The Indiana Real Estate Commission has begun the process of implementing changes to real estate licensing, as a result of the passage of Senate Bill 0275. For more information on the language of the bill, specific changes, and more, please visit the page found on the Indiana General Assembly by clicking here. On this page, clicking on "Latest Printing" will provide you the actual bill.
The information presented on the Commission site is of an educational nature, and intended to assist those seeking to either become a real estate licensee, or continue to practicing in the real estate profession. For those seeking legal advice regarding what a licensee can or cannot do, or specifics regarding the law, please consult the state's license law compilation, or contact an attorney.
In short, the bill enhances the real estate profession in Indiana by making changes to education, licensing, and administration. The changes allow for current salespersons to upgrade their license before July 1, 2014 to a broker license by completing a twenty four (24) hour transition course. After July, 2014, the real estate industry will consist of managing brokers and brokers. The license renewal period will extend to a three (3) year period, pre-licensing education will go from fifty-four (54) to ninety (90) hours, and continuing education requirements will change to twelve (12) hours each year. There are many more changes, and for details on how the changes affect your license, please select the license you hold below.
Many of our agents have been taking their transition course at McKissock.com. The specific course can be found on this page.
This is also a great time for those thinking of becoming a licensed agent (and Realtor). But, you need to start now! Contact us if you have questions or need help.
Posted by Scott A. Baldwin at 11:15 AM on Monday, April 14, 2014