What types of real estate licenses are available in Indiana?

In Indiana, the licensing structure for real estate professionals includes three distinct types of licenses: broker, associate broker, and managing broker.

The broker license is the foundational license that allows individuals to engage in real estate transactions and practice as agents. An associate broker is a broker who has chosen to operate under the supervision of a managing broker and does not operate independently. The managing broker license permits individuals to own and operate their own brokerage business and supervise other brokers and agents working under them.

The presence of these three license types ensures a clear hierarchy and delineation of responsibilities within the real estate profession, allowing for proper oversight and professional conduct in real estate transactions. This structure supports consumer protection and promotes high standards in the real estate industry.

Other options do not encompass the complete range of licenses available in Indiana, leading to the conclusion that the inclusion of all three types—broker, associate broker, and managing broker—accurately represents the licensing framework in the state.