What is one requirement for a partnership receiving a real estate license in Indiana?

For a partnership to receive a real estate license in Indiana, one of the essential requirements is that at least one partner must be licensed. This provision ensures that there is a qualified individual within the partnership who can oversee the real estate activities and ensure compliance with state regulations. Having a licensed partner also helps in maintaining the professional standards required in real estate transactions, providing assurance to clients and regulatory bodies alike.

The requirement is designed to prevent unqualified individuals from operating in the real estate industry and to promote ethical practices. By ensuring at least one partner holds a license, the partnership can effectively manage real estate transactions while adhering to the laws governing the practice in Indiana.