Indiana § 25-34.1-3-10.5 "Referral status"

Indiana Statutes

§ 25-34.1-3-10.5 — "Referral status"

Indiana § 25-34.1-3-10.5

Title 25PROFESSIONS AND OCCUPATIONS

Art. 34.1REAL ESTATE BROKERS AND

Ch. 3Licensing

This text of Indiana § 25-34.1-3-10.5 ("Referral status") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 25-34.1-3-10.5 (2026).

Text

5.

(a)For purposes of this section, "referral status" means that the commission has granted an applicant of a license a waiver under IC 25-34.1-9-19 as a result of the applicant meeting the requirements under IC 25-34.1-9-19(2).

(b)For purposes of this section, "salesperson" has the meaning set forth in IC 25-34.1-1-2(5) (before that subdivision was removed).

(c)For purposes of this section, "salesperson's license" means a license issued under section 3.1 of this chapter (before its repeal).

(d)Subject to subsection (e), the following applies to an individual whose salesperson's license is in referral status on June 30, 2014:

(1)On July 1, 2014, the salesperson's license of the individual becomes a broker's license under this article.

(2)The individual may continue to make referrals

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5. (a) For purposes of this section,
"referral status" means that the commission has granted an applicant of
a license a waiver under IC 25-34.1-9-19 as a result of the applicant
meeting the requirements under IC 25-34.1-9-19(2).
(b) For purposes of this section, "salesperson" has the meaning set
forth in IC 25-34.1-1-2(5) (before that subdivision was removed).
(c) For purposes of this section, "salesperson's license" means a
license issued under section 3.1 of this chapter (before its repeal).
(d) Subject to subsection (e), the following applies to an individual
whose salesperson's license is in referral status on June 30, 2014:
(1) On July 1, 2014, the salesperson's license of the individual
becomes a broker's license under this article.
(2) The individual may continue to make referrals to a licensed
broker after June 30, 2014.
(e) An individual whose salesperson's license becomes a broker's
license under subsection (d) may only make referrals to a licensed
broker and may not perform any other act that requires a broker's
license under this article unless the individual does all of the following:
(1) Completes at least twenty-four (24) hours of the education
described in IC 25-34.1-5-5.
(2) Meets the requirements to be a licensed broker under IC 25-34.1-3-4.1.
(3) Attests to the commission that the individual has completed
the twenty-four (24) hours of education described in subdivision
(1).
(f) If:
(1) a broker is licensed under this article after June 30, 2014; and
(2) the broker's license is placed on referral status before the
broker completes the thirty (30) hours of postlicensing education
required under section 4.1(f) of this chapter;
the broker must complete the thirty (30) hours of postlicensing
education before the broker's license may be moved from referral status
and the broker may perform acts that require a broker's license under
this article beyond making referrals to licensed brokers.