IndianaReal estate matters.
What it does
Requires a broker company to deposit funds belonging to others into a trust account that the broker company maintains. Requires that residential real estate sales disclosure forms include disclosures by an owner that a property is located within a locally designated historic district. Requires that residential real estate sales disclosure forms include disclosures by an owner of any conservation easement.
More detail
Requires the Indiana professional licensing agency in consultation with the Indiana real estate commission to perform annual and random audits for compliance of more than one percent (1%) but less than ten percent (10%) of the practitioners who hold a broker's license required to take continuing education courses. Provides that to become a managing broker, an individual, among other things, must: (1) hold an active broker's license for at least three years; and (2) pass a written examination. Amends provisions relating to real estate agreements. Makes a technical correction.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 1Signed by the Governor Mike BraunBecame Law
- May 1Public Law 166Major
- Apr 23Signed by the President of the SenateMajor
- Apr 21Signed by the President Pro TemporeMajor
- Apr 17Signed by the SpeakerMajor
- Apr 16House concurred with Senate amendments; Roll Call 470: yeas 82, nays 0
- Vote recorded HB 1347 - Clere. Result: pass.Lower
- Apr 15Motion to concur filedMinor
- Mar 19Returned to the House with amendmentsMinor
- Mar 18Third reading: passed; Roll Call 251: yeas 49, nays 0Passed Senate
- Vote recorded HB 1347 - Walker K - 3rd Reading. Result: pass.Upper
- Mar 17Second reading: ordered engrossedMinor
- Mar 13Senator Randolph added as cosponsor
- Mar 13Committee report: amend do pass, adoptedMinor
- Feb 18First reading: referred to Committee on Insurance and Financial InstitutionsMinor
- Jan 29Referred to the SenateMinor
- Jan 28Third reading: passed; Roll Call 33: yeas 91, nays 1Passed House
- Vote recorded HB 1347 - Clere - 3rd Reading. Result: pass.Lower
- Jan 28Cosponsor: Senator Goode
- Jan 28Senate sponsor: Senator Walker K
- Jan 27Representative Andrade added as coauthor
- Jan 27Second reading: ordered engrossedMinor
- Jan 21Committee report: amend do pass, adoptedMinor
- Jan 13Coauthored by Representatives O'Brien and Dant Chesser
- Jan 13Authored by Representative Clere
- Jan 13First reading: referred to Committee on Financial InstitutionsIntroduced