What occurs if a broker allows their license to expire?

When a broker allows their license to expire, they cannot legally conduct real estate business until the license is renewed. In Indiana, like in many other jurisdictions, maintaining an active real estate license is crucial for legally engaging in real estate transactions. An expired license means that the broker is not authorized to represent clients, negotiate deals, or receive commissions for their work in real estate.

The process of renewal typically requires the broker to complete continuing education and submit the necessary paperwork along with any applicable fees. While the broker may feel tempted to continue working informally, doing so would violate state laws governing real estate practices and could result in penalties or disciplinary action from the Indiana Real Estate Commission.

This underscores the importance for brokers to monitor their license status diligently and ensure that they renew their licenses on time to remain compliant with regulatory requirements and continue their professional activities legally.