How do I renew my expired real estate license in Indiana?
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.
What happens if you let your real estate license expire?
Perhaps you’ve taken a long break from real estate and your license has been expired for more than two years. If this is the case, your license is null and void and you will likely need to start from the beginning if you wish to become licensed again unless otherwise instructed by the Department of Real Estate.
How long can a real estate license stay inactive?
Those with a license deemed involuntarily inactive for more than 12 months, but less than 24 months can reactive it by completing at least 28 continuing education credit hours. Any license deemed involuntarily inactive for more than 24 months is considered expired, and cannot be reactivated.
How often do you need to renew your real estate license in Indiana?
Indiana renews their broker’s licenses in three-year cycles. The Commission typically opens the renewal period in March for any licenses set to expire on June 30th a given year. You will be notified that you need to renew your license by email.
How much does it cost to renew your real estate license in Indiana?
It cost $60.00 to renew your Indiana real estate broker license. If your renewal is late, you will need to include a $50 late fee.
How do I renew my expired real estate license?
You may renew your license up to six months after the expiration date. After six months and up to two years past the expiration date, you may apply for reinstatement of your license. After two years past the expiration date, you will have to reapply and pass the examination.
When a real estate license expires licensed activity must cease But the license may be renewed up to?
A. – If your license expires, you may renew on a late basis for up to two years following the 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. … Inactive license means any license that is not a current, active license. Inactive license may include licenses formerly known as delinquent, lapsed, or retired.
Which of the following does not fall under the exceptions to requiring a real estate license in Indiana?
Which of the following does not fall under the exceptions to requiring a real estate license in Indiana? Real Estate Commission. Why can a licensed auctioneer sell property at a public auction without a real estate license?
How do I get my real estate license in Indiana?
Hold a high school diploma or its equivalent.
- Complete 90 hours of approved Pre-Licensing education. …
- Pass the course final exam. …
- Pass the Indiana Real Estate Examination. …
- Select a sponsoring broker. …
- Complete your real estate broker license application.
Which of the following is an act an unlicensed associate Cannot legally perform?
The unlicensed associate cannot represent him/herself as being a licensed broker or as someone who can legally engage in buying, selling, exchanging, renting, leasing, managing, auctioning, or dealing with options on any real estate for others.