The commission may grant an applicant a waiver from the continuing education requirement for the renewal period if the applicant meets one (1) of the following conditions:

1. (1) Was not able to fulfill the requirement due to a hardship that resulted from any of the following:

   1. (A) Service in the armed forces of the United States during a substantial part of the renewal period.
   2. (B) An incapacitating illness.
   3. (C) Other circumstances determined by the commission.

2. (2) Has certified on approved forms to the commission the following:

   1. (A) That the applicant has an active license but will not perform an act that requires a broker's license.

   2. (B) That the applicant is affiliated with a managing broker for the sole purpose of making referrals to a licensed broker.

      An individual granted a waiver under this subdivision may not perform an act that requires a broker's license until the individual has fulfilled the same continuing education requirements needed to reactivate an inactive license under IC 25-34.1-3-10 (c) and IC 25-34.1-3-10 (d) and applicable requirements under IC 25-34.1-3-10.5 .

As added by P.L.120-1992, SEC.3. Amended by P.L.42-2011, SEC.58; P.L.127-2012, SEC.41.