House Bill

HB 1347

Real estate matters.

In plain English

Requires broker companies to deposit money belonging to others into a trust account they maintain. Adds disclosures of historic district location and conservation easements to residential sales disclosure forms. Requires managing brokers to hold an active broker's license for at least three years and pass a written exam, and makes other changes.

Written by AI from the official digest below, and checked only by automated rules. If they differ, the official digest and bill text control.

Official 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.

Latest action: Signed by the Governor, May 1, 2025Full text and history at iga.in.gov

Authors and sponsors

Ed Clere, Kyle Walker

Co-authors and co-sponsors: Tim O'Brien, Wendy Dant Chesser, Mike Andrade, Greg Goode, Lonnie Randolph

Roll-call votes

3 recorded votes, oldest first. Third-reading votes decide whether a bill passes a chamber; amendment votes and procedural motions are listed too.

House · Jan 28, 2025

Third reading: vote to pass

Roll call text: HB 1347 - Clere - 3rd Reading

Passed

91 yes1 no8 did not vote

Republicans: 66 yes, 0 no, 4 did not voteDemocrats: 23 yes, 1 no, 4 did not voteIndependents: 1 yes, 0 noNot matched to a current member: 1 yes, 0 no

How each member voted

Yes (91)

No (1)

Did not vote (8)

Senate · Mar 18, 2025

Third reading: vote to pass

Roll call text: HB 1347 - Walker K - 3rd Reading

Passed

49 yes0 no1 did not vote

Republicans: 38 yes, 0 no, 1 did not voteDemocrats: 10 yes, 0 noNot matched to a current member: 1 yes, 0 no

How each member voted

House · Apr 16, 2025

Final vote: concurrence or conference report

Roll call text: HB 1347 - Clere

Passed

82 yes0 no18 did not vote

Republicans: 58 yes, 0 no, 12 did not voteDemocrats: 22 yes, 0 no, 6 did not voteIndependents: 1 yes, 0 noNot matched to a current member: 1 yes, 0 no

How each member voted

Yes (82)

Did not vote (18)

Source: Open States, compiled from the Indiana General Assembly's official roll calls. The official record at iga.in.gov controls. Spot an error? Let us know.