What is required to get a license?
- Proof of age 18 and above.
- Proof of completion of Pre-License Education.
- You must have a high school diploma or equivalent.
- Complete and pass the real estate examination.
Fees: Examination Fees (Broker: $53). License (Broker: $60).
What score do I need to pass?
The broker exam consists of 75 national questions and 50 state law questions. To pass you must correctly answer at least 60 national questions and 38 state-specific questions.
You will receive your score immediately after you complete your exam.
How much time do I have to complete the exam?
- For the broker exam you are allowed 2 1/2 hours for the national portion and 90 minutes for the state portion, for a total of 4 hours.
What should I bring with me for the exam?
- 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver's license, passport, green card, U.S. social security card, debit or credit card with signature). If your name on your registration is different than on your identification, you must bring proof of your name change.
- Basic (non-scientific) calculator.
What is the format of the exam?
The exam is given on a computer.
What is on the exam?
The national portion consists of the following sections:
- Property ownership (10%)
- Valuation and market analysis (7%)
- Financing (8%)
- General principles of agency (11%)
- Property disclosures (7%)
- Contracts (18%)
- Leasing and Property Management (5%)
- Transfer of Title (7%)
- Practice of real estate (14%)
- Real estate calculations (8%)
The State portion includes:
- The Indiana Real Estate Commission (4 questions)
- Licensing (8 questions)
- Statutory & Regulatory Requirements (18 questions)
- Statutes & Rules Governing Licensees (16 questions)
- Real Estate Office Procedures (4 questions)