Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 876. INDIANA REAL ESTATE COMMISSION |
Article 876IAC7. MANAGING BROKER EDUCATION; POSTLICENSURE EDUCATION; CONTINUING EDUCATION; INSTRUCTOR EDUCATION |
Rule 876IAC7-5. Broker Continuing Education; Managing Broker Continuing Education; Instructor Continuing Education |
Section 876IAC7-5-8. Inactive license
Latest version.
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(a) A broker applying for license renewal may request an inactive license under IC 25-34.1-3-10 by complying with that section and certifying under penalty of perjury that the applicant will not perform and does not intend to perform an act that requires a broker license.
(b) Brokers, both assigned and unassigned, may request an inactive license under subsection (a). By doing so, they are removed from their previous status and become holders of inactive licenses. (Indiana Real Estate Commission; 876 IAC 7-5-8; filed May 22, 2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff Jul 1, 2014)