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Indiana Real Estate

Out of State Licensee (OSL) Participation in deals:  
Cooperative State

- An out-of-state licensee can enter cooperative agreement with Indiana licensee for acts related to real estate.
- Cooperative agreement requires out-of-state licensee to work closely with Indiana licensee (see statue for specifics)
and must file consent to jurisdiction with Indiana Real Estate Commission.

License Types

Real Estate Broker
​Real Estate Managing Broker

Exam Provider

Pearson VUE

Waivers

None
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Reciprocity

Illinois
Any State*


* Must pass the state law portion of the Indiana licensing examination

Specific to Indiana

Reverse Reciprocity

​These states specifically mention Indiana in their Reciprocity: 
Connecticut, Illinois

These States recognize any other State licenses but may have additional requirements: 
​Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington

Links

Reciprocity Page
​Indiana Professional Licensing Agency - Real Estate Commission

Customs

Title companies, lenders, real estate agents, and attorneys handle closings.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Indiana uses ALTA policies and certain endorsements.
Buyers usually pay closing costs and the lender’s title insurance costs, while sellers pay for the owner’s policy.
There are no documentary, mortgage, or transfer taxes but there are property taxes.
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© COPYRIGHT 2017-2018 Ciriello Investments | ALL RIGHTS RESERVED.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to accuracy of the information displayed. Nothing on this website is meant to be legal advice, any references to licensing or legal matters are the opinion of the website owner based on individual research and nothing more.  User must do independent evaluation of the material presented.  References to licensing and sources may be dated. User shall verify the information and bears all risk for any inaccuracies.  
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