Sec. 7. (a) Except as provided in subsection (b), all funds collected under this article shall, at the end of each month, be reported to the auditor of state and deposited with the treasurer of state for deposit in the general fund. All expenses incurred in the administration of this article shall be paid from the general fund.
(b) The commission shall establish a fee of not more than twenty dollars ($20) for real estate brokers to provide funds for the purpose of administering and enforcing the provisions of this article, including investigating and taking enforcement action against real estate fraud and real estate appraisal fraud. All funds collected under this subsection shall be deposited in the investigative fund established by IC 25-34.1-8-7.5.
As added by P.L.57-2007, SEC.2. Amended by P.L.127-2012, SEC.10.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
Chapter 2. Creation of Commission
25-34.1-2-1. Creation; Members; Appointments; Terms; Removal
25-34.1-2-2. Officers; Term; Duties; Executive Director
25-34.1-2-3. Meetings; Time and Place; Quorum; Written Consent to Action
25-34.1-2-4. Compensation of Members; Expenses
25-34.1-2-5. Powers of Commission
25-34.1-2-5.1. Standards for Competent Practice; Rules
25-34.1-2-7. Report of Funds; Deposit; Payment of Expenses; Fee for Investigative Fund