876 IAC 6-7-1 - License transition; scope of rule

Authority: IC 25-34.1-2-5

Affected: IC 25-34.1-3-10; IC 25-34.1-3-10.5

Sec. 1.

(a) As used in this section, "referral status" has the meaning set forth in IC 25-34.1-3-10.5(a).

(b) As used in this section, "salesperson" has the meaning set forth in IC 25-34.1-3-10.5(b).

(c) This rule establishes the educational and examination requirements for brokers who held:

(1) an inactive salesperson license on June 30, 2014, that became an inactive broker license on July 1, 2014, under IC 25-34.1-3-10(e); or

(2) a salesperson license on referral status on June 30, 2014, that became a broker license on referral status on July 1, 2014, under IC 25-34.1-3-10.5(d); to activate the inactive license or remove the license from referral status.

(d) The provisions of this rule apply to brokers and broker course providers as applicable.

Notes

876 IAC 6-7-1

Filed 5/22/2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff 7/1/2014 Readopted filed 11/19/2020, 9:56 a.m.: 20201216-IR-876200513RFA