Getting your Indiana Real Estate License is the first step to becoming a real estate broker in Indiana. Nowadays, this process can be done almost entirely online. You will still need to take your Indiana real estate license exam in person, but the rest of the process can be completed entirely online!
This article outlines the process to get your IN Real Estate License in an easy to understand, step-by-step manner. You’ll learn how much it will cost, how long it will take, what is on the exam, and much more.
How to Become a Real Estate Broker in Indiana
Becoming a real estate broker in Indiana is as simple as getting your license and getting to work selling real estate! As long as you fulfill the below requirements, you are already on your way to your goal.
Indiana Real Estate License Requirements
The requirements to become a real estate agent in Indiana are:
- Be a citizen of the United States or a lawfully admitted alien
- Be 18 years of age or older
- A high school degree or the equivalent (GED)
How to Get Your Real Estate License in Indiana
Step 1. Real Estate Pre-Licensing Course
The first step to getting your real estate license in Indiana is to complete your pre-license education hours.
Real estate broker license applicants must complete an approved 90-hour real estate pre-licensing course. This course is divided into three 30-hour sections.
Most people choose to take their pre-license education course online. The majority of online courses are self-paced and include study materials like real estate practice exams and flashcards. Some also come with a “guarantee” that you will pass the exam on your first attempt if you complete their course. These benefits are all dependent on the education provider and package you choose, so be sure to get the course that best suits your needs.
Remember that the point of these courses isn’t just to check a box and complete a requirement, but rather to prepare you to pass your exam and become a better agent.
Recommended Course
For real estate license exam courses and study tools, StateRequirement recommends: The CE Shop
Indiana does not require the final pre-license exam to be supervised by a proctor. This is not the same as the state exam. This test is provided by your pre-license education company and is an indication that you have completed and retained the information from your pre-license education course.
Similar to the state exam, this test is closed-book and closed-note. You are allowed a basic-function calculator and scratch paper, but no cell phones or outside internet access.
Step 2. Indiana Real Estate License Exam
After you’ve completed your pre-license education, it’s now time to take the Indiana Real Estate Exam.
The Indiana Real Estate Commission has announced the option of taking the licensing exam remotely instead of at a physical testing center location. PSI will still have in-person on-site testing still available for those students who wish to take the exam in-person instead of online.
The fee to take the exam is $53 per attempt.
The Indiana Real Estate Exam consists of 130 questions. This includes 80 for the National section and 50 for the State section.
You will have 240 minutes (4 hours) to complete the entire exam. The National section time is 150 minutes (2.5 hours), and the State section time is 90 minutes (1.5 hours).
A passing score for the Indiana Real Estate Broker Exam is 60/80 on the National section and 38/50 on the State section.
Immediately after completing your exam, you will receive a scoring document that states whether you passed or failed. If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies.
How Hard is the Indiana Real Estate Exam?
The passing rate for the Indiana Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!You can register to take your exam on the PSI Indiana Real Estate page. On this page, you will find some other helpful resources as well, including the Candidate Handbook and Content Outline.
Before taking the exam, check out StateRequirement’s guide on how to pass the real estate exam. This in-depth guide works as a great partner to your pre-license course to prepare you to pass on your first attempt!
Step 3. Real Estate License Application
Once you’ve passed your state license examination, it is now time to apply for your Indiana Real Estate Broker license.
The fee for this application is $60.
You must submit the proper application forms, which you will receive from the testing service when you pass the exams to the Indiana Real Estate Commission. You will need to mail them to the address below:
Indiana Real Estate Commission, Indiana Professional Licensing Agency
402 W. Washington St., Room W072
Indianapolis, IN 46204
Step 4. Application Review
Once you’ve passed your exam, you must be associated with a current and active Indiana sponsoring broker to issue your license. In most cases, this process should take about 10 business days. After this, you should receive an email from Indiana Real Estate Commission with a license document. If you have any questions at this point, you should contact IREC at (317) 234-3009.
Congratulations!
Be sure to take some time to celebrate your accomplishment. You’ve put in a lot of work and effort and deserve a celebration!
Step 5. Real Estate License Sponsorship
If you do not have a broker with which to affiliate, your license will be placed in an “Unassigned” status. Once you have found a broker to be affiliated with, you may submit a reassignment form or transfer your license to a company or managing broker using our online transfer system.
If you don’t yet have a broker to work with check out StateRequirement Jobs for a real estate salesperson opening in your area.
Indiana Real Estate License FAQ
How Much Does it Cost to Get a Real Estate License in Indiana?
All Indiana fees: $365
Real Estate Pre-Licensing Education (Estimated): $469-$684
The total estimated cost to get an Indiana Real Estate license is $835-$1,050.
How Long Does it Take to Get an Indiana Real Estate License?
The two steps that take the most time when getting your license are pre-license education and test preparation. The average amount of time that people take from start to finish is generally 3-6 months.
If you dedicate a full-time schedule to this process and study hard, you could possibly complete this process in 2 months. We wouldn’t recommend trying to go any faster than this. Take your time to study and prepare yourself for the exam.
How to Get an Indiana Commercial Real Estate License?
To sell commercial real estate in Indiana, a standard Broker license is all that you need. There is no specific “commercial real estate license”.
If you wish to take on a career selling specifically commercial real estate, choose a broker that handles the types of deals that you want to be a part of.
Are There any Real Estate Jobs Open Around Me?
Check out StateRequirement Jobs to find open real estate jobs in your area!
IPLA – Indiana Professional Licensing Agency
Mailing Address:
Indiana Real Estate Commission
402 W. Washington Street Room W072
Indianapolis, IN 46204
Phone: (317) 234-3009
Fax: (317) 233-4236
Email: Contact Us
Website: https://www.in.gov/pla/real.htm
Information on this page has been gathered by a multitude of sources and was most recently updated in July 2022.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state's authority on insurance.
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