Approved education requirement

Sec. 11. (a) The approved education requirement is as follows: (1) At least twelve (12) hours per year and at least thirty-six (36) hours per three (3) year renewal cycle in any of the following subjects, as determined by the commission: (A) License and escrow law. (B) Anti-trust law. (C) Civil rights law. (D) Agency law. (E) Listing contracts and purchase agreements. (F) Ethics and professionals standards. (G) Settlement procedures. (H) Appraising. (I) Property management. (J) Farm property management. (K) Commercial brokerage and leasing. (L) Financing. (M) Residential brokerage. (N) Land development. (O) Legislative issues affecting the real estate practice. (P) Other courses approved by the commission. (b) An attorney in good standing licensed to practice law in Indiana may satisfy the requirements of subsection (a) by completing the number of hours required by subsection (a) in continuing legal education courses in the subject matters listed in subsection (a). (c) An individual who applies for a broker's license after June 30, 2014, must, during the first two (2) years after the license is issued, take and pass at least thirty (30) hours of postlicensing education focused on the practical matters of real estate transactions instead of the continuing education requirements under this chapter. (d) For license renewal, a managing broker must complete at least twelve (12) hours of continuing education each year and at least thirty-six (36) hours per three (3) year renewal cycle. At least four (4) hours of the continuing education each year must be dedicated to the necessary business and management skills and legal knowledge needed by a managing broker. The commission shall develop or approve the continuing education courses for managing brokers.