Are you stuck in a routine job that doesn’t pay too well?
Are you considering switching careers or at least getting a side job?
If so, we highly recommend trying your hand at real estate.
You'll be glad to know that you can be a professional in the real estate industry without a college degree.
It is a highly rewarding career, and anyone willing to learn can do very well on this job. Apart from high-income potential, the job also offers flexibility and career growth.
If this sounds like something you’re looking for, read on to learn about how to get a real estate license online in Indiana this 2023.
Real Estate License Qualifications in Indiana
To be eligible for an Indiana real estate license, you must satisfy the following requirements:
You are 18 years of age or older
You possess a high school diploma or an equivalent (GED)
A Step by Step Guide on How to Get a Real Estate License Online in Indiana
If you satisfy the qualifications, here are the 5 steps to obtaining your Indiana real estate license:
Complete the mandatory pre-licensing education from an approved provider
Pass the final licensing exam
Find a managing broker
Apply for a license
Complete the mandatory post-licensing education
Now, let’s go through each step and discuss them in detail.
1. Complete the mandatory pre-licensing education
The state of Indiana requires all new applicants for real estate licenses to complete 90 hours of pre-licensing education from an accredited school or organization.
The course will include real estate topics such as property management, real estate law, financing, taxes, and many others.
The good news is you won’t have to go to a physical school to take the required courses.
Indiana authorizes online real estate education, and you can conveniently sign up for a self-paced program that lets you study on your own time.
You no longer need to leave home and stick with strict schedules, plus you can complete the online course as quickly or slowly as you want.
A highly recommended online real estate school is Colibri Real Estate.
This online school offers 4 packages that range from around $350 to $500. Their courses are mostly text-based but come with a few multimedia to make them more enjoyable. And, of course, all the packages satisfy state requirements. (More information about Colibri Real Estate below.)
Upon finishing the course, you must pass the final course exam, which will then earn you your certificate of completion. This certificate makes you eligible to take the final licensing exam.
2. Pass the final licensing exam
You must pass the licensure exam within 12 months after your certificate is issued.
To register for the exam, simply go to PSI’s website and sign up. For more information about the exam, refer to the candidate bulletin.
On the day of your exam, don’t forget to provide two forms of identification.
The Indiana real estate license exam consists of two sections - the state-specific and the national exams.
The state exam has a total of 50 questions, and the latter consists of 80 questions. The time limit to complete the exam is four hours. To pass, you need to earn a score of 75% or higher.
Since you will be taking the exam on a computer, you get to know the results immediately after.
3. Select a managing broker
To be able to apply for a real estate license in Indiana, you need to be affiliated with a managing broker. Your license will be put on “unassigned” status until such time you find a sponsoring broker.
When selecting a managing broker, try to find one that suits your needs and preferences, and of course, one that will help you reach your goals. Because of this, make sure to take your time when looking for one. Never rush this process as you might regret it later on.
4. Apply for a license
Once you find employment with a managing broker, you can then proceed with applying for your license.
You can either apply online via The Indiana Licensing Enterprise website or mail in your application form and other requirements to the licensing office. Below are the documents you need to submit:
Positive response documentation
Pre-licensing course completion certificate
Licensing exam score report
Verification of licensure (for applicants who are licensed in another state)
Broker company information
You will also need to pay an application fee of $60 either by debit or credit card or by check (price may change over time).
5. Complete the mandatory post-licensing course
Indiana requires all newly licensed real estate agents/brokers to complete a 30-hour post-licensing course within two years of license issuance. This course will satisfy the continuing education requirements during the first two years.
Note: post-licensing courses should only be taken once, during the first 2 years of your license. After that, you’ll need to take 12 hours of CE courses every 3 years.
Most Recommended Online Real Estate School in Indiana
Now that we’ve cleared the steps in getting an Indiana real estate license, you most likely want to find the best real estate school to help you fulfill the requirements.
We already touched on the school we (and a lot of others) recommend above. This is Colibri Real Estate.
Colibri Real Estate is one of the best online real estate schools not just in Indiana but also throughout the country.
More than 350,000 users have graduated from its highly-rated pre-licensing courses and have successfully launched their careers. Its average passing rate of 78% is also one of the highest in the country.
Apart from its high-quality course content and materials, Colibri Real Estate is best known for its excellent service.
The school allows you to contact the course instructors through phone and email, and their customer support team is always ready to help with concerns and questions.
What’s more, Colibri Real Estate offers packages that not only include the required courses but also supplemental learning resources and even a pass or don’t pay guarantee (except the Basic package).
And, since you are required to take CE courses for license renewal every 3 years, you can always count on Colibri Real Estate's sister school, McKissock, to fulfill this.
The IN McKissock CE PLUS Membership gives you access to all the CE courses in Indiana for a one-time fee, in addition to many other freebies and privileges.
Indiana Online Real Estate License FAQs
How much does an online real estate school cost in Indiana?
It depends.
However, you can expect online real estate schools to cost a lot less than in-person schools. For an estimate, you might have to pay around $200-600.
Colibri Real Estate's online pre-licensing packages cost from around $300 to $500. Meanwhile, in-person real estate classes can cost around $620 or higher.
What happens if I don’t pass the Indiana real estate licensing exam?
If you don’t pass the real estate license exam on the first try, do not worry. You have three attempts to pass it.
If you fail one section of the exam but pass the other, you will be allowed to retake the part you failed at a later date. However, you need to pass both segments within one year.
Conclusion
A career in real estate is not for everyone, but if you have the heart for it, the passion to learn, and to help others make wise real property investment choices, we believe you’ll do a good job.
And now that you know how to get started, you should give it a go!
We hope you find this guide helpful.
Good luck!