Residency requirements of managing brokers; certain nonresidents may be managing brokers
Known as the Real Estate Broker Licensing Act
The act spans §§ 25-34.1-10-0.5 to 25-34.1-9-9 (164 sections).
As added by Acts 1979, P.L.248, SEC.1
Sec. 3. (a) Except as provided in subsection (b), each individual who is a managing broker shall be a resident of Indiana.
(b) A nonresident may be a managing broker if none of the licensees associated with the managing broker's broker company are residents of Indiana.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.