876 IAC 2-15.1-5 - Transitional broker examination

Authority: IC 25-34.1-2-5

Affected: IC 25-34.1-4.5

Sec. 5.

(a) 876 IAC 2-17 shall not apply to examinations under this rule.

(b) The broker examination under this rule shall be an examination for the testing of real estate brokers.

(c) The broker examination will be administered by the commission's duly appointed agent.

(d) Prior to sitting for the broker examination under this rule, an applicant for a broker license must have completed the twenty-four (24) hour broker course under this rule.

(e) An applicant shall be deemed to have passed the examination upon attaining a score of at least seventy percent (70%).

(f) An applicant who does not pass the broker examination under this rule in three (3) attempts must again complete the broker course under this rule. However, the broker examination under this rule shall not be available after December 31, 2014, so all applicants must pass it by that date or be required to meet all the requirements for the initial licensure as a real estate broker that are in effect on January 1, 2015.

Notes

876 IAC 2-15.1-5

Indiana Real Estate Commission; 876 IAC 2-15.1-5; filed Jun 11, 2012, 2:54 p.m.: 20120711-IR-876120158FRA