Requirements for an Indiana Real Estate License

Steps to becoming a Broker in Indiana 

**Note- In Indiana, the term Broker and Real Estate Agent are synonymous. 

1) Your very first step on your path to getting your real estate license is to take the 90 hour per-licensing Broker course. You must be 18 years of age and have received a high school diploma or equivalent.  (You will be asked if you do have this on your state application but will not be required to submit it).  If you are a legal alien but do not have a permanent residency card (green card), please contact the Indiana Real Estate Commission to make sure they will process your license at 317-234-3022 or email them at pla5@pla.in.gov. 

2) Pass three 100 multiple choice question tests in the pre-licensing class with 225 points or a 75%.

3) Pass a State Examination with a 75% given by the state testing facility PSI. Click here for a candidate handbook regarding taking the state exam.  The state exam is $53.00 each time you take it.

4) Start interviewing with companies you are interested in. It’s good to choose companies that are going to put you through training and be in an office where you have managers who can guide and support you. You will need to find out commission splits and any other fees during your interview with different companies.

5) Once you are ready to process your license with a company, you will pay $60.00 to the Indiana Professional Licensing Agency to process your paper work and activate your license. You will have one year to do this or the commission will hold your license inactive until you decide where to place it.

6) Once you choose a company, you will need to join your board of realtors. In the Indy metro area, it is the Metropolitan Indianapolis Board of Realtors (MIBOR). With MIBOR you will pay a one time $400.00 application fee and pro-rated membership and technology dues. The dues are $760.00 a year and technology fees are $456.00 a year (or $245.50 twice a year).

What are some desirable attributes of a Real Estate Broker?

1) Organization skills – Real Estate is a business where rewards are in direct proportion to effort. The more organized and consistent the efforts, the greater the rewards!

2) Communication Skills – A key element of a broker’s success is the ability to identify, understand and meet a client’s needs. Communication skills, especially listening skills, enable this to happen.

3) Confidence – Great broker’s know they have the skills necessary to help people realize their real estate goals.

4) Emotional Stamina – The sales profession requires the ability to overcome resistance and maintain a positive attitude.

5) Physical Stamina – Listing and selling properties requires long days and flexible hours.

6) Relationship Support – Great sales associates are supported by the confidence, trust and understanding of their families. Their families have a clear knowledge of the demanding nature of a real estate career.

7) Financial Stability – Savings that will ensure a new agent can live comfortably for the first few months of their career enables the associate to concentrate on real estate and not commission.

8) Team Player – The real estate sales agent is an independent contractor who interacts on a daily basis with a variety of professionals.

9) Accepting to Change– Accepting change and adapting quickly is imperative in the fast paced and ever changing world of real estate.

10) Service Oriented – Great brokers realize that service to the client is what guarantees success.