Requirements for an Indiana Real Estate License

 

Steps to becoming a Broker in Indiana 

1) Take the 90 hour broker pre-licensing course. At the Tucker School of Real Estate, you will need to pass three 100 multiple choice question tests in the pre-licensing class with 225 points total.

2) Pass the Indiana Real Estate State Exam with a 75%, held by the state testing facility Pearson Vue. Click here to register for the state exam. Click here for a candidate handbook regarding taking the state exam.  The state exam is $55 each time you take it.

3) Start interviewing with companies you are interested in. It’s ideal to choose companies that are going to put you through training and be in an office where you’ll have managers who can guide and support you. You will need to find out commission splits and any other fees during your interviews.

4) Once you are ready to process your license with a company, you will pay $60.00 to the Indiana Professional Licensing Agency to process your application and activate your license. You will have one year to do this or the commission will hold your license inactive until you decide where to place it.

5) After you choose a company, you will need to join your board of realtors. In the Indy metro area, this board is the Metropolitan Indianapolis Board of Realtors (MIBOR). With MIBOR, you will pay a one time $400.00 application fee, along with pro-rated membership and technology dues. The dues are $760.00 a year and technology fees are $456.00 a year (or $245.50 twice a year).

 

License Reciprocity Information

If you have a real estate license in another state and would like reciprocity with Indiana, please call the IPLA at 317-232-2960 to see if your State will qualify. You will need to contact your current state licensing agency to get a “letter of good standing”, which will show your issuance date, expiration date and any disciplinary action status. You will turn this in with your Application for Licensure as a Real Estate Broker and your application fee.

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*Note- In Indiana, the term Broker and Real Estate Agent are synonymous*

*You must be 18 years of age and have received a high school diploma or equivalent to apply for your license with the state of Indiana*

Indiana Law provides that all residents of the state (and some non-residents) have the opportunity to earn an Indiana Real Estate license provided they have a high school diploma or a General Education diploma and have successfully completed other educational and testing requirements.

An exception to this rule exists dealing with individuals convicted of crimes that might have a bearing on that individual’s ability to be fair, safe, and honest with members of the public.

If an applicant has a previous felony conviction, and especially if that individual is currently on probation for that offense, the Tucker School of Real Estate encourages the applicant to contact the Indiana Professional Licensing Agency for counsel prior to enrolling in a pre-licensing class.