what is the indiana real estate managing broker course?

Full Answer

How to become a managing broker in Indiana?

With the recent changes in the license law, broker-owners in Indiana are referred to as the “Managing Broker” of the firm. To become a Managing Broker, you must meet the following qualifications: Hold a broker’s license for at least two years Complete a 24-hour Managing Broker Course

How many hours of continuing education does a real estate broker need?

(a) Every licensed real estate broker who has not been granted: must complete at least twelve (12) hours per continuing education year of approved education courses under IC 25-34.1-9-11 and this article that are given by commission-approved sponsors.

Can I start my own real estate firm in Indiana?

Starting your own real estate firm involves reams of paperwork and a whole lot of planning; however, managing your own firm can be one of the most rewarding experiences of your professional career. With the recent changes in the license law, broker-owners in Indiana are referred to as the “Managing Broker” of the firm.

What is a managing broker?

A managing broker is a broker who has the responsibility to manage an office or agency, all aspects of operations and the conduct and compliance of other agents in the office. Becoming a Managing Broker Learn what you need to know about becoming a managing broker. What is a Managing Broker

How do I become a managing broker in Indiana?

Become a Managing Broker in the state of Indiana with a real estate education from Hondros College.Hold an “Active” broker license for at least 2 years.Complete a 24-hour managing broker course.Once you qualify, you can apply to the commission for the eligibility.

What is a real estate brokerage management?

A real estate managing broker is a licensed real estate broker that supervises a team of real estate agents. They are responsible for verifying the continued licensing of their agents, hiring, onboarding, and training new agents, and ensuring the performance and legal compliance of their team.

How many questions are on the Indiana real estate broker exam?

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. You will receive your score immediately after you complete your exam.

How long is the real estate course in Indiana?

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.

Why do most real estate agents not want to get into property management?

Some real estate agents found property management difficult, time-consuming, and unrewarding. And these agents' sponsoring brokers found that the legal liability of property management can be very expensive, if not handled well.

What is the difference between real estate agent and broker?

Real estate agents have a professional license to help people buy, sell, and rent real estate. They must work for a sponsoring broker or brokerage firm. Brokers are real estate agents who have completed additional training and licensing requirements.

How difficult is the Indiana real estate exam?

To register for the exam, create an online account or call 855-746-8172. 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.

How many times can you fail Indiana real estate exam?

After 4 attempts, candidates must retake their Pre-Licensing courses. Indiana: Candidates who pass one portion of the exam and fail the other need retake only the portion they failed as long as they retake and pass the failed portion within one year of completing the required Pre-Licensing education.

How do I study for the Indiana real estate exam?

0:0037:55Indiana Real Estate Exam 2021 (60 Questions with Explained Answers)YouTubeStart of suggested clipEnd of suggested clipWelcome to the 2021. Indiana real estate exam. This test has 60 questions with explained answersMoreWelcome to the 2021. Indiana real estate exam. This test has 60 questions with explained answers that will help you prepare for the task.

How long does it take to become a broker in Indiana?

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.

How much does a realtor make in Indiana?

The average salary for a realtor is $92,355 per year in Indiana.

Can you take the Indiana real estate exam online?

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.

How long does it take to complete real estate courses in Indiana?

The state requires schools to report course completions within seven to ten days from the course completion date.

How many hours of continuing education is required for a real estate license in Indiana?

Continuing Education and License Renewal Date: 6/30 every three years. Hours Required by The State: 36 hours (12 hours is required for each year of the 3-year renewal cycle) The CE Shop is an approved real estate school for continuing education in Indiana.

Course Outline

This four hour course of continuing education content is specially designed for managing brokers in the State of Indiana.

Instructor Bio

Sheri has been an online instructor for AYPO's Real Estate education classes for over 5 years and is a licensed real estate instructor across the United States. Growing up in a military family, Sheri became very patriotic, developed an adventurous spirit, and grew passionate about helping people. In 2005 Sheri became a principal broker and opened Oregon Ranch & Home Real Estate in order to better serve her clients.

What is a managing broker course in Indiana?

Specifically, the course covers and checks the managing broker’s knowledge of critical topics that include brokerage operation laws and start-up, business financing and planning, broker affiliation and compensation, earnest money and trust accounts, advertising and consumer protection, social media, recruiting and professional development, prospecting, fraud, and meditation and arbitration.

How to become a managing broker?

The law requires that to qualify for the managing broker eligibility you must: 1 Hold an “Active” broker license for at least 2 years 2 Complete a 24-hour managing broker course 3 Once you qualify, you can apply to the commission for the eligibility