Who is primarily responsible for compliance with Indiana Real Estate License Law?

The primary responsibility for compliance with Indiana Real Estate License Law rests with the broker and all affiliated licensees. This means that the broker acts as a supervising authority, leading the team of real estate professionals, and ensuring that all operations under their license adhere to legal standards.

Brokers are required to maintain a thorough understanding of state laws and regulations related to real estate transactions. They play a crucial role in training and guiding affiliated agents to ensure compliance in their dealings. All affiliated licensees share in this responsibility, as they must also be knowledgeable and act according to the law in their individual practices.

The real estate commission's role is more of a regulatory and oversight nature rather than one of direct compliance. They establish the rules and standards and enforce them through monitoring and disciplinary actions. Clients in a transaction typically have their own interests and obligations, but they are not responsible for ensuring that licensed professionals adhere to the law. Similarly, while agents must comply with the law in their actions, their responsibility is under the oversight and authority of their broker, making it clear that compliance is a shared duty stemming from the broker's ultimate accountability.