Indiana Real Estate Continuing Education
Get your Indiana real estate license renewed quickly by signing up for convenient online courses! Don't risk letting your Indiana real estate license expire by putting off your renewal education until the last minute. Start working on your license renewal today! (OnlineEd, Inc. partners with Career WebSchool to offer this course.)
How To Renew Your Indiana Real Estate License
The Indiana Real Estate Commission and the Indiana Professional Licensing Agency manage the continuing education requirements for Indiana real estate licensees. The IREC mandates that real estate salespersons and brokers must take 16 hours of continuing education every 2 years.
Six of the 16 hours must be in three mandatory subjects. Those course subjects are: Agency Law, Antitrust, Civil Rights Law, License & Escrow Law, Listing Contracts and Purchase Agreements, and Settlement Procedures.
If a licensee postpones completing the 16 hours of education before the license expiration date, and will not be able to complete in time, there are two possible option:
- Submit a late renewal of the real estate license and complete the required course credits.
- Allow the license to become inactive and loose all earned course credits.
The state Licensing Agency has set up an online system to simplify the renewal of licenses, including real estate salesperson and broker licenses. Copies of course completion certificates do not need to be submitted to the IPLA for the continuing education credits, but the IPLA will randomly select licensees for audit after the license renewal application has been submitted. If chosen for an audit, the real estate salesperson will have to supply proof of course attendance and completion.
Your Real Estate Continuing Education Program
The required course hours can be completed online from a school approved by the Indiana Real Estate Commission. Our Indiana 16 hour real estate continuing education training course package is offered in conjunction with 360 Training (Salesperson sponsor #CE10600532 and Broker sponsor #CE10600531).
Deeds - 2 Elective Hours
A deed is one of the most common instruments of title conveyance and all real estate professionals need a clear understanding of a deed's use and purpose. This course illustrates the difference between title and a deed.
The first lesson of this course explains the difference between title, which refers to lawful ownership, and a deed, which is an instrument that conveys title. We detail the terms of a valid contract and discuss the statutes of frauds that apply to all contracts, including deeds. Grouping deeds into two categories, those with warranties and those without, we study the types of deeds and their different uses. All states have their own relative legislation pertaining to title conveyance. This course outlines relevant Texas statutes that impact deeds, including those that differentiate between the illegal practice of law and the lawful role of real estate professionals.
The last section of this course is a real estate practice lesson, which presents real world dilemmas that licensees might face in the field. It gives the student the opportunity to display his or her new knowledge and utilize the material in this module to properly manage ethical predicaments and problematic transactions.
Upon completion of the course, the student will be able to:
- List the general requirements of a legally enforceable contract.
- Describe the difference between title and deed.
- Explain the basic use and purpose of deeds.
- Identify the required elements of a deed.
- Recognize the different types of deeds and identify what type of deed should be used, depending on the quality of estate and condition of title to be transferred.
- Distinguish between the role of a real estate professional from the role of a licensed attorney.
ERC Fair Housing and Diversity: Focus on Relocation - 2 Mandatory Hours and 1 Elective Hour
This 3 hour course introduces you to Fair Housing issues when dealing with relocation clients. Prior to WWII, companies looked exclusively to local markets for employees. Businesses are now willing to bring the perfect candidate to them, regardless of where that candidate may reside. Out of this need to find increasingly specialized and qualified individuals developed what is now the relocation business.
This course is important for relocation professionals and real estate licensees as it will help them serve the people and companies who need relocation assistance and may not be familiar with will Fair Housing law and issues. Our discussion covers the seven protected classes, the conduct prohibited by law, and the few exemptions from the law. We will examine Fair Housing advertising guidelines, including phrases and word choice that are illegal, and those that are permissible. When you complete this lesson, you should know the legalities of the Fair Housing Act and understand not only its importance but also its intent. You should also have a better sense of your own role, as a real estate professional, in implementing this law. This Fair Housing & Diversity: Focus on Relocation course utilizes interactive technology and audio in an appealing way to facilitate learning.
Upon completion of this course, the student will:
- Explain the purpose of federal Fair Housing Law.
- Identify the protected classes covered by the Fair Housing Act.
- Name the seven activities considered illegal by the Fair Housing Laws.
- Identify the five exemptions from the federal Fair Housing Laws for property owners.
- Recognize potential Fair Housing conflicts when working with relocation clients.
- Learn to accommodate clients of various cultural backgrounds by understanding how to work with diversity.
- Embrace diversity to enhance customer service.
- Identify phrases and word choices that should be avoided in advertising.
- Employ basic risk management techniques to avoid illegal discriminatory practices when working with relocation clients.
- Understand the process of complaint investigation, resolution and penalties associated with Fair Housing violations.
ERC Relocation: Assisting Corporate Transferees - 3 Elective Hours
Relocation presents an array of new challenges and opportunities to all real estate professionals. This course covers the definition of "relocation" and the development of the relocation industry. We explain how relocation affects the roles of various real estate professionals, including appraisers, home inspectors and real estate salespersons, and brokers. We walk the student through a relocation transaction, covering the assignment, or re-assignment, of an employee through the selling of the employee’s home. Some of the steps in this process require specific explanation.
The latter half of this course addresses how relocation affects common real estate concerns. These concerns include disclosure law, agency, tax law, fair housing, and non-discrimination issues.
Upon completion of this course, the student will:
- Understand the definition and development of the relocation business.
- Appreciate the impact relocation has had on the professional roles of those persons traditionally associated with the real estate industry.
- Grasp the various steps in the relocation process.
- Recognize the various steps that comprise a relocation transaction.
- Understand the different types of relocation plans and programs.
- Recognize fair housing legislation as it relates to relocation.
- Know how to avoid unfair discrimination.
- Recognize the various protected classes under federal fair housing legislation.
- Comprehend the importance of agency and property disclosure.
Contracts, Purchase & Sales Agreements - 2 Mandatory Hours and 2 Elective Hours
Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.
Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.
In this 4 hour course you will learn about the types of general contracts as well as the different kinds of real estate contracts. The module provides the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective, and adherence to a statute of frauds.
Upon completion of this course, the student will be able to:
- Name and explain the various components of a valid contract.
- Identify the differences between a unilateral and bilateral contract.
- Describe the various types of contracts.
- Recognize the difference between a forbearance and performance agreement.
- Outline the features of a contract (and the contracting parties) that make a contract legally binding.
- Recognize the general features of a completed contract.
- Identify when a contract can be discharged.
- Recognize the different kinds of real estate contract
Environmental Hazards - 2 Mandatory Hours and 2 Elective Hours
This 4 hour course is designed to increase your knowledge about expanding environmental issues and laws that have an impact on environmental problems. This course identifies the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities.
While real estate agents are not expected to be environmental experts, the same disclosure rules apply as to other facts about a property. That is, if environmental information is known to the sales agent and it would affect a prudent purchaser's decision to buy, it must be disclosed. Because of this, licensees should be familiar with the nature of these problems as well as the laws and regulations that are intended to protect both the consumer and the environment.
Upon completion of this course, the student will be able to:
- Identify recent laws that have an impact on environmental problems, including lead disclosure laws.
- Identify the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities.
- Explain the nature of major air pollutants and remedies that may be applied to minimize the effect.
- Explain a landowner's responsibility for the protection of designated wetland areas.
- Identify the protections afforded endangered species by landowners and when land development is undertaken.
- Explain the nature of electromagnetic forces and a possible need for testing.
- Explain the current status of environmental laws and its affect on property insurance and mortgage lending.