Licensing Requirements

REAL ESTATE TRAINING SERVICES

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 May 6, 2008
(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

Classes held at: Lafayette Regional Association of Realtors
1415 Union Street
Lafayette, IN

	Tuesday	Thursday	Saturday
May	6	8	10
	13	15	17
	20	22	24
	27	29	31
June	3	no class	no class
	10	12	14
	17	19
~ registrations now being accepted ~

This Salesperson Course is eligible for VA educational benefits

Reserve your seat NOW!

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.

Next BROKER class will be offered in ....
Lafayette ....starting March 3, 2008
class will meet for 7 weeks from 9:00A.M. to Noon
see meeting dates below

Classes held at: Lafayette Regional Association of REALTORS
1415 Union Street, Lafayette, IN

Monday
Tuesday
Friday

March
3
4
7

10
11
14

17
18
no class

24
25
no class

April
31
1
4

7
8
11

14
15

~ registrations now being accepted ~

This Broker Course is eligible for VA educational benefits
~ ~

Reserve your seat NOW!

Salesperson and Broker Courses ~ Given the Indiana requirement for pre-license education at 54 hours of classroom instruction, we have found that offering classes covering a 9 week time period (with two meetings per week in the evening) or
a 6 week time period (with three meetings per week) to be the most effective and convenient schedule.

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

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