What is the consequence of practicing real estate without a valid license in Indiana?

Practicing real estate without a valid license in Indiana carries severe consequences, which include legal penalties such as fines and the potential for criminal charges. The state's laws are designed to protect the public and ensure professional standards in real estate transactions. Engaging in activities that require a real estate license without obtaining one undermines these protections and can result in hefty fines, as well as misdemeanor or felony charges depending on the severity and context of the offense. This enforcement of licensing is crucial in maintaining ethical practices and accountability within the industry. Therefore, option A accurately reflects the serious implications of unauthorized real estate practice in Indiana.