What Indiana Real Estate Classes do You Need to Earn Your License?
From setting your own hours to helping people find their dream homes, there are many key reasons to pursue real estate in Indiana. But of course, becoming a licensed real estate agent in Indiana is not something you can do overnight! You must take relevant real estate classes and pass the dreaded exam to earn your real estate license.
Understanding all of the requirements will help you properly prepare and ensure you take the correct classes at the right time. So, what Indiana real estate classes do you need to earn your real estate license? In this article, we’ll guide you through which classes to take and the basics for getting your real estate license.
Eligibility Requirements
Before you can start taking the necessary classes, you must meet the criteria for an Indiana real estate license.
To be eligible to earn your license you must:
- Be at least 18 years old
- Have your high school diploma or GED
By meeting those two requirements, you are on your way to becoming a licensed agent. As a note, there are no requirements to take the real estate class, only to acquire a license.
What classes do you need to take?
Pre-Licensing Course
First, you must complete an approved 90-hour real-estate broker pre-license course. The course must meet the requirements of the Educational Real Estate License in Indiana. This course educates you on the important topics in both the state and national sections of the exam.
There are both online and in-person course options for the pre-licensing course. Online courses are ideal for those who want to work at their own pace, while in-person Indiana real estate classes foster a collaborative group setting.
The course covers topics including:
- Property and license law
- Agency
- Investments and taxes
- Environmental issues
- Contracts
- Fair Housing
- All other required topics
After completing your pre-licensing course, you must pass the Indiana real estate license exam with at least a 75%. Diligent studying and class participation will help you prepare for this exam and avoid needing to retake it. However, not passing on the first try is fairly common and nothing to be ashamed of!
Post-Licensing Course
Once you’ve passed your real estate exam, congrats! You can apply for your Indiana real estate license. But you still aren’t finished with the courses!
Within the first two years of acquiring your real estate license, you’ll need to complete the approved 30-hour post-licensing course. This course is to fulfill your continuing education requirements.
The course must adhere to the requirements of the Indiana Professional Licensing Agency. The agency outlines how many hours the course must dedicate to each topic. The required topics are:
Financing
Real estate brokers must understand home financing so they can best serve and guide their clients. The course covers 6 hours of financing material including:
- How to determine a credit score
- Mortgages- types, how they work, etc
- Building credit
- Loan types
Real Estate Transactions
6 hours of real estate transaction education is included. The topics include:
- Offers
- Counteroffers
- How closing works
- Contracts
- Required disclosures
- Listing and purchasing agreements
- Unauthorized practice of law
Marketing and Sales
Successful brokers understand sales and marketing well. Continuing education includes 10 hours of sales and marketing topics such as:
- Generating leads
- Networking
- How to grow your business
- Business planning
Negotiating
Negotiation is vital in the real estate industry. Brokers with excellent negotiation skills are extremely valuable to clients. 5 hours of continuing education are spent on negotiation. They cover the principles, phases, and factors affecting negotiation.
Fair Housing
The Fair Housing Act regulates real estate. Brokers must know these laws, which is why they must complete 1 hour of continuing education on the topic. The course will review state and federal laws, diversity, prohibited practices, and more.
Construction
The construction process is something else brokers should understand. Continuing education includes 2 hours on construction topics including:
- Building permits
- Styles and types of buildings
- Foundations
- Heating and cooling
- Building inspections
- Sustainable building practices
- And more!
Yearly Continuing Education
You will also need to complete an additional 12 hours of continuing education yearly after your post-licensing course. This is a license renewal requirement. However, you can select the topics you’d like to learn more about.
Education providers will offer different continuing education courses to choose from. We have a wide array of continuing education courses including Indiana License Law, Home Inspection Issues, Agent Safety, and more.
Get Started With Your Pre-Licensing Course in Indiana
There are several courses you must take to get your real estate license in Indiana. The truth is that brokers are never done learning, as continuing education is part of their yearly license requirement. This ensures that brokers stay up-to-date with the latest laws, trends, and key factors in real estate.
But it all starts with your Indiana pre-licensing course. This is the first course you must take to kick off your journey to become a licensed real estate agent in Indiana.
When selecting a course, you should opt for one that best suits your learning needs. Here at the Indiana Real Estate Institute, we offer several tiers and styles of pre-licensing Real Estate Broker classes. We focus on fostering a highly engaging environment that will help all prospective agents learn their best.
Our affordable Basic course meets all Indiana requirements and includes a guide to passing the state portion of the exam, as well as a complete library of materials. Those looking for additional study resources, including practice exams, study guides, access to YouTube videos, and more may benefit from our Premier class.
Additionally, we also offer courses online, virtually, or in person. With an online course, you work at your own pace in our cloud-based platform. Virtual courses allow you to tune in to live courses from anywhere. Work with instructors in a classroom setting during in-person classes. The options make it easy for you to choose the option that best suits your lifestyle and needs.
If you’re interested in becoming a real estate agent in Indiana, now is the time to register for the pre-licensing course. Connect with our team to learn more or sign up now!
