Residency Requirements of Managing Brokers; Certain Nonresidents May Be Managing Brokers

  1. Law
  2. Indiana Code
  3. Professions and Occupations
  4. Real Estate Brokers and Salespersons
  5. Principal Brokers
  6. Residency Requirements of Managing Brokers; Certain Nonresidents May Be Managing Brokers

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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.


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