Is the Real Estate Licensing Exam multiple choice? Yes. In general, you should expect 60-80 state-specific multiple choice questions, and around 80-100 multiple choice questions on general real estate concepts. The test is usually given in two sections and candidates are expected to pass both sections.
How many questions are on the Indiana real estate exam?
The national part of the Indiana Real Estate Sales Agent exam is comprised of 80 questions. A passing grade is 75%. That means that in order to pass the test, an examinee must answer 60 out of the 80 questions correctly. The state specific part of the Indiana Real Estate Sales Agent Exam is comprised of 50 questions.
How hard is it to pass the Indiana real estate exam?
Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.
How many times can you take the Indiana real estate exam?
Yes. You can take your real estate broker exam as many times as necessary to pass as long as you retake it within one year of your course completion certificate date.
What state has the hardest real estate exam?
Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted. In contrast, most other states require less than 100 education hours, with the majority falling with the 40-hour requirement.
How many times can you fail the Indiana real estate exam?
After 4 attempts, candidates must retake their Pre-Licensing courses. Indiana: Candidates who pass one portion of the exam and fail the other need retake only the portion they failed as long as they retake and pass the failed portion within one year of completing the required Pre-Licensing education.
Is there a lot of math on the real estate exam?
How Much Math Is on the Real Estate Exam? No matter what state you are wanting to get a real estate license in, you can expect to see math questions on the exam. While the number of math questions on the exam varies from state-to-state, the total number of math-related questions is somewhere between 10-15%.
What kind of questions are on the Indiana real estate exam?
The Indiana Real Estate Commission (4 questions)
The national portion consists of the following sections:
- Property ownership (10%)
- Valuation and market analysis (7%)
- Financing (8%)
- General principles of agency (11%)
- Property disclosures (7%)
- Contracts (18%)
- Leasing and Property Management (5%)
- Transfer of Title (7%)
Why is the real estate exam so hard?
Why is it so hard to pass the real estate exam? These tests are demanding: You may see questions pertaining to the responsibilities of real estate professionals, certain national state and regulations, real estate finance, and real estate ethics, and you may even some moderately complex math problems.
Can you use a calculator on the Indiana real estate exam?
An online calculator will be provided.
Can you take the Indiana real estate exam online?
The Indiana Real Estate commission has announced the option of taking the licensing exam remotely instead of at a physical testing center location. PSI will still have in-person on site testing still available for those students who wish to take the exam in-person instead of online.
How much do Realtors make in Indiana?
The average salary for a realtor is $72,621 per year in Indiana.
How much is the Indiana real estate exam?
The Indiana state exam costs $61 and to activate your license costs $60. Pre-Licensing coursework pricing with The CE Shop starts at $489. After coursework, application, and activation fees, you will join a board of realtors and depending on the association you join it could be up to $1,500.