876 Ind. Admin. Code 2-15.1-3

Current through October 31, 2024

Section 876 IAC 2-15.1-3 - Applicability of existing broker course provisions

Authority: IC 25-34.1-2-5

Affected: IC 25-34.1-4.5; IC 25-34.1-5-4; IC 25-34.1-5-8

Sec. 3.

(a) 876 IAC 2-1 through 876 IAC 2-5 and 876 IAC 2-15 shall apply to the twenty-four (24) hour broker course under this rule except for the following, which shall not apply:

(1)876 IAC 2-2-2.

(2)876 IAC 2-2-12(a)(2).

(3)876 IAC 2-4-2.

(4)876 IAC 2-4-3.

(5)876 IAC 2-4-6.

(6)876 IAC 2-5-7.

(b)876 IAC 2-4-5 shall apply except that the attendance requirement in 876 IAC 2-4-5(a) shall be one hundred percent (100%) for the twenty-four (24) hour broker course.

(c) The limitation in IC 25-34.1-5-4(a)(2) to thirty-five (35) students per instructor per classroom does not apply to the transitional broker course under IC 25-34.1-4.5 and this rule.

(d) Except for real estate schools that are applying after the effective date of this rule for initial approval, approval of broker courses under this rule shall be considered significant changes under IC 25-34.1-5-8 and 876 IAC 2-2-12.

(e) The reference in 876 IAC 2-15-1(b) to 876 IAC 2-10 through 876 IAC 2-14 shall be deemed to be a reference to this rule.

(f) 876 IAC 2-10 through 876 IAC 2-14 shall not apply to broker courses under this rule.

876 IAC 2-15.1-3

Indiana Real Estate Commission; 876 IAC 2-15.1-3; filed Jun 11, 2012, 2:54 p.m.: 20120711-IR-876120158FRA