876 IAC 2-3-3 - Instructors; qualifications

Authority: IC 25-34.1-2-5

Affected: IC 25-34.1-5

Sec. 3.

(a) Each instructor shall possess at least one (1) of the following minimum requirements:

(1) Has a bachelor's degree with a major or minor in real estate from an accredited college or university.

(2) Has a bachelor's degree from an accredited college or university and has a minimum of two (2) years experience in real estate.

(3) Has an Indiana real estate broker license and has a minimum of five (5) years experience as a real estate broker in real estate practice as defined in 876 IAC 1-1-3(n) and (p).

(4) Has a juris doctor or equivalent from an accredited law school and has a minimum of two (2) years experience in the subject matter to be taught in the course.

(5) Has two (2) years experience as a qualified instructor or professor in the business, finance, or economics department of an accredited college or university.

(b) An individual who:

(1) was an instructor in an approved salesperson or broker course before January 1, 1989; and

(2) does not meet the requirements of subsection (a);

may continue to be an instructor with the same school or another school after December 31, 1989.

Notes

876 IAC 2-3-3

Indiana Real Estate Commission; 876 IAC 2-3-3; filed Dec 9, 1988, 1:25 p.m.: 12 IR 931, eff Jan 8, 1989; errata filed Dec 21, 1988, 3:45 p.m.: 12 IR 1209; readopted filed Jun 29, 2001, 9:56 a.m.: 24 IR 3824; readopted filed Jul 19, 2007, 12:57 p.m.: 20070808-IR-876070067RFA; readopted filed November 25, 2013, 9:21 a.m.: 20131225-IR-876130283RFA