Indiana

Indiana Real Estate Study Guides

The Indiana License Professor is Indiana's number one provider of high quality real estate knowledge designed to help you pass your Indiana real estate exam the first time. Explanations and feedback given by the Indiana License Professor is provided by real estate license instructors and professional realtors from across the United States. Many students have already aced their Indiana real estate exam by preparing with the Indiana License Professor. Shouldn't you?

Contents


Indiana state specific topics include:

  • Licensing requirements
  • Brokerage practices
  • Property disclosures
  • Advertising
  • Accounting requirements

The Indiana License Professor covers all of the Promissor (ASI) necessary fundamentals of real estate, including:

  • Real property characteristics, definitions, ownership, restrictions, and transfer
  • Assessing and explaining property valuation and the appraisal process
  • Contracts, agency relationships with buyers and sellers, and federal requirements
  • Financing the transaction and settlement
  • Leases, rents, and property management

Studying with the Indiana License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each IN real estate exam has been extensively planned out by the Indiana License Professor's editorial staff; professionals who teach real estate license courses all over Indiana. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Indiana License Professor's system provides.

The Indiana License Professor covers:

  1. Introduction to the Real Estate Business
  2. Real Property and the Law
  3. Concepts of Home Ownership
  4. Agency
  5. Real Estate Brokerage
  6. Listing Agreements and Buyer Representation
  7. Interests in Real Estate
  8. Forms of Real Estate Ownership
  9. Legal Descriptions
  10. Real Estate Taxes and Other Liens
  11. Real Estate Contracts
  12. Transfer of Title
  13. Title Records
  14. Real Estate Financing: Principles
  15. Real Estate Financing: Practice
  16. Leases
  17. Property Management
  18. Real Estate Appraisal
  19. Land-Use Controls and Property Development
  20. Fair Housing and Ethical Practices
  21. Environmental Issues and Real Estate Transactions
  22. Closing the Real Estate Transaction
  23. Real Estate Math
  24. Indiana Law and Practice

Indiana Real Estate License Requirements

In the State of Indiana, exams, licensing, and continuing education for real estate agents are governed by the Indiana Real Estate Commission.

There are two basic real estate licenses in Indiana, a broker's license and a salesperson's license. Generally, a salesperson's license allows the holder to sell real estate only under the auspices of a licensed broker. (Salesperson's licenses are generally what people refer to when they say they have a real estate license.)

To obtain the salesperson's license, a person must:

  • be at least 18 years of age and a resident of the United States
  • has never, either directly or through a corporation or other entity, had a professional or business license suspended or revoked
  • have not been convicted of a misdemeanor or felony
  • have successfully completed courses in the principles, practices, and law of real estate, totaling eight (8) semester credit hours, or their equivalent, as a student at an accredited college or university or have successfully completed an approved salesperson course
  • Apply for a license by submitting the application fee prescribed by the commission and an application
  • Pass a written examination prepared and administered by the commission or its duly appointed agent
  • Submit not more than one year after passing the written examination
Sample Salesperson Exam

To obtain the broker's license, a person must:

  • be at least 18 years of age and a resident of the United States
  • has never, either directly or through a corporation or other entity, had a professional or business license suspended or revoked
  • have not been convicted of a misdemeanor or felony
  • has had an active Indiana salesperson's license for one year (this may be waived by the commission upon a finding of equivalent experience)
  • have successfully completed an approved broker course of study
  • Apply for a license by submitting the application fee prescribed by the commission and an application
  • Pass a written examination prepared and administered by the commission or its duly appointed agent
  • Submit not more than one year after passing the written examination
Sample Brokers Exam

Idaho has reciprocal agreements with:

  1. Arkansas
  2. Colorado
  3. Connecticut
  4. Florida
  5. Georgia
  6. Illinois
  7. Iowa
  8. Kentucky
  9. Massachusetts
  10. Mississippi
  11. Missouri
  12. Nebraska
  13. North Carolina
  14. Oklahoma
  15. Wisconsin

Anyone holding licenses from any of these states may apply for a reciprocal license, and may be able to forego some classroom work and other requirements.