Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Indiana or anyone looking to become a real estate agent or realtor in Indiana. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The
Indiana Real
Estate Commission is one of the 39 agencies that the Indiana Professional
Licensing Agency (
PLA) oversees
effective July 1, 2005. A Compilation of the Licensure Laws can be read
online.
The requirements for a
real estate salesperson license in Indiana
include being at least 18 years of age and not having a conviction for any crime
that would indicate the propensity to endanger the public. The applicant needs
to take the prescribed 54-hour prelicensure courses. The applicant then must successfully
pass the real estate exam within one year from completion of the courses. Salesperson
applicants need to apply for their license within 120 days of passing the exam
and pay the $25 license fee. The biannual renewal fee is also $25.
The requirements for a
real estate broker license in Indiana include being at least 18 years of age
and not having any convictions for acts or crimes that indicate untrustworthy behavior. The applicant needs
to have active experience as a real estate salesperson for at least one year. Applicants can actually take
the exam earlier, but they cannot be licensed until the year is up. Broker applicants are required to be a
resident in Indiana. The license fee for a broker if $50 and the biannual renewal fee is also $50
All real estate licensees must take 16 hours of
continuing education courses during the two-year license period.
Six of the courses are mandatory and the rest are real estate electives.
Indiana currently has
reciprocity agreements with 13 other states.
The
real estate examinations are given electronically by ASI, an approved testing facility, and the
examination fees are paid directly to ASI.
Real estate licenses are renewed every two years in Indiana, whether they are
active or inactive. Salesperson licenses expire on December 31st of odd numbered
years, and broker licenses expire on December 31st of even numbered years. When
a licensee has not taken the required continuing education courses their license
is held on an inactive basis as long as they pay the renewal fee. To activate
an inactive license one needs to pay a $10 fee and file the required form.
Real estate careers are strengthened by membership in the many
organizations that provide services for the professional agent. Those holding
a real estate license usually join organizations like the
Indiana
Association of Realtors, the National Association of Real Estate Brokers (
NAREB),
and the Association of Real Estate License Law Officials (
ARELLO).
The National Association of Realtors (
NAR),
the world's largest professional association, assists many in locating
real
estate jobs within the industry. These organizations are also excellent
resources of real estate education.
We also offer information and resources for Indiana Commercial Mortgage