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) schedule not more than the maximum number of hours of instruction established by the commission in any twenty-four (24) hour period;
(5) administer at least two (2) written examinations during the broker course which are approved, and passing scores established, by the commission;
(6) within thirty (30) days of the end of each course, submit to the commission the names and addresses of those students who successfully complete the course;
(7) maintain records of students who successfully complete and pass the course of study for a minimum of five (5) years or, in the event the school should cease operation, the owner shall provide a custodian acceptable to the commission to keep those records and provide copies to students at the fee in effect when the school ceases operation; and
(8) meet any other standards the commission may establish by regulation.
(b) Any instruction conducted in a broker office does not apply to the minimum hour requirements of section 5 of this chapter.
As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.127-2012, SEC.28.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
Chapter 5. Educational Courses
25-34.1-5-1. Approval and Permit Required for Broker Course
25-34.1-5-2. Application for Approval
25-34.1-5-3. Bond; Obligee; Requirements; Liability; Continuity; Cancellation
25-34.1-5-4. Approval of Broker Education Courses
25-34.1-5-6. Commission's Considerations; Factors
25-34.1-5-7. Expiration of Approval and Permit; Renewal
25-34.1-5-8. Inspection of Records and Facilities
25-34.1-5-9. Denial, Suspension, or Revocation of Approval and Permit
25-34.1-5-10. Prohibited Advertising
25-34.1-5-11. Additional Fees for Review Class Prohibited
25-34.1-5-12. Real Estate Education Advisory Council Makes Course Recommendations