as your mentor and can greatly impact your career. Consider their reputation, technology and support offerings, leads and marketing assistance, and opportunities for growth within the brokerage.
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Step Four: Send In Your Application
Once you have found a managing broker to sponsor you, complete and submit your Indiana Real Estate Broker License application. For more information on this process, visit Indiana's state website.
Step Five: Continuing Education
After receiving your real estate license, it's important to stay updated with the industry. Within two years, complete a 30-hour post-licensing course that refreshes your knowledge and covers new state-required material. Additionally, you'll need to complete 12 hours of continuing education (CE) classes annually to renew your license every three years. Keep any CE certificates you earn in case of an audit by the Indiana Real Estate Commission.
If you aspire to be a managing broker, you'll need to complete an additional 24-hour state-approved course.
Start Your Journey Today!
Obtaining your Indiana real estate license opens the door to a rewarding career in the real estate industry. Follow these steps, and you'll be on your way to meeting the necessary requirements. If you have any further questions or need assistance, don't hesitate to reach out to us. Contact us today and take the first step towards your new career!
