What is the penalty for practicing real estate without a valid license in Indiana?

The correct answer highlights the serious consequences for practicing real estate without a valid license in Indiana. Engaging in real estate activities without proper licensure can lead to substantial fines and possibly criminal charges. This reflects the state's commitment to regulating the real estate profession to protect consumers and maintain industry standards.

Practicing without a license undermines the regulatory framework designed to ensure that only qualified individuals handle real estate transactions, which can involve significant financial stakes and legal complexities. Therefore, the enforcement of fines serves both as a deterrent and a means of upholding the integrity of the real estate market within the state.

Other options do not accurately reflect the legal repercussions; for instance, simply receiving a warning or experiencing suspension does not encompass the real severity of the penalties imposed for unlawful practice. Thus, the correct answer emphasizes the gravity of this violation within the Indiana real estate context.