What type of real estate transaction requires an Indiana real estate license?

The requirement for an Indiana real estate license applies to any transaction involving the sale or lease of real property for compensation. This means that if an individual is acting as a broker or agent in any capacity that involves helping others buy, sell, or lease property and is receiving payment for those services, a license is necessary. This broad requirement encompasses all types of real estate transactions, whether residential, commercial, or otherwise, ensuring that individuals engaged in these activities are knowledgeable about real estate laws and regulations, thus protecting both the clients and the integrity of the industry. The other options are too narrow, as they limit the license requirement to specific types of transactions, which is not in alignment with the comprehensive scope of the licensing law in Indiana.