Here's what the code says.. http://iga.in.gov/static-documents/a/9/9/5/a9952b9...Broker's License(Salesperson License): Statute: IC 25-34.1-3-4.1You have to be 18 or older and no convictions(See link above)Have a High School Diploma or GEDComplete approved broker course(salesperson)Pay the feePass the testSubmit license with who your sponsoring managing broker will be.Managing Broker License: Statute IC 25-34.1-4-0.5Hold a Broker's license for 2 yearstake and pass at least 24 hours of broker management courses approved by the commission.

@John K. wow two weeks for results that is old school.. now a days at least in the states I have licneses once you hit submit.. the computer spits our your results.. some states its pass or fail some will give you how well you did.Like on my NMLS mortgage banker test ..

Carol Hensal , we bought our first rental while my wife was an elementary school music teacher.

Another problem you will have is that most lenders will want to see a rental history sometimes as long as two years and will generally also give you credit for 70% of the rents even if you have 100% occupancy.

Strong rental history with units rarely ever vacant and waiting list.

Because I hopped a plane just a couple days after high school graduation, I basically have no idea how to do adult life in the USA... so clearly the thing to do in this situation is get involved in real estate investing, ha!

In the end after learning the ramifications of what  they were suggesting they quit doing financed contracts.Financial  compliance isn't a prerequisite for law school to my  knowledge, I'm not an attorney, but a past Federal Bank Examiner. 

School loans are ok as long as the interest rate is low. 

@Amanda Coleman  too funny I have only been working in Portland since 1992.. and still don't know PSU from U of P other than one is public and one is I think the catholic school... so yes. 

Specifically to their latest guidance on denying applicants with a criminal history...I will be running the background check last as part of the application process instead of in tandem - which should let all the other key criteria be met in advance.