Full Answer
Along with proof of completion of pre-licensing education and a passing score on both the state and national portions of the licensing exam, the application for an Indiana Broker’s License must be submitted within one (1) year of passing both portions of the state license examination.
How long is the Indiana real estate license exam? The 3 exams are composed of 100 questions each. You will need to pass each exam with a 75% or higher and the exams are not timed.
After this 2 year period, you will be required to start a 3 year cycle and complete 12 hours of CE each year. You can view our Continuing Education courses for Indiana real estate brokers here.
The state requires a score of 75% or higher to pass the exam. How do I submit my Indiana Broker application?
Complete a state-approved 30-hour Broker post-licensing course within 2 years of your license issue date; this course is required and satisfies your initial continuing education (CE) requirement during the first 2 years of licensure.
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.
You can take your real estate broker exam as many times as necessary to pass as long as you retake it within one year of your course completion certificate date.
Depending on their state's requirements, prospective brokers must spend one to three years working as a real estate sales agent before they can apply for licensure. It may take additional weeks or months to complete the required training course and pass the broker licensing examination.
90-hourReal estate broker license applicants must complete an approved 90-hour real estate pre-licensing course. This course is divided into three 30-hour sections. At the conclusion of each of the three sections, students are required to pass a PROCTORED 100-question exam.
Is the Indiana real estate exam hard? Yes, and you're right to worry about how many people pass the real estate exam the first time around. Over 50 percent fail the first time. To improve your chances of passing, in addition to studying, you may want to look into pre-licensing course packages some companies offer.
The average salary for a realtor is $92,257 per year in Indiana.
The 3 exams are composed of 100 questions each. You will need to pass each exam with a 75% or higher and the exams are not timed.
For the broker exam you are allowed 2 1/2 hours for the national portion and 90 minutes for the state portion, for a total of 4 hours.
First, you must have completed 24 months as an active real estate sales associate for five years before becoming a licensed broker or real estate sale associate broker before applying.
What Is the Difference Between a Real Estate Agent and a Broker? A real estate agent is an industry professional who facilitates real estate transactions under a brokerage. A broker may work independently to facilitate real estate transactions or start their own brokerage and employ real estate agents to work for them.
How Much Do Real Estate Agents Make At Most? According to the Bureau of Labor Statistics, U.S. real estate agents will earn a median income of $56,000 per year in 2020. It cost about $49,000 according to the figures.
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.
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 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)
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.
Next, you will take the Indiana Real Estate Licensing Exam, administered by PSI. This 125-question test is comprised of two portions, covering both state and national requirements. For more information, see the PSI candidate handbook.
The minimum passing score is 75% .
Beginning December 2, 2020 , PSI has launched a remote proctoring option for IN licensing candidates. A student can schedule their exam here. For any scheduling questions or issues, please contact PSI at (855) 746-8172.
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 broker exam consists of 75 national questions and 50 state law questions. To pass you must correctly answer at least 60 national questions and 38 state-specific questions.
For the broker exam you are allowed 2 1/2 hours for the national portion and 90 minutes for the state portion, for a total of 4 hours.
2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver's license, passport, green card, U.S. social security card, debit or credit card with signature). If your name on your registration is different than on your identification, you must bring proof of your name change.
To become a licensed real estate broker in Indiana includes completing the following:
The amount of time to get your Indiana real estate broker license varies due to the number of steps involved. Most complete the requirements within a few months. These include completing education, scheduling the IN broker licensing exam, successfully passing the licensing exam, and finding a managing broker to support you.
The total cost to get a Indiana real estate license depends on a number of factors. The Indiana state exam costs $61 and to activate your license costs $60. Pre-Licensing coursework pricing with The CE Shop starts at $489.
The 3 exams are composed of 100 questions each. You will need to pass each exam with a 75% or higher and the exams are not timed.
Indiana doesn't have agreements of reciprocity with any states at the moment. However, you may still qualify if your original licensure state has similar requirements to Indiana.
It's difficult to determine the "average salary" of a real estate agent in Indiana, seeing as there is so much variance. According to Indeed.com, full-time Indiana agents average about $73k per year.
Indiana requires all agents to complete a 30-hour post-licensing course within 2 years of licensure. This course satisfies your CE for your first 2 years of licensure. After this 2 year period, you will be required to start a 3 year cycle and complete 12 hours of CE each year.
Go to MyLicense.IN.gov and you will either need to create or login to your Access Indiana, single sign-on account. You will complete the online application and submit payment with a credit or debit card. You will be contacted by a customer service representative with details of what additional documentation is required to complete your application.
If you are currently licensed in another state you may contact our office to find out if we have reciprocity with your state of licensure.
Application For Activation of License - For inactive, referral or unassigned licensees wanting to Activate