REAL ESTATE TRAINING SERVICES

Get the answers to these FREQUENTLY ASKED QUESTIONS:


1. How does one obtain an Indiana real estate license?

The requirements for a Salesperson license are as follow:
  • be at least 18 years old
  • successfully complete an "approved" 54 hour educational course or have
    successfully completed courses in principles, practices and real estate law
    totaling 8 semester credit hours at an accredited college or university
  • achieve a passing score on the State examination
  • make application for a license not later than 120 days after passing the
    examination
  • pay the license fee of $35
  • have no conviction for a crime that has a direct bearing on the individual's ability
    to practice competently

To obtain a Broker license the following must be met:
  • be at least 18 years old
  • have one year of continuous active experience as a licensed Salesperson
    immediately preceding application or prove equivalent experience
  • successfully complete an "approved" 54 hour educational course or have
    successfully completed courses in principles, practices and real estate law
    totaling 8 semester credit hours at an accredited college or university
  • achieve a passing score on the State examination
  • make application for a license not later than 120 days after passing the
    examination
  • pay the license fee of $60
  • have no conviction for a crime that has a direct bearing on the individual's
    ability to practice competently

2. How long does it take to get a real estate license?

Current Indiana law requires 54 hours of classroom instruction. We've found that a schedule of meeting twice weekly for 3 hours at each meeting, in the evening, or a schedule with two evenings and a Saturday morning each week to be the most effective and convenient for the majority of students. With these schedules of meetings, the courses then would cover a period of either 9 weeks or 6 weeks.
 


3. I have been out school for some time, what are my chances of success in the course?

Well, lets put it this way, there's an old saying that goes something like this..."You only get out what you put in".
There is much truth to that statement, especially as it may apply to studying real estate.
At
Real Estate Training Services, we are committed to excellence in training. Our continuous goal is
to provide the very best instruction while taking a personal interest in the progress of each of our students.
Without question, you must diligently complete all reading and other assignments, listen attentively to the in-class lecture and discussion and ask questions when something is unclear. With this combination of both our combined efforts, your chances for success couldn't be better!
 


4. What is the cost of the course and will I need to provide anything additionally?

The complete cost of the Salesperson course, which includes all textbooks, binder/outline for in-class note taking, state license law booklet and course review book, is $375. The complete cost of the Broker course, including all study material etc., is $395. Payment may be made by Visa, Mastercard, or personal check. Tuition must be received before the start of the class in order to assure your seat in the class.
Since all the study materials you'll need are included in the course, the only "extra" you'll need to provide would be a simple battery operated calculator.
     


5. How often is the state licensing examination given and where?

Once you've completed your educational requirement of 54 classroom hours and passed the course, you may arrange to take the state examination any day Tuesday through Saturday in various convenient locations around the state. Two daily sessions, one morning and the other in the afternoon, are available to take the examination.
     


6. Is there a cost associated with taking the State license examination?

Promissor is the duly appointed agent for the Indiana Real Estate Commission in administering the license examination. There is an examination fee of $59.00. Reserving a test date and making payment for the examination can be accomplished "online". Details of this process will be provided to you in the course.


7. Once I receive my license, can I establish my own brokerage agency?

Indiana license law establishes two levels of licensing, one of a Salesperson the other a
Broker. One holding a Salesperson license can only act under the auspices of a principal Broker and is not permitted to perform independently. On the other hand, one holding a Broker license is permitted to establish a brokerage, operate independently, employ licensed Salespersons and perform all the functions necessary in marketing the property of a client.
     


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