Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons

25-34.1-3-6. Change of Name, Business Address, or Association of Licensee or Managing Broker - Sec. 6. Each licensee and each licensee's managing broker, if...

25-34.1-3-7. Repealed - As added by Acts 1979, P.L.248, SEC.1. Repealed by Acts...

25-34.1-3-8. Real Estate Appraiser Licensure and Certification Program; Necessity for Licensure or Certification - Sec. 8. (a) This section does not preclude a person...

25-34.1-3-9. Repealed - As added by P.L.186-1990, SEC.13. Amended by P.L.183-1991, SEC.8; P.L.145-2003,...

25-34.1-3-9.5. Fees; Real Estate Appraiser Licensure and Certification Program - Sec. 9.5. (a) The commission shall establish fees under IC...

25-34.1-3-10. Inactive License Requirements; Continuing Education; Reactivation Requirements - Sec. 10. (a) A broker licensed under section 4.1 of...

25-34.1-3-10.5. "Referral Status" - Sec. 10.5. (a) For purposes of this section, "referral status"...

25-34.1-3-11. Acts Permitted by Unlicensed Out-of-State Commercial Broker; Written Consent - Sec. 11. (a) An out-of-state commercial broker, for a fee,...

25-34.1-3-12. Criminal Convictions - Sec. 12. A licensee who is convicted of a crime...

Chapter 4. Principal Brokers

25-34.1-4-0.5. Prerequisites to Becoming a Managing Broker - Sec. 0.5. Except as provided in section 6 of this...

25-34.1-4-0.6. Real Estate Schools - Sec. 0.6. Beginning July 1, 2013, a real estate school...

25-34.1-4-1. Responsibilities of Broker Company - Sec. 1. A broker company and its managing broker are...

25-34.1-4-2. Partnership, Corporation, or Limited Liability Company as Broker Company - Sec. 2. Except as provided in IC 23-1.5, a partnership...

25-34.1-4-3. Residency Requirements of Managing Brokers; Certain Nonresidents May Be Managing Brokers - Sec. 3. (a) Except as provided in subsection (b), each...

25-34.1-4-3.1. Individuals Who Became Managing Brokers on July 1, 2014 - Sec. 3.1. An individual who, on June 30, 2014, was:...

25-34.1-4-4. Independent Contractor Relationship - Sec. 4. Notwithstanding IC 23-1.5, the association of a broker...

25-34.1-4-5. Trust Accounts - Sec. 5. (a) Each broker company: (1) shall keep in...

25-34.1-4-6. Death of Sole Proprietor or Partner; Carrying Out Business Contracted Before Death; Brokers Associated With Broker Company - Sec. 6. (a) In the event of: (1) the death...

Chapter 5. Educational Courses

25-34.1-5-1. Approval and Permit Required for Broker Course - Sec. 1. No person shall conduct, solicit or accept student...

25-34.1-5-2. Application for Approval - Sec. 2. To obtain course approval, a person must apply...

25-34.1-5-3. Bond; Obligee; Requirements; Liability; Continuity; Cancellation - Sec. 3. (a) The commission shall be the obligee under...

25-34.1-5-4. Approval of Broker Education Courses - Sec. 4. (a) To obtain approval of a broker course,...

25-34.1-5-5. Curriculum - Sec. 5. The required curriculum for brokers shall consist of...

25-34.1-5-6. Commission's Considerations; Factors - Sec. 6. In determining whether to grant approval of the...

25-34.1-5-7. Expiration of Approval and Permit; Renewal - Sec. 7. (a) The following expire on December 31 of...

25-34.1-5-8. Inspection of Records and Facilities - Sec. 8. Each school conducting an approved course shall allow...

25-34.1-5-9. Denial, Suspension, or Revocation of Approval and Permit - Sec. 9. The commission may deny, suspend, or revoke: (1)...

25-34.1-5-10. Prohibited Advertising - Sec. 10. A school may not advertise that it or...

25-34.1-5-11. Additional Fees for Review Class Prohibited - Sec. 11. Schools conducting approved courses may not charge an...

25-34.1-5-12. Real Estate Education Advisory Council Makes Course Recommendations - Sec. 12. (a) The real estate education advisory council established...

25-34.1-5-13. Instructor Permits - Sec. 13. (a) Each instructor of a prelicensing education course...

25-34.1-5-15. Real Estate Schools - Sec. 15. (a) Each real estate school approved under this...

Chapter 6. Enforcement

25-34.1-6-1. Repealed - As added by Acts 1979, P.L.248, SEC.1. Repealed by Acts...

25-34.1-6-1.1. Repealed - As added by Acts 1981, P.L.222, SEC.265. Amended by P.L.240-1985,...

25-34.1-6-2. Penalties; Supplemental Procedures - Sec. 2. (a) A person who: (1) performs the acts...

25-34.1-6-2.5. Violation of Credit Service Organization Statute or Mortgage Rescue Protection Fraud Statute; Class a Infraction; Enforcement Procedures and Sanctions - Sec. 2.5. (a) A violation of: (1) IC 24-5-15; or...

25-34.1-6-3. Criminal Conviction; Discipline - Sec. 3. A licensee who is convicted of a crime...

25-34.1-6-4. Not Grounds for Liability - Sec. 4. (a) The mere transporting, transmitting, or delivering of...

Chapter 7. Real Estate Recovery Fund

25-34.1-7-1. Establishment of Fund; Administration; Investments - Sec. 1. (a) The real estate recovery fund is established...

25-34.1-7-2. Surcharge; Formula; Assessment; Application of Section - Sec. 2. (a) If the total amount in the real...

25-34.1-7-2.1. Reversion of Excess Funds - Sec. 2.1. If the total amount in the real estate...

25-34.1-7-3. Interest on Investments; Payment of Expenses - Sec. 3. Any interest earned on investment of money in...

25-34.1-7-4. Applications for Order Directing Payment Out of Fund; Amount of Loss; Limitation on Recovery - Sec. 4. (a) If any aggrieved person obtains a final...

25-34.1-7-5. Claims Against Single Licensee in Excess of Dollar Limitation; Distribution; Joinder of Claims; Payment; Insufficient Funds - Sec. 5. (a) If the payment in full of two...

25-34.1-7-6. Agent for Service of Process - Sec. 6. Any broker who is licensed or renews a...

25-34.1-7-7. Limitation of Actions; Notice of Commencement of Action - Sec. 7. An order for payment from the real estate...

25-34.1-7-8. Commission as Defendant; Hearings; Orders Directing Payment - Sec. 8. (a) When any person files an application for...

25-34.1-7-9. Payment of Claims - Sec. 9. Upon an order of the commission directing that...

25-34.1-7-10. Suspension of Judgment Debtor's License; Repayment of Fund; Interest - Sec. 10. (a) If the commission is required to make...

25-34.1-7-11. Subrogation - Sec. 11. When the commission has ordered and caused payment...

25-34.1-7-12. Expenditure of Interest - Sec. 12. Subject to the approval of the budget agency,...

25-34.1-7-13. Attorney General; Assistance; Expenses - Sec. 13. (a) The office of the attorney general shall...

Chapter 8. Real Estate Appraiser Licensure and Certification Board

25-34.1-8-1. Creation of Board - Sec. 1. The real estate appraiser licensure and certification board...

25-34.1-8-2. Members; Appointments; Removal - Sec. 2. (a) The board consists of five (5) members...

25-34.1-8-3. Term - Sec. 3. Each board member serves for a term under...

25-34.1-8-3.5. Officers - Sec. 3.5. (a) The board shall annually elect one (1)...

25-34.1-8-4. Quorum - Sec. 4. (a) The board must have a quorum to...

25-34.1-8-5. Majority Vote - Sec. 5. The affirmative vote of three (3) members of...

25-34.1-8-6. Repealed - As added by P.L.186-1990, SEC.14. Amended by P.L.183-1991, SEC.12; P.L.145-2003,...

25-34.1-8-6.5. Recommendations to Commission; Implementation and Operation of Program; Fee; Rules - Sec. 6.5. The board shall submit recommendations to the commission...

25-34.1-8-7. Approval of Applications; Issuance of Licenses and Certificates - Sec. 7. The board shall do the following: (1) Approve...

25-34.1-8-7.5. Investigative Fund; Administration by Attorney General and Professional Licensing Agency - Sec. 7.5. (a) The investigative fund is established to provide...

25-34.1-8-7.7. Memorandum of Understanding - Sec. 7.7. (a) The attorney general and the licensing agency...

25-34.1-8-8. Repealed - As added by P.L.186-1990, SEC.14. Repealed by P.L.183-1991, SEC.19.

25-34.1-8-9. Per Diem; Travel and Other Expenses - Sec. 9. Each member of the board who is not...

25-34.1-8-10. Qualification of Applicants; Criminal Background Checks; Evidence of Compliance - Sec. 10. (a) To be licensed or certified as a...

25-34.1-8-11. Repealed - As added by P.L.183-1991, SEC.15. Repealed by P.L.214-1993, SEC.91.

25-34.1-8-12. Real Estate Appraisal Practice or Education Without License or Certification; Injunctions; Enforcement - Sec. 12. (a) A person who: (1) performs: (A) the...

25-34.1-8-13. Real Estate Appraiser Courses; Approval - Sec. 13. A person may not conduct, solicit, or accept...

25-34.1-8-14. Repealed - As added by P.L.183-1991, SEC.18. Repealed by P.L.57-2007, SEC.9.

25-34.1-8-15. Use of Investigative Fund - Sec. 15. The office of the attorney general and the...

Chapter 9. Continuing Education

25-34.1-9-1. "Council" Defined - Sec. 1. As used in this chapter, "council" refers to...

25-34.1-9-2. Real Estate Education Advisory Council; Establishment - Sec. 2. The real estate education advisory council is established....

25-34.1-9-3. Membership - Sec. 3. The council consists of five (5) members, three...

25-34.1-9-4. Term of Office - Sec. 4. Each member of the council shall be appointed...

25-34.1-9-5. Vacancies - Sec. 5. If a vacancy occurs on the council, the...

25-34.1-9-6. Removal for Cause - Sec. 6. The commission may remove a member of the...

25-34.1-9-7. Chair and Vice Chair - Sec. 7. The council shall elect from the council's membership...

25-34.1-9-8. Meetings - Sec. 8. The council shall meet upon the call of...

25-34.1-9-9. Implementation and Courses Under This Chapter - Sec. 9. (a) The council shall make recommendations to the...

25-34.1-9-10. Completion of Approved Education Requirement; Exception - Sec. 10. Except for an individual who has been granted...

25-34.1-9-11. Approved Education Requirement - Sec. 11. (a) The approved education requirement is as follows:...

25-34.1-9-12. Course Sponsor; Approval Requirements - Sec. 12. To obtain approval as a continuing education course...

25-34.1-9-13. Approved Sponsor; Records; Attendance Roster; Evaluation; Transmittal Form - Sec. 13. (a) A continuing education sponsor that has received...

25-34.1-9-14. Expiration of Sponsor Approval; Renewal Requirements - Sec. 14. (a) The approval for a sponsor for a...

25-34.1-9-15. Inspection; Approved Sponsor Records and Facilities - Sec. 15. The commission may inspect an approved sponsor's records...

25-34.1-9-15.5. Commission Denial, Suspension, or Revocation of Approval of Courses or Course Sponsors - Sec. 15.5. (a) The commission may deny, suspend, or revoke...

25-34.1-9-16. Advertising Sponsor or Course - Sec. 16. (a) A person may advertise that the sponsor...

25-34.1-9-17. Renewal Period; Licensee Exemption From Continuing Education Requirement - Sec. 17. A licensee who is initially licensed in the...

25-34.1-9-18. Application for Renewal; Certification Requirements - Sec. 18. An applicant for renewal must certify on the...

25-34.1-9-19. Waiver Conditions; Continuing Education Requirement; Prohibited Activity - Sec. 19. The commission may grant an applicant a waiver...

25-34.1-9-20. Renewal License; Denial - Sec. 20. Subject to IC 25-1-4, the commission may deny...

25-34.1-9-21. Implementation of Chapter - Sec. 21. The commission may adopt rules under IC 4-22-2...

25-34.1-9-22. Continuing Education Instructor Permits - Sec. 22. (a) Each instructor of a continuing education course...

25-34.1-9-23. Electronic Continuing Education Tracking System - Sec. 23. The commission may enter into an agreement with...

Chapter 10. Real Estate Agency Relationships

25-34.1-10-0.5. "Agency Relationship" - Sec. 0.5. As used in this chapter, "agency relationship" means...

25-34.1-10-1. "Broker" - Sec. 1. As used in this chapter, "broker" means an...

25-34.1-10-2. Repealed - As added by P.L.128-1994, SEC.6. Repealed by P.L.130-1999, SEC.23.

25-34.1-10-3. Repealed - As added by P.L.128-1994, SEC.6. Repealed by P.L.130-1999, SEC.23.

25-34.1-10-4. Repealed - As added by P.L.128-1994, SEC.6. Repealed by P.L.130-1999, SEC.23.

25-34.1-10-5. "Client" - Sec. 5. As used in this chapter, "client" means a...

25-34.1-10-6. "Customer" - Sec. 6. As used in this chapter, "customer" means a...

25-34.1-10-6.5. "In-House Agency Relationship" - Sec. 6.5. As used in this chapter, "in-house agency relationship"...

25-34.1-10-6.8. "Licensee" - Sec. 6.8. As used in this chapter, "licensee" means an...

25-34.1-10-7. "Limited Agent" - Sec. 7. As used in this chapter, "limited agent" means...

25-34.1-10-7.5. Repealed - As added by P.L.130-1999, SEC.10. Repealed by P.L.127-2012, SEC.43.

25-34.1-10-7.8. Repealed - As added by P.L.130-1999, SEC.11. Repealed by P.L.127-2012, SEC.44.

25-34.1-10-8. "Real Estate Transaction" - Sec. 8. As used in this chapter, "real estate transaction"...

25-34.1-10-9. "Subagent" - Sec. 9. As used in this chapter, "subagent" means a...

25-34.1-10-9.5. Agency Relationship; Performance of Duties - Sec. 9.5. (a) A licensee has an agency relationship with,...

25-34.1-10-10. Licensee Representing Seller or Landlord; Duties; Disclosure of Information - Sec. 10. (a) A licensee representing a seller or landlord...

25-34.1-10-11. Licensee Representing Buyer or Tenant; Duties; Disclosure of Information - Sec. 11. (a) A licensee representing a buyer or tenant...

25-34.1-10-12. Licensee Acting as Limited Agent - Sec. 12. (a) A licensee may act as a limited...

25-34.1-10-12.5. Representations by Licensees - Sec. 12.5. (a) An individual licensee affiliated with a broker...

25-34.1-10-13. Written Office Policy Regarding Agency Relationships; Disclosure of Policy; Disclosure of Compensation; Compensation Not Creating Agency Relationship - Sec. 13. (a) A managing broker shall develop and enforce...

25-34.1-10-14. Commencement and Termination of Agency Relationship - Sec. 14. (a) The duties and obligations set forth in...

25-34.1-10-15. Fiduciary Duties Superseded - Sec. 15. The duties and obligations of a licensee set...

25-34.1-10-16. Liability for Misrepresentation - Sec. 16. (a) A client is not liable for any...

25-34.1-10-17. Subagency Prohibited - Sec. 17. A licensee may not make an offer of...

Chapter 11. Appraisal Management Companies

25-34.1-11-1. "Appraisal" - Sec. 1. As used in this chapter, "appraisal" has the...

25-34.1-11-2. "Appraisal Management Company" - Sec. 2. As used in this chapter, "appraisal management company"...

25-34.1-11-3. "Appraisal Management Services" - Sec. 3. (a) As used in this chapter, "appraisal management...

25-34.1-11-4. "Board" - Sec. 4. As used in this chapter, "board" refers to...

25-34.1-11-5. "Person" - Sec. 5. (a) As used in this chapter, "person" means...

25-34.1-11-6. "Real Estate Appraiser" - Sec. 6. As used in this chapter, "real estate appraiser"...

25-34.1-11-7. "Uspap" - Sec. 7. "USPAP" refers to the Uniform Standards of Professional...

25-34.1-11-8. Certificate of Registration Required - Sec. 8. An appraisal management company may not perform appraisal...

25-34.1-11-9. Information and Fee Required for Registration - Sec. 9. (a) An appraisal management company that wishes to...

25-34.1-11-10. Issuance of a Certificate of Registration - Sec. 10. (a) The board shall issue a certificate of...

25-34.1-11-11. Restrictions on Appraisal Management Companies - Sec. 11. (a) A person may not own an interest...

25-34.1-11-12. Appraisal Reviews - Sec. 12. (a) As used in this section, "appraisal review"...

25-34.1-11-13. Service Requests; Record Requirements - Sec. 13. (a) An appraisal management company performing appraisal management...

25-34.1-11-13.3. Engaging a Real Estate Appraiser to Perform Appraisal; Proposed Contract Required; Contents; Acceptance - Sec. 13.3. (a) Before an appraisal management company may engage...

25-34.1-11-13.5. "Peers"; "Scope of Work"; Deadline for Appraisal Management Company to Pay Real Estate Appraiser; Exceptions; Inclusion of Real Estate Appraiser's Fee in Appraisal Report - Sec. 13.5. (a) As used in this section, "peers", with...

25-34.1-11-14. Registration Forms - Sec. 14. The board shall prescribe forms for the registration...

25-34.1-11-15. Registration Fee - Sec. 15. (a) The board shall establish the registration fee...

25-34.1-11-15.5. Annual Amc Registry Fee; Determination of Fee Amount; Annual Transmission of Fees to Appraisal Subcommittee; Commission's Authority to Adopt Rules - Sec. 15.5. (a) This section applies to an appraisal management...

25-34.1-11-16. Appraisals; Standards Compliance - Sec. 16. An appraisal management company is responsible for ensuring...

25-34.1-11-17. Disciplinary Sanctions - Sec. 17. (a) An appraisal management company that violates this...

25-34.1-11-18. Penalty for Failure to Register - Sec. 18. (a) A person who performs appraisal management services...

25-34.1-11-19. Authority to Adopt Rules - Sec. 19. The board may adopt rules under IC 4-22-2...

<< Previous

Next >>

Indiana Code Title 25. Professions and Occupations Article 34.1. Real Estate Brokers and Salespersons

Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons