Indiana Real Estate Exam Info
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.
- Complete and sign the application form and include a check or money order made payable to the Indiana Professional Licensing Agency or “IPLA” in the amount of $60.00.
- You must provide an official verification of any license held in any regulated profession in any other state, if you ever had one.
If you will be working under a broker or broker company, your broker must complete the broker information section of the application.
Fees: Examination Fees (Broker: $61). License (Broker: $60).
What score do I need to pass?
The broker exam consists of 80 general practice questions and 50 State Law questions. To determine a score a statistical procedure known as equating is used to correct for differences in form difficulty. The passing score of an examination was set after a comprehensive study. The examination score is reported as a scaled score on a scale of 0-100, but it should not be interpreted as the percentage or number of questions answered correctly. With a passing score of 75, any score below 75 indicates how close the candidate came to passing, and not the actual number or percentage of questions answered correctly.
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 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 general portion consists of the following sections:
- Real property characteristics, definitions, ownership, restrictions, and transfer
- Forms of ownership, transfer, and recording of title
- Property value and appraisal
- Real estate contracts and agency
- Real estate practice
- Property disclosures and environmental issues
- Financing and settlement
- Real estate math calculations
The State portion includes:
- The Indiana Real Estate Commission
- Statutory & regulatory requirements
- Statutes & rules governing licensees
- Real estate office procedures