What Education Do I Need to Become a Real Estate Agent in Indiana?
If you’re thinking of becoming a real estate agent, you’re probably wondering what type of education you might need to complete before you start out. Thankfully, the path to becoming a real estate agent in Indiana is possible for anyone who is dedicated and fully determined to start out on this career path. This guide will go over what it takes to become a real estate agent in Indiana, including all of the education you’ll need to complete.
Education Required To Become A Real Estate Agent In Indiana
To become a real estate broker in Indiana, you’ll need at least your high school diploma or GED. Then, you’ll need to take further specialized courses to better prepare yourself for the work and familiarize yourself with the industry. The path to becoming a real estate agent varies from state to state in the U.S., but in Indiana, it is pretty straightforward. In addition to a high school diploma or GED, you’ll need to take pre-licensing courses, complete an exam, and work with a broker to prepare yourself to work in the field. Let’s take a deeper look at the steps to becoming a real estate agent in Indiana.
Obtain Your High School Diploma Or GED
In order to become a real estate agent in Indiana, you must have a high school diploma or GED, or equivalent. There is no college degree required to become a real estate agent in the state of Indiana. You also must be 18+ years of age in order to complete the prerequisites to become a real estate broker in Indiana. While some states require real estate agents to be 21+ to become a broker, Indiana has no such requirement.
Take A Pre-Licensing Course
The first step to becoming a licensed real estate agent in Indiana after you finish high school is to complete your approved 90-hour pre-licensing course. You can take a pre-licensing course in a traditional classroom setting or online from home.
In most cases, both formats offer the same information and curriculum requirements online and in-person—but there are some differences that may make one option more appealing to you than another. At the Indiana Real Estate Institute, we offer online courses, live classes, and in-person classes with our faculty so you can choose which format best suits your lifestyle and learning preferences.
Pass Pre-Licensing Course Exams
To complete your 90 hours of training during your Indiana real estate pre-licensing course, you will be required to take three exams to test your knowledge of the real estate industry. You will need to score at least 75% on the tests in order to pass and move on to the Indiana Real Estate Exam.
Pass Indiana Real Estate Examination
To get your real estate license in Indiana, you’ll need to take and pass the state-administered exam administered by PSI called the Indiana Real Estate Examination. The exam must be taken within one year of completing the pre-licensing course and covers general law, ethics, and practice management, as well as financing and real estate transactions. It has 125 questions.
The Indiana Broker Pre-licensure Exam includes two separate sections, of which students must pass both:
- National section with 75 multiple-choice questions, worth 80 points. The passing score is 60 points. The time allowed is 150 minutes.
- State section with 50 multiple-choice questions, worth 50 points. The passing score is 38 points. The time allowed is 90 minutes.
Students are able to take an in-person proctored exam or a virtually proctored exam from a distance. You will need to earn at least a 75% on the test in order to pass, much like the tests in a broker pre-licensing course.
To prepare for the Indiana Real Estate Examination, you should ensure that you pay attention during your pre-license course and study outside of class, too. If you want extra assurance that you will pass the exam, you might consider signing up for additional exam prep courses.
Find A Sponsoring Broker
Once you have successfully passed the Indiana Real Estate Examination, you’ll need to find a sponsoring broker. Your sponsoring broker will serve as your mentor, showing you how to get started first-hand in your journey to becoming an excellent broker. When finding a sponsoring broker, you should find one that fits your professional career interests and whom you enjoy working with.
Complete Your Application
The final step to becoming a licensed real estate agent in Indiana is to complete the application. The application will allow you to formally obtain your Indiana real estate license, awarded to you by the Indiana Real Estate Commission.
Indiana Real Estate Institute
If you’re ready to start your journey to becoming a licensed real estate broker in the state of Indiana, you’ll need to take a 90-hour pre-licensing course to learn more about how the real estate industry works. It’s important to take real estate classes at a school that suits your needs so you can start your new career off on the right foot.
For the best 90-hour pre-licensing courses in Indiana, look no further than the Indiana Real Estate Institute. We offer both asynchronous and synchronous digital instruction, as well as in-person courses so you can choose the option that works best for you. We’re dedicated to not only preparing you to pass the Indiana Real Estate Examination on your first try, but also to helping you truly start your career off on the right foot as you take your first steps into being a broker.
Contact us today to learn more about how we can help you get started on your journey to becoming a licensed real estate broker in Indiana!