After passing, a new broker must work under and be supervised by a MANAGING BROKER.
Before you read
Test yourself first: 5 questions
Question 1 of 5
Which body regulates real estate licensees in Indiana?
Answer: A. Real estate licensing in Indiana is overseen by the Indiana Real Estate Commission, which operates administratively under the Professional Licensing Agency (PLA). The Association of REALTORS is a private trade group, not a regulator.
Question 2 of 5
When a complaint is filed against an Indiana licensee, what is the most likely sequence of regulatory action?
Answer: B. Complaints are first investigated. If the evidence supports the allegations, the matter proceeds to an administrative hearing where the licensee receives due process before any disciplinary sanction is imposed.
Question 3 of 5
What is the entry-level real estate license title for an agent newly licensed in Indiana?
Answer: B. Indiana does not issue a salesperson license. The entry-level license is the 'broker' license, and that broker works under a managing broker.
Question 4 of 5
How many hours of pre-license education must a candidate complete before sitting for the Indiana broker licensing exam?
Answer: D. Indiana requires 90 hours of approved pre-license education before a candidate may take the broker licensing examination.
Question 5 of 5
An Indiana broker receives an earnest money deposit on behalf of a buyer. How must these funds be handled?
Answer: C. Trust/escrow funds such as earnest money must be deposited into the brokerage's designated trust account and kept separate from the company's operating funds. Commingling with personal or operating money is prohibited.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Regulator: Indiana Real Estate Commission (IREC), administered by the Professional Licensing Agency (PLA).
- License title: Indiana licenses entry-level agents as 'BROKERS' — there is no 'salesperson' license.
- Pre-license education: 90 hours of approved coursework before sitting for the exam.
- After passing, a new broker must work under and be supervised by a MANAGING BROKER.
- The managing broker is responsible for the activities and supervision of affiliated brokers.
- Licensing path: complete 90 hours, pass the state exam, then activate the license under a managing broker.
- Indiana is NOT a community-property state.
- A written agency/sales disclosure to consumers is required.
Indiana License Law & Regulator Quick Sheet: FAQs
Is Indiana License Law & Regulator Quick Sheet on the real estate exam?
Yes. State License Law is a scored domain on the Indiana real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Indiana test this differently?
Indiana applies its own license law on top of the national portion. This page covers the Indiana rules specifically, which is what the state section of your exam tests.
