---
type: "Bill"
title: "Business associations of real estate agents."
description: "Allows a broker company to pay compensation directly to a business entity owned by a licensed broker that has been formed for the purpose of receiving compensation earned by the broker."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2020"
identifier: "SB 358"
citation: "Indiana SB 358 (2020)"
classification: ["bill"]
subjects: ["REAL ESTATE APPRAISERS", "BROKERS", "AND SALESPERSONS"]
status: "enacted"
primary_sponsors: ["Chip Perfect", "Ethan Manning", "James Merritt"]
version_count: 4
action_count: 21
vote_count: 2
first_action: "2020-01-13"
last_action: "2020-03-14"
source: "openstates"
source_identifier: "ocd-bill/7c6ece33-be04-4e8c-a4f5-5100d90b09f9"
source_url: "http://iga.in.gov/legislative/2020/bills/senate/358"
source_hash: "70aebfeaaa71dcc13c0c64575f0691ba3b665a161c5e09771722e9c38264aaf8"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-in"]
---

# Indiana SB 358 (2020) — Business associations of real estate agents.

Allows a broker company to pay compensation directly to a business entity owned by a licensed broker that has been formed for the purpose of receiving compensation earned by the broker.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0358/versions/SB0358.04.ENRH)
2. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0358/versions/SB0358.01.INTR)
3. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0358/versions/SB0358.02.COMS)
4. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0358/versions/SB0358.03.COMH)

## Votes

- SB 358 - Merritt - 3rd Reading — **50–0** (pass) · upper
- SB 358 - Manning - 3rd Reading — **92–0** (pass) · lower

## Sponsors

- Chip Perfect — primary (person)
- Ethan Manning — primary (person)
- James Merritt — primary (person)
- Carey Hamilton — cosponsor (person)
- Edward Clere — cosponsor (person)
- Lonnie Randolph — coauthor (person)
- Woody Burton — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-13** Authored by Senator Merritt
- **2020-01-13** First reading: referred to Committee on Commerce and Technology `reading-1, referral-committee`
- **2020-01-23** Committee report: amend do pass, adopted `committee-passage`
- **2020-01-27** Second reading: ordered engrossed `reading-2`
- **2020-01-27** Senator Perfect added as second author
- **2020-01-28** Third reading: passed; Roll Call 88: yeas 50, nays 0 `reading-3, passage`
- **2020-01-28** House sponsor: Representative Manning
- **2020-01-28** Cosponsor: Representative Clere
- **2020-01-28** Senator Randolph added as coauthor
- **2020-01-29** Referred to the House
- **2020-02-10** First reading: referred to Committee on Financial Institutions `reading-1, referral-committee`
- **2020-02-20** Committee report: do pass, adopted `committee-passage`
- **2020-02-20** Representatives Burton and Hamilton added as cosponsors
- **2020-02-24** Second reading: ordered engrossed `reading-2`
- **2020-02-25** Third reading: passed; Roll Call 213: yeas 92, nays 0 `reading-3, passage`
- **2020-02-26** Returned to the Senate without amendments
- **2020-03-02** Signed by the President Pro Tempore
- **2020-03-03** Signed by the Speaker
- **2020-03-11** Signed by the President of the Senate
- **2020-03-14** Public Law 32
- **2020-03-14** Signed by the Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7c6ece33-be04-4e8c-a4f5-5100d90b09f9`. Confidence: reported (aggregated from official Indiana legislature records).