Before you read
Test yourself first: 5 questions
Question 1 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 2 of 5
What is the entry-level real estate license issued to a newly licensed agent in Indiana?
Answer: C. Indiana does not issue a 'salesperson' license. The entry-level license is the broker license; new licensees become brokers who must work under the supervision of a managing broker.
Question 3 of 5
In Indiana, what is the entry-level license issued to a person who wants to begin selling real estate for others for compensation?
Answer: B. Indiana does not use a 'salesperson' license. Everyone entering the profession is licensed as a broker, who must initially work under a managing broker. 'Realtor' is a trade-association membership, not a state license.
Question 4 of 5
In Indiana, who bears ultimate responsibility for the proper maintenance and reconciliation of the firm's trust/escrow account?
Answer: C. Indiana licenses entry-level agents as brokers, but they must work under a managing broker. The managing broker is accountable for the firm's escrow account, including proper deposit, record-keeping, and reconciliation of client funds.
Question 5 of 5
In Indiana, what credential is issued to an individual entering the real estate profession at the entry level, and under whom must that person practice?
Answer: B. Indiana eliminated the 'salesperson' credential. The entry-level license is a broker license, and a newly licensed broker must affiliate with and practice under a managing broker. The managing broker designation is what allows a licensee to operate a company or independently supervise others.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Indiana does not issue a separate "salesperson" license; the entry-level license is the Broker license, which requires completing 90 hours of approved pre-licensing education and passing the state exam. A newly licensed broker cannot work independently and must be associated with and supervised by a Managing Broker, who is responsible for overseeing the broker's real estate activities.
Indiana Licensing: Broker Entry-Level Under the IREC: FAQs
Is Indiana Licensing: Broker Entry-Level Under the IREC 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.
