What should a broker do if they want to start new business after their managing broker dies?

When a managing broker dies, it is crucial for the broker to ensure that they operate within the legal framework established by the Indiana Real Estate Commission. Associating with a new managing broker is the appropriate course of action. This step is necessary because a licensed broker must operate under a managing broker to remain compliant with licensing laws. The new managing broker will provide essential supervision and oversight required for the broker to conduct real estate business effectively.

Additionally, establishing a relationship with a new managing broker not only ensures compliance but also helps maintain continuity in operations and client service. It allows the broker to continue business activities without interruption, which is vital during a transitional period following the death of the previous managing broker.

While notifying the commission may be an important step, it does not directly enable the broker to begin business operations. Therefore, the best course of action is to first secure a new managing broker to facilitate the continuation of business activities.