876 Ind. Admin. Code 2-11-1
Current through December 25, 2024
Authority: IC 25-34.1-2-5
Affected: IC 25-34.1-5
Sec. 1.
The fundamentals of the real estate broker course are the following:
FUNDAMENTALS OF REAL ESTATE BROKER PRELICENSING COURSE MAJOR
SUBJECT AREA EMPHASIS
| Subject Area | Number of Course Hours |
| REAL ESTATE LAW | |
| Introduction to real estate law and course overview | 1.0 |
| Property ownership and interests | 1.0 |
| Transfer of title to real property | 1.0 |
| Land use controls | 1.0 |
| Real estate brokerage and the law of agency | 3.0 |
| Real estate contracts | 8.0 |
| Landlord and tenant | 1.0 |
| Closing real estate transactions | 9.0 |
| Federal income taxation of real estate | 3.0 |
| License law; commission rules and trust account guidelines | 5.0 |
| Securities law aspects of real estate transactions | 1.0 |
| REAL ESTATE BROKERAGE OPERATION | |
| Earnest money accounts | 4.0 |
| REAL ESTATE FINANCE | |
| Introduction to real estate finance | 2.0 |
| Sources of mortgage funds | 1.0 |
| The secondary mortgage market | 1.0 |
| Financing instruments | 1.0 |
| Types of mortgage loans | 2.0 |
| Residential loan underwriting | 2.0 |
| Income property loan underwriting | 1.0 |
| Consumer legislation affecting real estate financing | 1.0 |
| Real property valuation | 5.0 |
| Total course hours | 54.0 |
876 IAC 2-11-1