Sec. 13. (a) Each instructor of a prelicensing education course under this chapter must have a permit issued by the commission.

     (b) An instructor permit under subsection (a) must:

(1) be issued for a term of three (3) years, ending on a date set by the licensing agency; and

(2) expire if not renewed by the end of the permit period.

     (c) An instructor issued a permit under subsection (a) must meet the following requirements:

(1) Be a licensed real estate broker or attorney licensed in Indiana, or an expert in the field working in conjunction with a licensed real estate broker or licensed attorney.

(2) Each year, complete four (4) hours of continuing education approved by the licensing agency and specific to providing real estate instruction. Hours earned under this subdivision may be used toward the completion of the continuing education requirement for a broker under IC 25-34.1-9-11.

(3) Pay applicable fees established under rules adopted by the commission under IC 4-22-2.

(4) Meet any additional requirements established by the commission under rules adopted under IC 4-22-2.

     (d) If a permit expires under subsection (b)(2), to return the permit to active status, the instructor must:

(1) successfully complete continuing education requirements required by the commission;

(2) file a renewal application;

(3) pay a renewal fee under rules adopted by the commission under IC 4-22-2;

(4) pay any applicable late fees established under rules adopted by the commission under IC 4-22-2; and

(5) meet any additional requirements established by the commission.

     (e) Instructors approved by the commission before July 1, 2013, shall be exempted from the requirement under subsection (c)(1).

As added by P.L.200-2013, SEC.8. Amended by P.L.2-2014, SEC.112.