Which scenario requires a real estate license?

Receiving fees for client referrals clearly necessitates a real estate license. This is because engaging in the referral of clients within the real estate context typically falls under the definition of real estate brokerage activities, which Indiana law stipulates requires licensing. In essence, if an individual is compensated for directing potential clients to real estate services or professionals, they are effectively acting as a broker and thus must possess a valid real estate license to operate legally.

The other scenarios listed do not inherently require a license. Conducting open houses for a builder may fall under activities that employees of the builder can perform without needing an independent license. Helping a friend show property is more of a casual arrangement and does not involve the elements of a business transaction usually associated with licensing requirements. Similarly, discussing property value with a neighbor does not encompass brokerage activities; instead, it is simply sharing information without the expectation of payment or formal representation.