Indiana Administrative Code
Title 876 - INDIANA REAL ESTATE COMMISSION
Article 4 - REAL ESTATE CONTINUING EDUCATION (REPEALED)
Rule 1 - Sponsors of Courses; Approval
Section 1-7 - School directors
Universal Citation: 876 IN Admin Code 1-7
Current through March 20, 2024
Authority: IC 25-34.1-9-21
Affected: IC 25-34.1-5
Sec. 7.
(a) Each continuing education course sponsor, upon application for continuing education course sponsor approval, shall designate one (1) individual as its school director.
(b) A continuing education course sponsor is prohibited from hiring or retaining in its employ, a school director who:
(1) has had real
estate license revoked or suspended by any jurisdiction;
(2) has been convicted of a crime which has a
direct bearing on the individual's ability to competently be a school director,
including, but not necessarily limited to, violations of real estate laws and
abuse of fiduciary responsibilities; or
(3) unless authorized by law, refused to
appear or testify under oath at any hearing held by the commission.
(c) The designated school director must satisfy one (1) of the following qualification standards:
(1) Hold a bachelor's degree in education,
real estate, or business.
(2) Have
at least two (2) years experience within the past ten (10) years as an
instructor or school administrator.
(d) School directors employed under IC 25-34.1-5 before January 1, 1989, are exempt from the requirements of subsection (c).
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