Key Takeaways
- The Indiana Real Estate Commission (IREC) regulates real estate licensees under Indiana Code Title 25, Article 34.1
- IREC operates under the Indiana Professional Licensing Agency (PLA) and is located at 402 W. Washington Street, Indianapolis
- The Commission consists of 9 members appointed by the Governor
- IMPORTANT: Indiana has NO salesperson license - all licensees are called "brokers" from day one
- Indiana requires 90 hours of pre-license education and a 30-hour post-license course within the first 2 years
Indiana Real Estate Commission (IREC) Overview
The Indiana Real Estate Commission (IREC) is the state agency responsible for licensing and regulating real estate professionals in Indiana. IREC operates under the Indiana Professional Licensing Agency (PLA).
Commission Structure
The Commission is led by an executive director appointed by the Indiana Professional Licensing Agency.
Commission Membership
The Indiana Real Estate Commission consists of 9 members appointed by the Governor:
| Member Type | Number | Qualifications |
|---|---|---|
| Licensed Brokers | 6 | Active Indiana broker license |
| Consumer Members | 3 | Not licensed in real estate |
Members serve 4-year staggered terms.
Commission Authority and Functions
The Indiana Real Estate Commission has broad regulatory authority:
| Function | Description |
|---|---|
| Licensing | Issue, renew, suspend, and revoke licenses |
| Education | Approve pre-license and continuing education schools |
| Enforcement | Investigate complaints and take disciplinary action |
| Rulemaking | Adopt rules under Indiana Administrative Code 876 IAC |
| Examination | Oversee exam requirements and administration |
Indiana Real Estate Law
Indiana real estate law is found in:
- Indiana Code (IC) Title 25, Article 34.1 - Indiana Real Estate License Law
- Indiana Administrative Code (IAC) Title 876 - Commission Rules
Key provisions include licensing requirements, prohibited conduct, trust fund handling, and disclosure requirements.
Exam Tip: The Commission can impose civil penalties, require education, suspend or revoke licenses, and take other disciplinary action. Criminal violations are referred to the Attorney General.
Commission Contact Information
Address: 402 W. Washington Street, Room W072, Indianapolis, IN 46204 Phone: (317) 234-3009 Website: pla.in.gov/real-estate
How many members serve on the Indiana Real Estate Commission?
Under which state agency does the Indiana Real Estate Commission operate?