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.
As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.128-1994, SEC.5; P.L.64-2004, SEC.21; P.L.127-2012, SEC.22; P.L.116-2015, SEC.7.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
25-34.1-4-0.5. Prerequisites to Becoming a Managing Broker
25-34.1-4-0.6. Real Estate Schools
25-34.1-4-1. Responsibilities of Broker Company
25-34.1-4-2. Partnership, Corporation, or Limited Liability Company as Broker Company
25-34.1-4-3.1. Individuals Who Became Managing Brokers on July 1, 2014