Real Estate License Requirements in Indiana
The Indiana Real Estate Commission is part of the state's Professional Licensing Agency. This is the agency that oversees real estate license requirements in Indiana. Those wishing to become real estate professionals in the state should familiarize themselves with the requirements. This is the first step on the road toward a career in real estate sales.
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Ethics
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Indiana requires the highest ethical standards for real estate professionals working in the state. This means that you cannot have had your license suspended or revoked for any reason. This includes both direct and indirect revocation, such as having a corporate license revoked. The state further requires that those applying for real estate licenses have a clean criminal record free of both misdemeanors and felonies.
Education
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The Indiana Real Estate Commission sets education prerequisites for real estate professionals. You must attend a real estate school approved by the Indiana Real Estate Commission (see Resources). You must also take at least eight credit hours of instruction at an accredited college or university in Indiana. To renew your license, you are required to take 16 credits of continuing education between when you get your license and June 30 of even-numbered years.
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Exam
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All real estate professionals working in Indiana must pass a state licensing exam. You must complete this exam at the end of your coursework. Once you have completed the exam, you will submit your application for a license to the state. You have one year after completing the exam to submit all of your application materials to the Indiana Real Estate Commission.
Broker's License
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The requirements for a broker's license are much the same as those for a real estate salesman. Brokers supervise salesmen, so the position requires more education and experience. Your coursework must be dedicated to learning about being a broker rather than a salesman. You must also have experience as a salesman and working for a real estate agency under the supervision of a broker. This experience must be at least an uninterrupted period of one year.
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