Frequent question: What do you need to get a real estate license in Indiana?

What are the requirements for a real estate license in Indiana?

What requirements must I meet to apply for a real estate license? You must be at least 18 years of age, have a high school diploma or GED, complete an approved 90 hour real estate pre-licensing course, and pass the licensing examination.

Is the Indiana real estate exam hard?

The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.

How long is the Indiana real estate exam?

The state specific part of the Indiana Real Estate Sales Agent Exam is comprised of 50 questions. A passing score on this section is 75%, therefore, you must answer 38 questions correctly to pass. The time limit to complete the whole Indiana Real Estate Salesperson Exam is 4 hours.

How much does an Indiana Realtor make?

The average salary for a real estate agent in Indiana is around $48,562 per year.

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How do Realtors get paid?

Many real estate agents are paid a weekly wage, which builds up between sales. They don’t earn any of their commission until it exceeds what they’ve earned in payments – kind of like a ‘wage debt’.

How long is Indiana real estate license good for?

Indiana Real Estate License: Broker

Brokers need to complete 36 hours of CE to renew their license every 3 years; however, 12 of the 36 CE hours must be completed EVERY year. As of July 1, 2014, a broker must complete within the first two (2) years of licensure thirty (30) hours of approved post licensing education.

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.

Is getting a real estate license worth it?

Getting licensed takes both time and money – not something every new investor has. If you can use your real estate license for deals, networking or to save or earn more money, it is worth the investment. Of course, you can always work with licensed people, but sometimes having your own avoids a lot of hassle.

What is the hardest state to get a real estate license?

Hardest States to get a Real Estate License

Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.

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Can you use a calculator on the Indiana real estate exam?

Calculators are usually required to be silent, battery-powered, and nonprogrammable. In general, anything that can carry text won’t be permitted. Those of you who have a calculator feature built into your cell phones may not be permitted to use them.