LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7740 NOTE PREPARED: Jan 13, 2025
BILL NUMBER: HB 1568 BILL AMENDED:
SUBJECT: Attorney Eligibility for Real Estate Broker Exam.
FIRST AUTHOR: Rep. Hatcher BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: The bill allows a licensed attorney to obtain a real estate broker license without
completing an approved broker course of study.
Effective Date: Upon passage; July 1, 2025.
Explanation of State Expenditures: The Real Estate Commission would have increased workload to
develop amending language to the Indiana Administrative Code (IAC) allowing Indiana licensed attorneys
to sit for a real estate broker exam. Rule amending would have to be completed prior to June 30, 2026. An
additional in-person Commission meeting at full attendance would equal approximately $1,940. Meeting
costs include mileage, per diem, and parking expenses. The estimate assumes none of the members would
stay overnight in Indianapolis prior to or after the meeting. The Commission met eight times during CY 2023.
The Professional Licensing Agency (PLA) as the administrative agency supporting the Commission would
likely see an increase in workload to assist the Commission, including staffing any extra meetings, preparing
agendas for extra meetings, and possibly providing assistance in the crafting of language for the IAC.
Additionally, the workloads of the Governor, Attorney General, and Legislative Services Agency would
increase during the approval process of the amended rule(s). These requirements are within the routine
administrative functions of these agencies and should be able to be implemented with no additional
appropriations, assuming near customary agency staffing and resource levels.
Explanation of State Revenues: There may be a slight increase in real estate broker licenses awarded in
future years as a result of the bill.
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: Professional Licensing Agency; Real Estate Commission.
HB 1568 1 Local Agencies Affected:
Information Sources: PLA License Cost Estimator;
https://www.in.gov/pla/professions/real-estate-home/real-estate-board/#Archived_Board_Minutes
Fiscal Analyst: Chris Baker, 317-232-9851.
HB 1568 2