50-State Real Estate Broker Licensing Compliance Guide
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Indiana Real Estate License

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Licensing requirements for Indiana brokerage firms.

A business entity offering real estate brokerage services to the public typically must register with the real estate commission before conducting business activity. For assistance with licensing, please contact us to learn about our software and managed license services.

Company Licenses

Indiana Real Estate Company Licenses

Indiana Real Estate Company License

Agency:Indiana Professional Licensing Agency - Real Estate Commission
Law:

INDIANA CODE  – Indiana Real Estate Commission 

Eligible Entity Types:
  • Corporations 
  • General Partnerships 
  • Limited Liablity Companies 
  • Limited Liability Partnerships 
Foreign Qualification is Prerequisite:Yes
Ownership Requirements:
  • The corporate name of every professional corporation must:
    • include the words "Professional Services Corporation" or "Professional Corporation" or an abbreviation of these words
    • may not contain any word or phrase that indicates or implies any purpose or power not possessed by the corporation
    • may not contain any word or phrase that indicates it is organized for any purpose other than listed in the articles of incorporation 
  • The Secretary of State may issue a certificate of incorporation only if a certificate of registration has been obtained and must be renewed biennially before January 31. 
  • There must be a managing broker
  • To obtain a broker license, a partnership must:
    • have as partners only individuals who are licensed, brokers;  
    • have at least one (1) partner who qualifies as a managing broker under IC 25-34.1-4-0.5 and IC 25-34.1-4-3;
    • cause each employee of the partnership who acts as a broker to be licensed; and
    • submit the license fee established by the commission under IC 25-1-8-2 and an application setting forth the name and residence address of each partner and the information prescribed in subsection (a)(4).
  •  To obtain a broker license, a corporation must:
    • have a licensed broker who qualifies as a managing broker under IC 25-34.1-4-0.5 and IC 25-34.1-4-3;
    • cause each employee of the corporation who acts as a broker to be licensed; and
    •  submit the license fee established by the commission under IC 25-1-8-2, an application setting forth the name and residence address of each officer and the information prescribed in subsection (a)(4), a copy of the certificate of incorporation, and a certificate of good standing of the corporation issued by the secretary of state.
  •  To obtain a broker license, a limited liability company must:
    • if a member-managed limited liability company: have as members-only individuals who are licensed brokers; and have at least one (1) member who qualifies as a managing broker under IC 25-34.1-4-0.5 and IC 25-34.1-4-3;
    • if a manager-managed limited liability company, have a licensed broker who qualifies as a managing broker under IC 25-34.1-4-0.5 and IC 25-34.1-4-3;
    • cause each employee of the limited liability company who acts as a broker to be licensed; and
    • submit the license fee established by the commission under IC 25-1-8-2 and an application setting forth the information prescribed in subsection (a)(4), together with:
      • if a member-managed company, the name and residence address of each member; or if a manager-managed company, the name and residence address of each manager, or of each officer if the company has officers.
Financial Requirements:
  • A broker company shall provide a detailed summary of the broker company's escrow/trust account upon request by an authorized representative of the commission or by the office of the attorney general for investigative purposes.
  • A broker company that engages in activities constituting acts as prescribed in IC 25-34.1 involving monies being collected in the performance of such activities shall establish an escrow/trust account with a federally insured financial institution as required by IC 25-34.1 
Qualifying Individual Requirements:
  • Managing brokers are licensed as brokers in the state of Indianna. 
  • Every broker company shall be directed, supervised, and managed by a managing broker as provided for in IC 25-34.1
  • The broker company shall constitute the managing broker's principal and the sole place of real estate business. 
  • Any branch office that a broker company maintains shall be managed by a branch manager. The broker company shall submit to the commission a Branch Office Registration Form prior to opening any branch office.
  • A broker may not be associated with more than one Indiana broker company at the same time.

Initial Registration

Form:

Broker Company Application or Professional Corporation Application

Filing Method:

Mail 

Agency Fee:

$50 for broker company or $25 for professional corporation.

Due:

Triennially by June 30 for broker companies and by January 31 of even-numbered years for professional corporations.

Registration Renewal

Filing Method:

 Online 

Agency Fee:

$50 for broker company or $20 for professional corporation.

Due:

Broker companies are due every 3 years, professional corporations are due on January 31 biennially on even numbered years. 

Individual Licenses

Indiana Individual Real Estate Licenses

Indiana Real Estate Broker License

Agency:Indiana Professional Licensing Agency - Real Estate Commission

Initial Registration

Form:

Application for Licensure as a Real Estate Broker

Filing Method:

Mail or online.

Agency Fee:

$60

Registration Renewal

Form:

Real Estate Broker Renewal

Filing Method:

Mail or online.

Agency Fee:

$60

Due:

Triennially

Learn about real estate licensing in other states:

Associate Broker - Associate brokers are qualified to work independently as a broker, but choose to work under the authority of a designated broker.

On-Site Manager - A broker or salesperson who oversees the operations of a branch office under the authority of the designated broker.

Qualifying Broker/Designated Broker - An experienced and licensed real estate broker responsible for management and operation of a real estate firm.

Real Estate - Land, buildings, and their permanent improvements and fixtures. Also called "real property" in contrast to personal property.

Real Estate Agent - This term refers generally to any licensed real estate professional.

Reciprocity - Reciprocity makes it easier for out-of-state real estate firms to gain approval to operate in a foreign state by streamlining some licensing requirements.

Association of Real Estate License Law Officials (ARELLO)
Offers a license verification database accross 43 jurisdictions.

NAIOP Commercial Real Estate Development Association Agencies
Aid education, research, and advocacy efforts in the real estate industry.

National Association of Realtors
Real estate trade organization that provides information and resources for development of the real estate industry.

Urban Land Institute
Research and education association concerned with responsible land use and creating sustainable communities.

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