BECOMING A REAL ESTATE BROKER REQUIREMENTS:
To become a Real Estate Broker you must be at least 18 years of age, have a high school diploma or equivalent, attend a minimum of 19 of 23 class sessions, complete 90 hours of classroom instruction, and have a minimum total score of 225 points out of 300 on 3 required exams. If you take our online course, you will need to pass with a 75% and all exams are given online. For more information and classes about becoming a Broker, please visit our Broker Class Overview to sign up today. (Also see “Becoming a Real Estate Agent” ).
**Though we are not aware of any requirement licensees actually be US citizens, the law is not clear. Anyone who is not a US citizen should personally confirm with the Indiana Professional Licensing Agency the requirements and if their current status meets the requirements.
The Broker Course – 90 Hours
You are required to take a 90 hour online or live pre-licensing courses before you are eligible to take the state real estate exam, and with that in mind, the Tucker School of Real Estate has a Broker curriculum which will teach you all the fundamentals you’ll need. You’ll learn from instructor experience and expertise.
The vast majority of students pass our class. Students who do not pass the live course, have 1 year to retake the class for $199 using their original text book. Retakes are on a stand by basis to students paying full tuition.
30 HOUR POST LICENSING EDUCATION:
Once you have your broker’s license and are active with a company, you will have two years from the date your license is issued to complete 30 hours of Post Licensing Education. Depending on the time you start during the three year renewal period, you may or may not have to complete more continuing education requirements. You will need to check with the commission at 317-234-3009 regarding exact requirements. Click here for more information
All real estate brokers will have a three year renewal period from July 1 – June 30 and must complete 12 hours of continuing education each year (the current period is July 1, 2017 to June 30, 2018). The last year of renewal brokers will pay a renewal fee online to renew their license.
MANAGING BROKER REQUIREMENTS:
If you would like to hold your own license and/or start your own company, you must obtain a “Managing Broker Eligible” license. The requirements are a) hold a real estate broker license for at least 2 years and b) complete a 24 hour managing broker course. Once you qualify, you can apply to the Commission (317-234-3009) for the eligibility. There is NO fee to apply for the managing broker eligibility.
The Tucker School offers the 24 hour managing broker course online.
NOTE: All brokers are required to complete 12 hours of continuing education per year. If you have the Managing Broker Eligible designation on your license (and are independent or managing your own company), 4 of the 12 hours must be dedicated to the necessary business of management skills and legal knowledge needed by a managing broker.
IF YOU ARE IN REFERRAL STATUS OR INACTIVE REQUIREMENTS:
*If you are in referral status or inactive currently, you did NOTcomplete the 24 hour broker educational course and want to activate your license, we have an online broker activation/education course available.
*If you are inactive or in referrals and HAVE completed the 24 hour broker transition/educational course already, you will need 12 hours of CE to activate your license! Click here to take the 12 hours online!