Indiana is joining about a dozen other states in requiring that anyone who wants to help consumers buy and sell homes be licensed as a “broker.”

Under changes taking effect July 1, Indiana agents currently licensed as a “salesperson” will have to take a 24-hour transition course to become a “broker.” Those just getting into the business must take 90 hours of classes instead of 54 hours, pass an exam and work under the supervision of a broker for two years, among other things.

After the changes go into effect, the people that you used to think of as “brokers” will be “managing brokers.”

All but 5,000 of the state’s 30,000 to 40,000 licensees have made the transition, the Chicago Tribune’s Mary Umberger reports. Source: chicagotribune.com.

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