In this guide you’ll learn all the details you need to know to get your license and become a real estate agent in Indiana.
You’ll learn the basic real estate licensing requirements in Indiana, information about the exam including pass rates and test prep, reciprocity rules, county by county breakdowns of the most expensive real estate in Indiana, and more.
Okay, grab a cup of coffee, and let’s start at the beginning.
Basic Indiana Real Estate Licensing Requirements
Getting a real estate license in Indiana is a little tougher compared to other states. You need a total of 90 classroom hours of commission-approved pre-licensing courses. In comparison, to get a license in Florida, real estate licenses require applicants to complete only 63 hours of courses. Here’s a quick breakdown of the real estate licensing requirements in Indiana.
Pre-licensing Courses Required in Indiana
In order to get a real estate license in Indiana, you will need to complete 90 hours of real estate pre-licensing courses that will cover:
- 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
Indiana Real Estate Exam Information
If you work hard and take the courses seriously you should have no problem passing the exam. If you’re looking for help studying for the test, we recommend Real Estate Exam Scholar’s Exam prep course. They offer top-notch exam prep for an affordable price. Even better, they also offer a money back guarantee if you don’t pass on the first try.
Visit Real Estate Exam Scholar
Indiana Pre-Licensing Exam Questions
- Total of 130 multiple-choice questions
- 80 questions on the national portion (60 correct required to pass)
- 50 questions on the state-specific portion (38 correct required to pass)
What to Bring to the Exam
- 2 Government-issued IDs
- Proof of completed education requirements
- Simple functioning calculator
Passing Score
You must earn a score of 75 or higher to pass the Indiana Real Estate Exam
Pass Rate
N/A
Indiana Real Estate License Fee
$35
Exam Fee in Indiana
$57
Education Requirements
You need to have at least a high school diploma or GED in order to apply for a license in Indiana.
Age
Applicants must be at least 18 of age or older
Residency
Any U.S. citizen or a lawfully admitted alien can apply.
Exemptions
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.
Criminal Background
You must not have a conviction for any crime that would lead the Indiana Real Estate Commission to believe that you are a danger to the public.
Online Real Estate Schools in Indiana
While taking your real estate pre-licensing course in person can be helpful, online courses are much cheaper and offer the exact same courses. Career WebSchool is a solid choice.
Indiana Real Estate License Reciprocity and Portability
If you plan on working in states besides Indiana, then you need to know the real estate license reciprocity and portability laws for Indiana.
- Reciprocity: Indiana has reciprocity agreements with the following 14 states:
- Arkansas
- Colorado
- Connecticut
- Florida
- Georgia
- Illinois
- Iowa
- Kentucky
- Massachusetts
- Mississippi
- Missouri
- Nebraska
- Oklahoma
- Wisconsin
- Portability: Cooperative
To learn more about real estate license portability in Indiana, check out our guide on real estate license reciprocity and portability here.
How to Choose the Right Real Estate Company to Work For in Indiana
Let’s face it. Choosing the right brokerage to work for in any state isn’t easy. In order to make your choice a little bit easier, check out our in-depth guide on choosing the right real estate company to work for.
Once you’ve finished reading the guide, check out our buyer’s guide comparing Keller Williams, RE/MAX, and Century 21 here.
If you’re curious about which Indiana brokerages are the most successful, check out Real Trends list of the top real estate brokerages in Indiana for 2016 below.
Indianapolis
| Real Estate Brokerage | Sales Volume (2015) |
|---|---|
| F.C. Tucker Co. Inc | $2,253,981,298 |
| CENTURY 21 Scheetz | $1,152,048,010 |
| Carpenter Real Estate | $1,044,400,000 |
| RE/MAX Ability Plus | $707,297,527 |
| Keller Williams Realty Indy Metro South | $459,442,831 |
Ft. Wayne
| Real Estate Brokerage | Sales Volume (2015) |
|---|---|
| Coldwell Banker Residential Brokerage/Sotheby’s International Realty/NRT | $15,360,816,000 |
| Keller Williams - Forward Management | $5,475,318,335 |
| Rodeo Realty | $4,997,890,000 |
| First Team Real Estate | $4,845,344,000 |
| RE/MAX Estate Properties | $4,452,000,000 |
*Data from Real Trends Market Leaders 2016
Indiana Counties with Highest Average Listing Price and Highest Median Sales Price 2016
Let’s face it, higher listing prices mean higher commission checks! To get a sense of which counties offer the best opportunities for big bucks in Indiana check out this sales data from Trulia’s Indiana home price page below:
| County | ||
|---|---|---|
| Boone | ||
| Hamilton | ||
| Porter | ||
| Monroe | ||
| Brown | ||
| Kosciusko | ||
| Johnson | ||
| Bartholomew | ||
| LaPorte | ||
| Hendricks |
Submit Your Comment
Disclaimer: Reviews on FitSmallBusiness.com are the product of independent research by our writers, researchers, and editorial team. User reviews and comments are contributions from independent users not affiliated with FitSmallBusiness.com's editorial team. Banks, issuers, credit card companies, and other product & service providers are not responsible for any content posted on FitSmallBusiness.com. As such, they do not endorse or guarantee any posted comments or reviews.
You must be logged in to comment. Click the "Log in With LinkedIn" button below to connect instantly and comment.