Which action is prohibited for a broker in Indiana?

In Indiana, a broker is prohibited from maintaining their own escrow account because escrow accounts are designated for holding client funds and must be maintained in compliance with specific regulations set forth by the Indiana Real Estate Commission. Brokers are required to use their managing broker's established escrow account for handling client funds. This ensures proper oversight and compliance with the fiduciary responsibilities to clients and helps prevent misuse of funds.

The regulation is designed to provide protection and transparency within real estate transactions. By centralizing escrow accounts under the managing broker, it minimizes the risk of mismanagement or mishandling of client funds, which can lead to significant legal issues and risks both for clients and brokers alike.

The other options presented, such as conducting business under the name of their managing broker, advertising through established channels, and networking with other licensed brokers, are generally permissible and even encouraged practices that contribute to a brokerage’s operational success and compliance with industry standards.