HB 1347 Indiana House · 2025 Regular Session

Real estate matters.

Summary
Requires a broker company to deposit funds belonging to others into a trust account that the broker company maintains. Requires that residential real estate sales disclosure forms include disclosures by an owner that a property is located within a locally designated historic district. Requires that residential real estate sales disclosure forms include disclosures by an owner of any conservation easement. Requires the Indiana professional licensing agency in consultation with the Indiana real estate commission to perform annual and random audits for compliance of more than one percent (1%) but less than ten percent (10%) of the practitioners who hold a broker's license required to take continuing education courses. Provides that to become a managing broker, an individual, among other things, must: (1) hold an active broker's license for at least three years; and (2) pass a written examination. Amends provisions relating to real estate agreements. Makes a technical correction.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Apr 2025
Senate Passage
Apr 2025
Signed into Law
May 2025
Introduced Jan 13, 2025 Signed May 1, 2025
Maddy AI version diff · 3 comparisons

What changed between versions

House Bill (S) House Bill (H) · 5 edits
MODERATE
This bill was updated from its House version to its Engrossed version after passing through the Senate. The changes include adding a new Senate sponsor, updating the bill status to reflect Senate passage, and incorporating new provisions for continuing education audits and managing broker requirements.
Scope change
The bill's scope expanded to include new audit requirements for real estate practitioners and updated managing broker qualification criteria.
ELIGIBILITY

Added new Senate sponsors (Andrade, Walker K, Goode, Randolph Lonnie M) to reflect the bill's progression through the legislative process.

REQUIREMENT

Changed managing broker requirements from needing 2 years of experience to 3 years of active broker license experience.

Added requirement for managing brokers to pass a written examination in addition to existing course requirements.

ENFORCEMENT

Added new audit requirements for the Indiana professional licensing agency to conduct annual and random audits of 1-10% of practitioners holding broker licenses who must take continuing education courses.

TIMELINE

Updated bill dates from January 21, 2025 to March 14, 2025 to reflect Senate action and engrossment.

Floor votes · Senate Mar 18, 2025 · House Jan 28, 2025

How they voted

490
Passed · 1 other
Total votes 50
Mar 18, 2025
D Democratic10
10 Yea
100% Yea
R Republican40
39 Yea 1
97% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
23
Key actions
9
Committee
2
May 1, 2025
Signed into law
Signed by the Governor
executive
Apr 23, 2025
Upper · Passed
Signed by the President of the Senate
upper
Apr 21, 2025
Upper · Passed
Signed by the President Pro Tempore
upper
Apr 17, 2025
Lower · Passed
Signed by the Speaker
lower
Apr 16, 2025
Lower · Passed
House concurred with Senate amendments; Roll Call 470: yeas 82, nays 0
lower
Mar 18, 2025
Upper · Passed
Third reading: passed; Roll Call 251: yeas 49, nays 0
upper
Mar 13, 2025
Upper · Passed
Committee report: amend do pass, adopted
upper
Jan 28, 2025
Lower · Passed
Third reading: passed; Roll Call 33: yeas 91, nays 1
lower
Jan 21, 2025
Lower · Passed
Committee report: amend do pass, adopted
lower
2 primary · 5 co-sponsors

Sponsors