2020 Legislation Affecting Commercial Realtors
Public Law 32 (effective July 1, 2020)
Permits real-estate licensees to do business through a personal limited liability company (LLC), provided that the LLC is owned solely by the licensee or the licensee and his/her spouse.
Public Law 89 (effective July 1, 2020)
A person who is
- The spouse of an active-duty member of the armed forces assigned to Indiana;
- Affirms certain information concerning licensure in another state;
- Submits verification that the person is licensed in a regulated occupation (g., real estate) in at least one other state;
- Has passed a national criminal background check; and
- Submits an application and pays an application fee
May be issued a provisional license for the regulated occupation at the same practice level allowed by the license held by that person in another state.
Provisional licensing does not apply to a license that is established or reciprocal through an interstate compact, a reciprocity agreement, or a comity agreement established by a board or law.
The provisional license is to be issued within 30 days of application. The provisional license expires 365 days after it is issued.
A person who submits false information for a provisional license commits a Class A infraction and may be subject to penalties for perjury. If it is discovered that any information on the application is false, the board may revoke the license immediately.
Public Law 161 (effective March 30, 2020)
Payment for utility services (other than sewer services) provided by a municipally-owned utility to rental property does not allow a municipal legislative body to impose a requirement that the owner of the property must (1) ensure the creditworthiness of the person occupying the property or (2) accept responsibility for the charges incurred by the person occupying the property by cosigning an agreement or by any other method.