What Will I Learn from an Indiana Real Estate Pre-License Course?
What is an Indiana real estate pre-license course?
If you were hoping to become a real estate professional in the state of Indiana, there are two things you’re going to have to do. First, you’re going to have to take a real estate pre-license course with at least 90 hours. Then, you’ll have to use the knowledge and wisdom you gain there to help you pass a real estate pre-licensing exam.
Benefits of taking an Indiana real estate pre-licensing course
While the real estate pre-licensing exam isn’t insanely difficult, passing it wouldn’t be easy without taking a real estate class first. By taking the class, you can gain not only the information needed to pass the exam but valuable knowledge and skills that will help you excel in your real estate career later on- not to mention the valuable insight you’ll gain from your professor along the way.
What to Expect from an Indiana Real Estate Pre-Licensing Course
There are some requirements that you’re legally obligated to meet before becoming a real estate professional that is universal, like having a license. That being said, most of the laws regarding the real estate field are dictated on a state-specific level. In Indiana, you are required to be at least 18 years old, have a high school diploma (or GED/ equivalency certificate), take at least 90 hours of a real estate pre-licensing course, and successfully pass an Indiana Broker Real Estate Exam.
Real estate licensing requirements
Before you can apply for your Indiana real estate license, you have to take the aforementioned course and pass the real estate pre-licensing exam with a score of at least 75%. However, you aren’t just guaranteed to become a real estate professional after that. You have to apply for a license. Upon passing the exams, the testing services will provide you with an application you must fill out to the best of your ability and submit within a year of passing the exam.
The role of a real estate agent
Although many people get the two confused, a real estate agent and a real estate broker are two different positions. A real estate broker can write contracts, market homes, represent buyers/sellers, and more. A real estate agent, on the other hand, is typically supervised by a real estate broker. Although there are other responsibilities, the main role of a real estate agent is to represent buyers and sellers when a real estate transaction is taking place.
Real estate transactions
A real estate transaction, to put it simply, is the process of transferring real property and/or legal rights from one owner to another. Typically this will be from a single selling entity to a single buying entity, but in some cases, more parties may be involved.
Fair housing laws
Fair housing laws are federal laws put in place to protect minorities from discrimination when it comes to real estate. They prevent individuals from being harassed or denied on the basis of their ethnicity, skin color, sexuality, gender, religion, disability, etc.
All of these topics should be covered and explained in detail throughout the course at the bare minimum. Some courses may cover them in different ways, but all courses should go over them if they prepare you properly.
The Benefits of Taking an Indiana Real Estate Pre-Licensing Course
Understand the real estate industry
While it may not seem like it at first, real estate can be overwhelming and confusing, even for seasoned professionals sometimes. While there’s no way to guarantee that this won’t happen from time to time, the easiest way to prevent yourself from getting overwhelmed is to make sure you understand it as thoroughly as possible. Real estate pre-licensing courses will help you not only get the information you need but ensure that you understand it to the best of your ability so that you aren’t just going in blind.
Preparation for a real estate pre-licensing exam
As previously mentioned, the state of Indiana requires you to pass a real estate pre-licensing exam before you can become a licensed real estate professional. However, it’s nearly impossible to pass any exam if you aren’t properly prepared by the time you enter the exam room. A real estate pre-licensing course makes sure that you have everything you need to maximize your chances of passing that exam.
Professional networking opportunities
As a real estate agent, one of the most crucial aspects of your job is networking. The wider and stronger you make your social network, the easier it will be for you to obtain leads. The more leads you have, the more likely you are to get a client. Real estate pre-licensing courses not only help you learn about the best networking methods, but they can also provide you with some actual networking opportunities along the way.
How to Enroll in an Indiana Real Estate Pre-Licensing Course
The first step to taking a real estate pre-licensing course is deciding which course you want to take. In order to do that, you need to research your options and find the right course provider for you. There is no course that will be perfect for everyone because everybody is different. You need to come up with a budget and a window of availability so that you can compare your needs to the course. Among many other things, you need to research the cost, features, and benefits of a course and its scheduling information to figure out if it will even be compatible with you.
Ready to take an Indiana real estate pre-licensing course?
If you’ve made it to the end of the article and you believe you’re ready to start an Indiana real estate pre-license course, then there’s nothing stopping you. As previously stated, it’s best to research a few different options to make sure you’re choosing the best course, but we suggest considering an Indiana Real estate Institute pre-licensing course. We have expert professors that would be glad to help you get a jump start on your real estate career. Click here to learn more about pre-licensing courses.