Property Management requirements in Indiana
Must Indiana property management companies have a real estate broker's license?
YES. Key components of property management (renting, leasing and managing) are considered real estate activities under existing Illinois real estate licensing laws. If a property manager is going to lease, rent, manage, list, or negotiate or offer to perform any of those acts, he or she will need a real estate license.
Are there any exceptions to the requirement that an Indiana property manager have a broker's license?
Yes. For example, an individual involved in the renting of residential apartment units need not be licensed if he or she is employed or supervised by a licensed broker. Also, the license requirement does not apply to the rental of residential apartment units by a person employed or supervised by a licensed broker.
Before hiring a property manager to manage your Indiana rental property, you should always check that he or she is licensed appropriately. You can check the license status of Indiana property managers at the Indiana Online Licensing website.
Must Indiana community association managers have a real estate broker's license?
NO. A broker's license is not required to manage community associations or condo associations in Indiana.
Indiana Real Estate Broker Licensing Requirements
Indiana real estate broker licensing requirements include:
Indiana Real Estate Salesperson Licensing Requirements
Indiana real estate salesperson licensing requirements include:
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.