Broker Michael is a licensed Indiana broker who also holds a real estate license in Ohio, where the entry-level license is called a 'salesperson.' Michael is working on an Indiana transaction and tells his client that he is a 'salesperson' acting as a buyer's agent. He provides the Agency Disclosure Form listing his role as 'salesperson.' Which of the following is true under Indiana law?

Correct Answer

B) Michael's disclosure is defective because Indiana does not have a salesperson license category; his correct title is 'broker'

Indiana eliminated the salesperson license category and uses a two-tier system: Broker (entry-level) and Managing Broker (supervising level). Under IC 25-34.1, there is no 'salesperson' license in Indiana. Michael's Agency Disclosure Form is defective because he has identified himself with a license category that does not exist in Indiana. He must correctly identify himself as a 'broker' on all Indiana disclosures and documents. Using an incorrect license title on the mandatory disclosure form is a compliance violation.