Prerequisites to becoming a managing broker

Sec. 0.5. Except as provided in section 6 of this chapter, to become a managing broker, an individual must: (1) hold an active broker's license for at least three (3) years; (2) take and pass at least twenty-four (24) hours of broker management courses approved by the commission; and (3) pass a written examination prepared and administered by the commission or its duly appointed agent. As added by P.L.127-2012, SEC.19. Amended by P.L.116-2015, SEC.4; P.L.166-2025, SEC.2.