Section 876IAC7-5-1. Continuing education requirements

   (a) Every licensed real estate broker who has not been granted:

(1) an inactive license under IC 25-34.1-3-10; or

(2) a waiver under IC 25-34.1-9-19;

must complete at least twelve (12) hours per continuing education year of approved education courses under IC 25-34.1-9-11 and this article that are given by commission-approved sponsors.

  (b) Brokers attending continuing education courses shall present a:

(1) government-issued photo identification; and

(2) proof of licensure as a real estate broker for inspection by the course sponsor or a person designated by the course sponsor.

  (c) Measurements and reporting shall be in full hours with a fifty (50) minute instruction period equaling one (1) hour.

  (d) A course shall be a minimum of a two (2) hour instruction period.

  (e) A minimum of two (2) hours and not more than eight (8) hours of instruction may be offered in a one (1) day course. However, instruction for an approved distance learning continuing education program under 876 IAC 7-6 may be more than eight (8) hours of instruction in a one (1) day course.

  (f) A broker shall not be entitled to any continuing education credit for a course unless the broker completes the entire course.

  (g) Any continuing education hours accumulated above the minimum requirement for a continuing education year shall not be carried forward to the next continuing education year.

  (h) A broker who attends the same approved continuing education course more than once in the same continuing education year is only entitled to continuing education credit for one (1) course.

  (i) An instructor shall be entitled to broker continuing education credit for broker courses the instructor teaches and instructor continuing education credit for instructor courses the instructor teaches. However, an instructor may not:

(1) be credited for more than twelve (12) hours of continuing education for instructing in any three (3) year licensure period;

(2) receive credit for repeated courses; or

(3) count instruction credit toward the continuing education specific to providing real estate instructors as required by IC 25-34.1-5-13 and IC 25-34.1-9-22.

(Indiana Real Estate Commission; 876 IAC 7-5-1; filed May 22, 2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff Jul 1, 2014)