You can reinstate your broker license by submitting an application for reinstatement. You will need to make sure you meet the licensing requirements, such as fulfilling your continuing education demands. There is a $60 renewal fee. However, if your license has been expired for three years or more, the fee is $120.
How much does it cost to renew your real estate license in Indiana?
The license renewal fee is $60. Online processing fees will apply. Acceptance by the system of your renewal fee does not guarantee renewal. Please check your license approximately 24 hours after completing this process to verify an updated expiration date.
What does an inactive license mean?
Inactive license means a license that has expired because it was not renewed by the end of the grace period. The category of “inactive license” may include licenses formerly known as lapsed, inactive, delinquent, closed, or retired.
How long is a real estate license good for in Indiana?
Begin a 3-year license renewal period and complete 12 hours of CE each year. Helpful hint: You do NOT need to submit your CE certificates of completion to the Indiana Real Estate Commission each year.
How often do you have to renew your real estate license in Indiana?
All Indiana-licensed real estate Brokers must complete 12 hours of continuing education (CE) each year of the same 3-year license renewal cycle. The exceptions are for Managing Brokers and Brokers newly licensed since July 1, 2014.
How do I renew my Indiana real estate license online?
You can renew your Indiana real estate broker license at the state’s online portal mylicense.in.gov, or you can print the real estate broker renewal form and mail it in. Renewing your broker license has a $60.00 fee.
What happens if your real estate license expires in Indiana?
If you do not renew your Indiana license on time, it will be reclassified as an inactive license, and you will not be able to legally act as a real estate broker. If you submitted your application late, you will have to pay a $50 late fee.
What can you do with an inactive real estate license?
When you have an active real estate license, you can work as a real estate agent and perform real estate brokerage activities. If you do not have a sponsoring broker, you will be issued an inactive real estate license. If you hold an inactive license, you cannot engage in any real estate brokerage activities.
How do Realtors become inactive?
“Inactive” status indicates that the licensee is in good standing with the Board of Registration of Real Estate Brokers and Salespersons, has not completed the required number of continuing education credits during the prior renewal period, but has paid the licensing fee for the current two-year period ending on his/ …
What does inactive mean in real estate?
Inactive real estate listings are frequently associated with an area’s real estate Multiple-Listing Service, or MLS. … Frequently, if you see a property listed as “inactive” in an MLS, that means it’s not for sale. However, inactive listings in real estate don’t mean those properties might not be up for sale again.
How much does a realtor make in Indiana?
The average salary for a realtor is $67,912 per year in Indiana. 67 salaries reported, updated at January 8, 2022.
Can you get a real estate license with a felony in Indiana?
Indiana will not permit a broker license if you have been convicted of any crime that impacts your ability to practice real estate competently, has endangered the public, shown lewd or immoral conduct, or would be grounds for sanctions by the state real estate commission.
How many times can you take the Indiana real estate exam?
Yes. You can take your real estate broker exam as many times as necessary to pass as long as you retake it within one year of your course completion certificate date.
When Indiana adopted Uspap under Title 876 Which of the following happened?
When Indiana adopted USPAP under Title 876, which of the following happened? All references to standards 6 through 10 were deleted by Title 876. Which of the following statements is true? The Statements on Appraisal Standards show how appraisal standards are applied in specific situations.
What’s not true about the Indiana real estate Commission?
What’s NOT true about the Indiana Real Estate Commission? It exists to protect the rights and interests of licensed real estate professionals. It has the authority to file suit against a licensee in circuit or superior court.
Which of the following is a requirement for obtaining a real estate license in Indiana?
You must have obtained a high school diploma or equivalency certificate (GED) Successfully complete 90 hours of approved real estate education. Complete a background check. Successfully pass the Indiana Broker Real Estate Exam.