Sec. 5. (a) A resident of another state who meets the requirements of this chapter may be licensed.
(b) A nonresident broker shall file with the commission a written consent that any action arising out of the conduct of the licensee's business in Indiana may be commenced in any county of this state in which the cause of action accrues. The consent shall provide that service of process may be made upon the commission, as agent for the nonresident licensee, and that service in accordance with the Indiana Rules of Trial Procedure subjects the licensee to the jurisdiction of the courts in that county.
(c) The requirements of subsections (a) and (b) may be waived for individuals who reside in or are moving from other jurisdictions if the following requirements are met:
(1) The jurisdiction grants the same privilege to the licensees of this state.
(2) The individual is licensed in that jurisdiction.
(3) The licensing requirements of that jurisdiction are substantially similar to the requirements of this chapter.
(4) The applicant states that the applicant has studied, is familiar with, and will abide by the statutes and rules of this state.
However, subdivision (1) need not be met in order for the requirements of subsections (a) and (b) to be waived in the case of an individual moving to Indiana from another jurisdiction.
As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.255-1987, SEC.4; P.L.64-2004, SEC.19; P.L.127-2012, SEC.14; P.L.116-2015, SEC.3.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
25-34.1-3-1. Registration or License Requirements; Fees or Charges
25-34.1-3-2. Transactions Without License; Prohibition; Exemption
25-34.1-3-4.1. Requirements for Broker's License
25-34.1-3-4.5. Broker Compensation
25-34.1-3-5. Licensing of Nonresident; Consent to Service of Process; Waiver
25-34.1-3-6. Change of Name, Business Address, or Association of Licensee or Managing Broker
25-34.1-3-9.5. Fees; Real Estate Appraiser Licensure and Certification Program
25-34.1-3-10. Inactive License Requirements; Continuing Education; Reactivation Requirements
25-34.1-3-10.5. "Referral Status"
25-34.1-3-11. Acts Permitted by Unlicensed Out-of-State Commercial Broker; Written Consent