(a) To obtain approval of a broker course, a school shall:(1) provide the curriculum prescribed in section 5 of this chapter;(2) have no more than thirty-five (35) students per instructor per classroom;(3) provide adequate educational facilities and supportive personnel as is necessary to implement the purpose of this article;(4) schedule not more than the maximum number of hours of instruction established by the commission in any twenty-four (24) hour period;(5) administer at least two (2) written examinations during the broker course which are approved, and passing scores established, by the commission;(6) within thirty (30) days of the end of each course, submit to the commission the names and addresses of those students who successfully complete the course;(7) maintain records of students who successfully complete and pass the course of study for a minimum of five (5) years or, in the event the school should cease operation, the owner shall provide a custodian acceptable to the commission to keep those records and provide copies to students at the fee in effect when the school ceases operation; and(8) meet any other standards the commission may establish by cceptable to the commission to keep those records and provide copies to students at the fee in effect when the school ceases operation; and(8) meet any other standards the commission may establish by regulation.(b) Any instruction conducted in a broker office does not apply to the minimum hour requirements of section 5 of this chapter.As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.127-2012, SEC.28.
Indiana Legal Code