HB 1347 IN

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Became Law

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. 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.

• Edward Clere Independent · author
• Kyle Walker Republican · sponsor

1. Jan 13, 2025 First reading: referred to Committee on Financial Institutions · lower
2. Jan 13, 2025 Authored by Representative Clere · lower
3. Jan 13, 2025 Coauthored by Representatives O'Brien and Dant Chesser · lower
4. Jan 21, 2025 Committee report: amend do pass, adopted · lower
5. Jan 27, 2025 Second reading: ordered engrossed · lower
6. Jan 27, 2025 Representative Andrade added as coauthor · lower
7. Jan 28, 2025 Senate sponsor: Senator Walker K · lower
8. Jan 28, 2025 Cosponsor: Senator Goode · lower
9. Jan 28, 2025 Third reading: passed; Roll Call 33: yeas 91, nays 1 · lower
10. Jan 29, 2025 Referred to the Senate · lower
11. Feb 18, 2025 First reading: referred to Committee on Insurance and Financial Institutions · upper
12. Mar 13, 2025 Committee report: amend do pass, adopted · upper
13. Mar 13, 2025 Senator Randolph added as cosponsor · upper
14. Mar 17, 2025 Second reading: ordered engrossed · upper
15. Mar 18, 2025 Third reading: passed; Roll Call 251: yeas 49, nays 0 · upper
16. Mar 19, 2025 Returned to the House with amendments · upper
17. Apr 15, 2025 Motion to concur filed · lower
18. Apr 16, 2025 House concurred with Senate amendments; Roll Call 470: yeas 82, nays 0 · lower
19. Apr 17, 2025 Signed by the Speaker · lower
20. Apr 21, 2025 Signed by the President Pro Tempore · upper
21. Apr 23, 2025 Signed by the President of the Senate · upper
22. May 1, 2025 Public Law 166 · lower
23. May 1, 2025 Signed by the Governor · executive