HB1347: A BILL FOR AN ACT to amend the Indiana Code concerning property.

Page last updated: Friday, June 6, 2025 at 9:17 AM (America/Indianapolis).

General Information

• Stage: Enrolled House Bill (H)
• Current Chamber: house
• Origin Chamber: house
• Description: Real estate matters.

Legislators

Actions (23 total)

• Apr 30, 2025, 8:00 PM: Public Law 166
• Apr 30, 2025, 8:00 PM: Signed by the Governor
• Apr 22, 2025, 8:00 PM: Signed by the President of the Senate
• Apr 20, 2025, 8:00 PM: Signed by the President Pro Tempore
• Apr 16, 2025, 8:00 PM: Signed by the Speaker
• Apr 16, 2025, 6:52 AM: House concurred with Senate amendments; Roll Call 470: yeas 82, nays 0
• Apr 15, 2025, 10:19 AM: Motion to concur filed
• Mar 19, 2025, 9:03 AM: Returned to the House with amendments
• Mar 18, 2025, 10:36 AM: Third reading: passed; Roll Call 251: yeas 49, nays 0
• Mar 17, 2025, 10:34 AM: Second reading: ordered engrossed
• Mar 13, 2025, 6:41 AM: Senator Randolph added as cosponsor
• Mar 13, 2025, 6:11 AM: Committee report: amend do pass, adopted
• Feb 18, 2025, 6:42 AM: First reading: referred to Committee on Insurance and Financial Institutions
• Jan 29, 2025, 9:46 AM: Referred to the Senate
• Jan 28, 2025, 9:44 AM: Third reading: passed; Roll Call 33: yeas 91, nays 1
• Jan 28, 2025, 9:41 AM: Cosponsor: Senator Goode
• Jan 28, 2025, 9:41 AM: Senate sponsor: Senator Walker K
• Jan 27, 2025, 10:53 AM: Representative Andrade added as coauthor
• Jan 27, 2025, 9:03 AM: Second reading: ordered engrossed
• Jan 21, 2025, 8:56 AM: Committee report: amend do pass, adopted
• Jan 13, 2025, 11:35 AM: First reading: referred to Committee on Financial Institutions
• Jan 13, 2025, 11:35 AM: Authored by Representative Clere
• Jan 13, 2025, 11:35 AM: Coauthored by Representatives O'Brien and Dant Chesser

Digest

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.