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Senate Bill 0615

Senate Bill 0615

ARCHIVE (2013)

Latest Information

DIGEST OF SB 615 (Updated April 22, 2013 2:37 pm - DI 84)

Real estate licensing. Provides that to be a managing broker licensed under the real estate licensing law, an individual must meet certain requirements. Establishes the duration of validity for real estate licenses and expiration dates. Removes a requirement that the Indiana real estate commission (commission) must adopt certain rules annually. Allows real estate schools to offer managing broker courses beginning July 1, 2013. Requires that instructors at real estate schools must have permits to teach. Provides for permits for real estate schools. Authorizes the commission to deny, suspend, or revoke approval of courses, course sponsors, or instructor permits under certain conditions. Provides that a valid inactive salesperson license issued before July 1, 2014 becomes a broker's license on July 1, 2014, with certain restrictions.
    Current Status:
    Law Enacted
    Latest Printing (PDF)