Indiana Code 25-34.1-4-1. Responsibilities of broker company
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 25-34.1-4-1
- Broker: means a person who:
Indiana Code 25-34.1-1-2
- Broker company: means a licensee that is a business engaged in the activities described in Indiana Code 25-34.1-1-2
- Commission: means the Indiana real estate commission. See Indiana Code 25-34.1-1-2
- Managing broker: refers to an individual broker whom the commission holds responsible for the actions of licensees who are affiliated with the broker company. See Indiana Code 25-34.1-1-2
Sec. 1. A broker company and its managing broker are responsible under this article for the actions of any broker who is associated with the broker company. Any broker company that maintains two (2) or more separate offices for associated licensees shall notify the commission of the name and address of the broker who manages each office.
As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.127-2012, SEC.20; P.L.116-2015, SEC.5.