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FAQ: What is an unassigned broker license?

What is an unassigned broker license?

An unassigned broker licensemeans you have not designated a sponsoring broker, which is required in Indiana to transact real estate as a broker. You still need to meet the continuing education requirements.

Related Questions

How do I get a paper copy of my Indian real estate broker license?

Indiana doesn’t automatically send you a copy of your broker’s license. Instead, it offers digital certification of your license for a $10 fee. If you’d like a paper copy, you can print one for free by visiting here. Or, you can request an official document for a $10 fee.

Is a broker license different then a managing broker license in Indian

A broker license enables you to represent buyers and sellers in real estate transactions. A managing broker license allows the licensee to supervise other brokers. Managing brokers can be responsible for real estate companies.

How do I change from an inactive or unassigned to an active IN license

When you want to move your license from unassigned or inactive to active, you’ll need to fill out an activation of license form.

How do I receive an active IN real estate license?

You need to have a sponsoring broker, have passed the State Exam, and completed the 90-hour broker pre-license course to qualify for an active real estate license.

Where can I check my Indian broker license application status?

Track the status of your application by going online to the Commission. Register and create credentials to see where your application stands.

How do I apply for my IN real estate broker license?

To apply, mail a paper broker license application and its required supporting documents to the IN Real Estate Commission. Include a $60 check or money order, your course completion certificate, and state licensing exam score report. You may need additional documents, depending on your application responses.

Can I apply online for the IN real estate broker license?

Unfortunately, no. Indiana does not offer an online application portal. You’ll need to mail a paper application and its required supporting documents to the Commission.

How much is the IN real estate broker license application?

Your broker license application fee is $60, made payable as a check or money order to the Indiana Professional Licensing Association or “IPLA.”

What documents will I need to submit with my IN license application?

Include your 90-hour broker pre-license course completion certificate and official score report from the State Exam. Depending on how you answer the screening questions, you may also need to submit additional supporting documents. Reciprocity candidates need to include their official license verification.

When should I file my license application with the Commission?

You will have up to (1) year after successfully completing the State Exam to apply for your broker’s license. If you are hesitating to apply because you do not have a sponsoring broker, you can still apply. The Commission will classify you as “unassigned” until you are able to notify them you have a sponsoring broker.

Can I get an IN broker license if I don't work for a broker?

Yes, but it won’t be an active license. You need an active license to legally work as a real estate broker in Indiana. Instead, you will be given an “unassigned” or “inactive” license.

What is the difference between an active and inactive license?

An active license enables you to legally work as a real estate broker, representing buyers and sellers transacting real estate. An inactive license does not allow you to work as a real estate broker. You don’t need to meet the continuing education requirements when you have an inactive license.

What is an unassigned broker license?

An unassigned broker license means you have not designated a sponsoring broker, which is required in Indiana to transact real estate as a broker. You still need to meet the continuing education requirements.

How do I receive an inactive IN real estate license?

You can specifically request an inactive real estate license on your broker application form, or request to change your status on a license activation form.

Can I transact real estate with an unassigned broker license?

No. You must have a sponsoring broker to transact real estate as a broker in Indiana.

What are the requirements to apply for an IN real estate license?

Before you apply for your Indiana real estate broker’s license, you must have successfully completed the 90-hour pre-license broker course and the state licensing exam. You must also be at least 18 years of age and have a high school diploma or GED. Include a $60.00 check or money order payable to the IPLA.

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