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TITLE 876 INDIANA REAL ESTATE COMMISSION

Economic Impact Statement
LSA Document #11-325


IC 4-22-2.1-5 Statement Concerning Rules Affecting Small Businesses
The Indiana Real Estate Commission (Commission) has determined that this proposed rule will not impose requirements or costs on small businesses.

Estimated Number of Small Businesses Subject to this Rule:
The Commission estimates that the total of number of active licensees currently subject to this rule is 24,000.

Estimated Average Annual Administrative Costs That Small Businesses Will Incur:
This rule change will not require any additional administrative costs for small businesses.

Estimated Total Annual Economic Impact on Small Businesses:
This rule change will not have an economic impact on any small business.

Supporting Data, Studies, and Analyses:
No outside supporting data, studies, or analyses were used.

Regulatory Flexibility Analysis of Alternative Methods:
The Commission determined that this rule change is the most effective and efficient way to uniformly cite fees in the rule.

Explanation of Preliminary Determination:
The Commission determined that in order to comply with the requirement of statute to establish fees in rule and to uniformly cite them in their rule, a rule change was necessary.

Posted: 08/03/2011 by Legislative Services Agency

DIN: 20110803-IR-876110325EIA
Composed: Apr 26,2024 3:25:40PM EDT
A PDF version of this document.