Trouble viewing the email?  Click here to see the online version
Santa Header
IAR Logo
 

Stay on the Real Estate
"Nice List" By
Completing Your Checklist

BEFORE JUNE 30TH, 2014!

 
 
 

Checklist:

Checkbox Complete 24-hour Broker Transition Course to upgrade license to Broker Status (fulfills continuing education requirement)

Checkbox Apply for Broker License

Checkbox Report new license number to Principal Broker and local REALTOR® association

 

Salespersons:

Salespersons who do not complete the checklist before June 30 will be unable to participate in a transaction come July 1 and will need to complete a 90 hour pre-licensing Broker course for reinstatement.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

Checklist:

CheckboxCheck License Expiration
     Checkbox If 2014 – Renew
     Checkbox If 2017 – No Action Required

CheckboxReport new license number to Principal Broker and local REALTOR® association

 

Transition Brokers:

Transition Brokers are those former Salespersons who have upgraded their license to Broker status during this license law transition period, or since July 1, 2012.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

Checklist:

Checkbox Complete 24 Hours of Continuing Education –
     Checkbox 16 Hours of Old Curriculum
     Checkbox 8 Hours of New Curriculum
Checkbox Renew Broker License

 

Legacy Brokers:

Legacy Brokers are those who were licensed as a Broker before this license law transition period began, or on June 30, 2012.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

Checklist:

Checkbox Complete 24 Hours of Continuing Education –
     Checkbox 16 Hours of Old Curriculum
     Checkbox 8 Hours of New Curriculum
Checkbox Renew Broker License

 

Principal Brokers:

Effective July 1, 2014, the term Principal Broker is eliminated. So long as current Principal Brokers complete the checklist before June 30, they will be licensed as a Managing Broker come July 1.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

Checklist:

Checkbox Complete 24 Hours of Continuing Education –
     Checkbox 16 Hours of Old Curriculum
     Checkbox 8 Hours of New Curriculum
Checkbox Renew Broker License

 

Branch Managing Brokers:

Current Branch Managing Brokers do not need to complete a Managing Broker course. So long as they complete the checklist before June 30, they will be licensed as a Broker and known as a Branch Manager come July 1.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

Checklist:

Checkbox Renew License

 

Salesperson Licensees in Referral:

So long as current Salesperson licensees in referral status renew their license before June 30, they will hold a Broker license in referral status come July 1. There is no continuing education requirement for those with a license in referral status, but they must renew their license every three years.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

Checklist:

Checkbox Renew License

 

Broker Licensees in Referral:

So long as current Broker licensees in referral status renew their license before June 30, they will hold a Broker license in referral status come July 1. There is no continuing education requirement for those with a license in referral status, but they must renew their license every three years.


Renew Your License!

Login ID: Full License # Password: SSN (last 4 digits)

SUMMARY OF MAJOR LICENSE LAW CHANGES
EFFECTIVE JULY 1, 2014

 

  • Salesperson license is eliminated – those entering the profession will do so as a Broker
  • Increased amount of education necessary to enter the profession – 90 hours
  • Principal Broker term is replaced with Managing Broker
  • All licensees are put on the same three year license renewal cycle with the same 36 hour continuing education requirement – 12 specific hours per year

 


 
YouTube IREC

WATCH...

IREC Director Jeanette Langford gives a license law transition update and reminds IAR and RECP audiences that license action is required by all before June 30, 2014.


 

Questions?

Kathy Harbaugh, IAR's Senior VP of Professional Development
317-913-3236 | kharbaugh@indianarealtors.com

IAR Legal Hotline*:

800-444-5472 | Contact Online
*available to Principal and Managing Broker members or their designated agents

RECP:

800-742-4067 | info@recp.org | RECP.org


 
Powered By Blackbaud

To Forward This Message Click Here

To Unsubscribe Click Here