Sec. 1. No person shall conduct, solicit or accept student enrollment for a broker course as prescribed in this chapter without: (1) the approval of the course by the commission; and (2) the issuance of a permit under section 15 of this chapter. As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.127-2012, SEC.27; P.L.116-2015, […]
Sec. 10. A school may not advertise that it or its course is endorsed, recommended, or accredited by the commission. As added by Acts 1979, P.L.248, SEC.1.
Sec. 11. Schools conducting approved courses may not charge an additional fee for any review class. As added by Acts 1979, P.L.248, SEC.1.
Sec. 12. (a) The real estate education advisory council established by IC 25-34.1-9-2 shall make recommendations to the commission concerning the following: (1) Requirements for sponsors of courses. (2) Requirements for instructors to be used by sponsors in providing courses. (3) Requirements for the curricula for education courses required under this article. (4) Rules to […]
Sec. 13. (a) Each instructor of a prelicensing education course under this chapter must have a permit issued by the commission. (b) An instructor permit under subsection (a) must: (1) be issued for a term of three (3) years, ending on a date set by the licensing agency; and (2) expire if not renewed by […]
Sec. 15. (a) Each real estate school approved under this chapter to conduct a prelicensing broker course must have a permit issued by the commission. (b) A real estate school issued a permit under subsection (a) must meet the following requirements: (1) For online courses, an instructor that has been issued a permit under this […]
Sec. 2. To obtain course approval, a person must apply to the commission by submitting a bond in the amount of ten thousand dollars ($10,000) and an application which includes a copy of the accreditation certificate issued by the appropriate accreditation body, if any, a detailed teaching syllabus, a proposed certificate to be issued to […]
Sec. 3. (a) The commission shall be the obligee under the bond. (b) The bond shall be: (1) executed by the person seeking course approval and by a corporate surety, licensed to do business in the state, as surety; (2) in such form and with such terms and conditions as the commission may require; (3) […]
Sec. 4. (a) To obtain approval of a broker course, a school shall: (1) provide the curriculum prescribed in section 5 of this chapter; (2) have no more than thirty-five (35) students per instructor per classroom; (3) provide adequate educational facilities and supportive personnel as is necessary to implement the purpose of this article; (4) […]
Sec. 5. The required curriculum for brokers shall consist of a total of at least ninety (90) hours of instruction and shall include the following subjects: principles, practices, Indiana license law and professional standards, law of agency, contracts, financing, settlement procedures, escrow responsibility, recordkeeping, government regulations, and appraising. As added by Acts 1979, P.L.248, SEC.1. […]
Sec. 6. In determining whether to grant approval of the curriculum, the commission shall consider, in addition to the requirements of sections 4 and 5 of this chapter, the following factors: accreditation, administration, ownership, instructors’ qualifications, director’s qualifications, course records, textbooks and related materials, cost of tuition and materials, and other means of evaluation as […]
Sec. 7. (a) The following expire on December 31 of each calendar year: (1) The approval of a course by the commission. (2) A permit issued under section 15 of this chapter. (b) To obtain renewal of approval for the ensuing calendar year, the school must submit to the commission by November 30 of the […]
Sec. 8. Each school conducting an approved course shall allow the commission to inspect its records and facilities. Each school shall report any significant proposed change in curriculum, faculty, or facilities to the commission at least thirty (30) days before the change, if possible. No change is effective unless it is approved by the commission. […]
Sec. 9. The commission may deny, suspend, or revoke: (1) the approval of any course; and (2) the permit issued to a school under section 15 of this chapter; if it determines the school failed to comply with the standards established in this chapter and the commission’s rules. As added by Acts 1979, P.L.248, SEC.1. […]
