Indiana Code 25-34.1-5-15. Real estate schools
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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.
(1) For online courses, an instructor that has been issued a permit under this chapter must be available during normal business hours.
(b) A real estate school issued a permit under subsection (a) must meet the following requirements:
Terms Used In Indiana Code 25-34.1-5-15
- Broker: means a person who:
Indiana Code 25-34.1-1-2
- Commission: means the Indiana real estate commission. See Indiana Code 25-34.1-1-2
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Real estate: means any right, title, or interest in real property. See Indiana Code 25-34.1-1-2
(2) Course rosters must be provided to the commission each month.
(3) The school must pay the permit fees established by the commission under subsection (d).
(c) To remain in effect, a permit issued under this section must be renewed by the commission before its expiration under section 7(a) of this chapter.
(d) The commission shall establish, by rule adopted under IC 4-22-2, fees for permits under this section.
(e) A school must annually file with the commission a list of courses offered by the school.
As added by P.L.200-2013, SEC.9. Amended by P.L.2-2014, SEC.113; P.L.116-2015, SEC.15.