REAL ESTATE TRAINING SERVICES

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Indiana Requirements for a Real Estate Salesperson License

• 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.

 

Next SALESPERSON Class will be offered in....

Lafayette .... starting Sept 14, 2010
(meeting 3 times per week)
weekday classes meet evenings 6:30 to 9:30 P.M. and
Saturday classes meet 9:00A.M. to Noon

 

	Tues.	Thurs.	Sat.
Sept	14	16	18
	21	23	25
	28	30	2
Oct	Tues	Thurs	Sat
	5	7	9
	12	14	16
	19	21	23

 

 

Classes held at: Market Square Shopping Center Suite C-4 (Next to CVS Drugstore)      
2200 Elmwood Ave
Lafayette, IN

 

View Larger Map

 

 

~ registrations now being accepted ~

RETS reserves the right to reschedule classes
if minimum enrollment is not reached
~ ~
This Salesperson Course is eligible for VA educational benefits

Indiana Requirements for a Real Estate Broker License

• 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.

Our complete and comprehensive courses not only prepare one to pass the state examination but likewise provide the knowledge and skills needed to enter the real estate business or to operate proficiently as a real estate broker.

Subject Content of the 54 hour Salesperson Course

Real Estate Concepts	Property Ownership Form	Transfer of Title
Land Use Controls	Brokerage and Agency Law	Fair Housing Law
Real Estate Contracts	Landlord and Tenant	Financing
Closing Transactions	Valuation and Appraisal	Property Management
Property Insurance	Taxation of Real Property	Indiana License Law

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Subject Content of the 54 hour Broker Course

Essentially, most of the subject topics of the Broker course are those covered in the Salesperson course. However, the Broker course consists of a much more "in-depth" level of instruction in each of those areas. Particular emphasis is placed on:
Antitrust Laws	Settlement Procedures
Types of Mortgage Loans	Sources of Mortgage Loans
Finance Mathematics	Brokerage Operations
Secondary Mortgage Market	Consumer Legislation
Escrow Account Records and Bookkeeping Essentials

State License Examination

Upon successfully completing a Sales or Broker course, the candidate is eligible to take the state examination. This examination is administered by Promissor with test centers located in various Indiana cities for convenient test taking. Examinations are offered daily; Tuesday through Saturday. Two (2) sessions of testing are available daily, one at 8:00 A.M., the other at 1:00 P.M. allowing 3 and 1/2 hours to take the examination. An applicant must attain a score of at least 75% on the State License Law portion and at least a 75% score on the general real estate portion of the test to pass. Scores achieved on the test are provided to the candidates before leaving the testing center. The fee for the examination is $59.00.

Click this link to the Indiana Code and review the full text of the Indiana Real Estate Licensing Law
Title 25