IN HB1255 | 2015 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Commerce, Small Business and Economic Development
Pending: House Commerce, Small Business and Economic Development Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Commerce, Small Business and Economic Development
Pending: House Commerce, Small Business and Economic Development Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Real estate brokers and broker companies. Defines "broker company" as a partnership, limited liability company, corporation, or individual acting as a sole proprietorship that is licensed as a broker and, for consideration, undertakes or offers to undertake certain activities with respect to real estate. Provides that an individual, to obtain a broker license, must associate with a broker company (instead of with a managing broker). Provides that a partnership, a limited liability company, or a corporation, to obtain a broker license, must include a licensed broker who qualifies as a managing broker. Defines "managing broker" as an individual who is
Title
Real estate brokers and broker companies. Defines "broker company" as a partnership, limited liability company, corporation, or individual acting as a sole proprietorship that is licensed as a broker and, for consideration, undertakes or offers to undertake certain activities with respect to real estate. Provides that an individual, to obtain a broker license, must associate with a broker company (instead of with a managing broker). Provides that a partnership, a limited liability company, or a corporation, to obtain a broker license, must include a licensed broker who qualifies as a managing broker. Defines "managing broker" as an individual who is
Sponsors
| Rep. Donald Lehe [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-13 | House | First Reading: referred to Committee on Commerce, Small Business and Economic Development |
| 2015-01-13 | House | Authored by Representative Lehe |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2015/bills/house/1255/details |
| Text | http://iga.in.gov/static-documents/1/7/8/2/17829d07/HB1255.01.INTR.pdf |
