Getting your Indiana real estate license requires 90 hours of prelicensing education specified by the Indiana Professional Licensing Agency (PLA) before you can represent buyers and sellers. It’s also worth noting that licensed professionals in the Hoosier state are known as brokers, not agents, even if they don’t manage a team. Other than that tiny distinction, the process is simpler than becoming a real estate agent in other states and includes passing the exam, choosing a brokerage to work for, and applying for your license.
Learn more by following this step-by-step process:
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1. Meet the Legal Requirements for Your Indiana Real Estate License
The state of Indiana has very standard legal requirements to acquire your real estate license. You need to be at least 18 years old, have a high school diploma or GED, and must be a U.S. citizen or lawfully admitted resident.
If you have a criminal record, you must fully disclose that information on your application. The PLA board has the discretion to either approve or deny your application, but prior to a denial, they may ask for your appearance in front of the board to further discuss your application. If you are requested to appear, you may be asked for supplemental information to explain the criminal event, which can be obtained from the court or law enforcement agency of record that processed the matter.
Did you know? If you would like to work in states besides Indiana, you need to know the real estate license reciprocity and portability laws specific to each state. While Indiana does hold specific reciprocity with any state, you can reach out to the PLA to see if you can apply for reciprocity with your current license. Indiana is also a cooperative state in terms of portability.
This means Indiana allows out-of-state real estate agents or brokers to physically enter the state to conduct real estate business. However, in order for out-of-state agents to work on a real estate transaction, they must have a co-brokerage agreement with a licensee of that state.
2. Complete Required Prelicensing Courses
To get the process started, you will have to complete the 90 hours of required prelicensing education through either an accredited online real estate school in Indiana or in-person. Prices can range depending on your school, but online education is around $484 to $625 and will cover a variety of topics, including:
- Indiana Real Estate law
- Real Estate Brokerage Operation
- Real Estate Finance
- Real Estate Contracts
- Commission Rules
- Closing Real Estate Transactions
- Earnest Money and Trust Accounts
- Property Management
- Financing
- Real Estate Loan Underwriting
Did you know? Any active member of the Indiana Bar who is in good standing and qualified under the real estate license law is exempt from taking the real estate prerequisite course.
After completing the 90 course hours, you will be required to pass a school exam administered by your education provider either in-person or proctored online. A score of at least 75% will earn you your official Certificate of Completion, which will be needed when you apply for your Indiana real estate license. Once you have fully completed these prelicensing requirements, you’re ready to continue on to the next step in the licensing process.
Finding an online real estate school that best suits your needs and learning style can be difficult, but we can help with that. Take a look at our guide to the best accredited online real estate schools to get an idea of what’s available. If you’re ready to start today, Colibri Real Estate can be a great option for you. That way, your 90 hours can be customized to fit your schedule.
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3. Take the Indiana Real Estate Exam
The Indiana real estate exam is much less difficult if you’ve studied and prepared with your prelicensing education. There is a state and a national portion of the real estate exam, and it is necessary to pass both sections. Since the test is taken on the computer, you will receive your results immediately after the exam. If you fail the exam, you can retake both sections or you can just retake the failed portion.
Luckily, Indiana allows you to retake the exam as many times as necessary within one year of the required prelicensing education course completion date.
Indiana Real Estate Exam Details
Test Format | Multiple choice |
|---|---|
Test Length | 125 questions
|
Time Limit | 4 hours |
Items to Bring to Exam | 2 government-issued IDs:
|
Passing Score | 75% to pass the Indiana Real Estate Salesperson Exam (at least 60 correct on the national portion, and 38 correct on the state portion) |
Pass Rate | Unfortunately, unlike other states, Indiana does not publish its average passing rate |
The Indiana real estate exam is provided by PSI, which is a national provider for state licensing exams. In order to begin scheduling, you’ll be required to create an account on the PSI website, which will then allow access to the scheduling portal. You will receive a copy of the Candidate Information Bulletin for additional testing information. The fee to take the exam is $53 and can be paid directly on the website using a credit or debit card.
If you’re looking for help studying for the test, we recommend PrepAgent for a comprehensive exam prep course. They offer top-notch exam prep for an affordable price. Even better, they offer a money-back guarantee if you don’t pass on the first try.
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For extra guidance on passing your real estate exam, download our Exam Prep e-book. We include a pre-assessment to test your knowledge as well as helpful information about what’s included in the exam, the length and structure of the exam, study tips, and sample questions from PrepAgent.
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4. Pick a Sponsoring Brokerage to Work For
To have an active real estate license in Indiana, you must find a sponsoring brokerage to work under. There are many brokerages in Indiana that are outstanding, but here are the top five brokerages reported for 2022*:
Rank | Team Name | Company | City | Volume |
|---|---|---|---|---|
1 | Indiana Home Experts | Century 21 Bradley Realty, Inc. | Fort Wayne | $85,023,804.75 |
2 | Team Wehle | Realty Executives Premier | Valparaiso | $85,000,000.00 |
3 | Micky Gallas Group | @properties | Michigan City | $68,831,979.88 |
4 | Forney Group | Keller Williams Indy Metro | Indianapolis | $64,324,654.00 |
5 | Central Indiana Real Estate Group | Keller Williams Realty | Brownsburg | $64,289,787.00 |
*Data from Real Trends
5. Apply for Your Indiana Real Estate License
Once you’ve passed your exam and decided on the brokerage you’d like to affiliate with, it’s time to apply for your licensure. Your application must be received within one year of passing the examination and can be completed online through Access Indiana or by mail using the paper application. Regardless of which you choose, you will be asked to provide the following paperwork with your application:
- $60 application fee: If applying online, it can be paid via credit or debit card; if by mail, a check or money order made payable to Indiana Professional Licensing Agency.
- Prelicensing course completion certificate: Document from your education provider certifying that you completed the 90-hour requirement.
- Licensing examination score report: Original score sheet stating you passed your licensing exam.
- Broker company information: Provide the name and license numbers of the brokerage you will be working under (if this section is left blank, your license will be issued in unassigned status unless you select inactive).
- Positive response documentation (if applicable): If you answered “yes” to a criminal history, you will be required to fully explain and include court documentation and details.
It will take about two days for your application to be received and reviewed. Once your license has been approved, you will be sent an email notification and can confirm by revisiting the Access Indiana website. Your license card can either be mailed or immediately downloaded and printed.
6. Start Your Real Estate Career
Now that you’ve learned how to get a real estate license in Indiana, you’re ready to start your real estate journey.
