What is considered unlicensed activity in real estate?

Facilitating transactions without a license is regarded as unlicensed activity in real estate because, in Indiana, all individuals who engage in activities that involve negotiating, facilitating, or aiding in real estate transactions must hold a valid real estate license. This requirement ensures that individuals are knowledgeable about legal standards, buyer and seller rights, and ethical practices necessary for handling complex transactions. Without a license, a person lacks the legal authority to represent parties in real estate matters, which can lead to violations of state real estate laws.

In contrast, while the other activities listed—acting as a property manager, providing real estate advice, and holding open houses—may involve licensed activities, they can sometimes be permissible if conducted under the supervision of a licensed professional or within specific legal frameworks. However, any facilitation of transactions, such as negotiating terms or closing deals without a license, directly contravenes the requirements set forth by the Indiana Real Estate Commission, thereby constituting unlicensed activity.