How to Pass the Indiana Real Estate Exam on Your First Try

Indiana's real estate salesperson exam is 130 questions — 80 national and 50 state-specific — with a 75% passing threshold on each section. The exam is administered by PSI and governed by the Indiana Professional Licensing Agency and the Indiana Real Estate Commission.

Indiana Exam Fast Facts - Questions: 130 (80 national + 50 state) - Passing score: 75% on each section (60 national, 38 state) - Time limit: 4 hours - Provider: PSI - Pre-license education: 90 hours (salesperson) - Governing body: Indiana Real Estate Commission (IREC)

The Indiana Real Estate Commission

IREC is a division of the Indiana Professional Licensing Agency (IPLA). The Commission has 10 members: 7 licensees (from different regions of Indiana) and 3 public members. Members serve 4-year terms.

Key IREC facts: - Salesperson licenses renew every 3 years; 36 hours of CE required - New salespersons must complete a 30-hour post-license course within the first 2 years - The Indiana Real Estate Recovery Fund provides restitution for victims of licensee misconduct; max $25,000 per transaction - Unlicensed practice is a Class A misdemeanor in Indiana

Indiana Agency Law

Indiana's agency law is governed by the Agency Act (IC 25-34.1-10). Required disclosure form: the Indiana Buyer Agency Disclosure or Indiana Seller Agency Disclosure, depending on the party being served.

Indiana recognizes: - Seller's agent: fiduciary duties to seller - Buyer's agent: fiduciary duties to buyer - Disclosed dual agency: both parties consent in writing - Transaction coordinator: assists without representing either party

The disclosure must be provided at the time of the first substantive contact — before any substantive information about the property or the parties is exchanged.

Indiana Disclosure Requirements

Indiana does not have a mandatory Seller's Disclosure form for all properties — but for residential transactions, the Indiana Residential Real Estate Sales Disclosure is required by statute.

Key disclosure rules: - The form must be completed by the seller and delivered before acceptance of an offer - The buyer has 10 days to rescind after receiving the disclosure - If the seller fails to provide the disclosure, the buyer can rescind at any time before closing - Foreclosure sales, estate sales, and certain other transfers are exempt

Indiana-Specific Laws to Know

Attorney in fact: Indiana tests the power of attorney and who can sign on behalf of a principal. Understand when an attorney in fact can execute real estate documents.

Landlord-Tenant Act: Indiana's landlord-tenant law (IC 32-31) governs security deposits (max 2 months' rent for unfurnished), lease termination, and habitability requirements. Property management questions reference this statute.

Indiana Code 25-34.1: This is the core real estate license law. Know the structure of the Commission, license categories, and grounds for disciplinary action.

Broker supervision: Indiana requires managing brokers (company owners/partners) to supervise salespersons. Know the broker's liability for salesperson conduct.

Topics That Catch Candidates Off Guard

10-day rescission right: After receiving the Residential Disclosure, the buyer has 10 days to rescind — no penalty. Many candidates mix up this timeline with other states.

30-hour post-license requirement: Required within 2 years of licensure. Indiana's continuing education and post-license are separate obligations.

75% threshold: Indiana's 75% passing score is stricter than the 70% floor in many states.

Recovery Fund process: A court judgment is required before accessing the Recovery Fund. Know the process and the $25,000 cap.

Your 4-Week Indiana Study Plan

Week 1: National — agency, contracts, ownership, land use, fair housing Week 2: National — financing, valuation, math, environmental Week 3: Indiana-specific — IREC, Agency Act, Residential Disclosure form, landlord-tenant law Week 4: Full practice exams. Target 80%+. Drill the 10-day rescission right, dual agency consent requirements, and Recovery Fund rules.

Practice for the Indiana Exam

[CARealestate.com/states/indiana](https://carealestate.com/states/indiana) has Indiana-specific practice questions covering IREC rules, agency law, the Residential Disclosure form, and landlord-tenant law. 5 free questions, no signup needed.

Indiana's 75% threshold and 50 state questions make state preparation essential. The Residential Sales Disclosure rescission timeline and the Agency Act's first-contact disclosure requirement are the two most frequently tested state-specific topics.