Congratulations on spending your first renewal period working as an Indiana real estate agent! As June 30 rolls around, you will be contemplating how to renew your real estate license. As complicated as the process may sound, Indiana makes it as simple as possible to renew your license so that you can continue working in the real estate field.
This guide will walk you through the steps of renewing your real estate license so that you can better understand it as the time approaches.
Understand Real Estate License Renewal Requirements
In Indiana, you are required to complete 12 hours of continuing education. These courses must be taken at an approved provider, but they may be about any approved real estate topic. A list of approved providers is available on the Indiana real estate license website.
Approved topics for real estate education typically include real estate ethics, financing, contracts, fair housing, and green housing. These courses are designed to help you work toward becoming a successful real estate agent or to focus on a niche you find interesting.
Complete Renewal Forms Online
You can renew your real estate license online. The form will be available online during the license renewal period. You can also print out the form and mail it in.
There is a licensing fee due at the time you turn in your renewal form. For individuals, this licensing fee is $60. You can submit the fee online or send a check depending on how you choose to submit your application.
With the form, you will also include proof that you have completed your continuing education requirements. Real estate agents are required to send proof of education completion if they are chosen for an audit. These students are selected at random.
Failing to Complete License Renewal Requirements
Unfortunately, there is no extension available for those who are unable to meet the continuing education requirements. If you do not fulfill the continuing education requirements by the expiration date, you may be audited and face a penalty of up to $5,000. Additionally, you are required to make up for these hours.
Receiving a Waiver for Educational Requirements
Waivers are granted for only two reasons. If you are active in the military for one of two years during the licensing period, you may receive a waiver for continuing education. You may also receive a waiver if you have been dealing with an incapacitating illness that has prevented you from working for at least 12 months in a three-year licensing period.
In order to receive your renewed license, you must meet continuing education requirements each year. The best way to plan ahead is to complete your courses as early on as possible. This is where we can help you by offering a diverse array of course hours that help you meet Indiana’s requirements. Contact us for more information about real estate education in your state.