What must an out-of-state broker do to conduct business in Indiana?

To conduct business in Indiana, an out-of-state broker must both obtain an Indiana real estate license and work with a licensed Indiana broker. The requirement to have a license ensures that the out-of-state broker meets the state’s educational and ethical standards for real estate practices. This regulation protects consumers by ensuring that all real estate transactions adhere to Indiana laws and standards.

Additionally, by partnering with a licensed Indiana broker, the out-of-state broker gains access to local market knowledge, compliance with state-specific regulations, and guidance through the local processes involved in buying and selling property. This collaboration is crucial as it helps to ensure that all activities conducted comply with Indiana's real estate laws, which may differ from those of the broker’s home state.

Together, these requirements ensure that out-of-state brokers operate within Indiana's regulatory framework, protecting both the brokers and the consumers they serve.