What must a real estate corporation in Indiana do to obtain a corporation license?

In Indiana, for a real estate corporation to obtain a corporation license, it must have at least one broker who is a shareholder. This requirement ensures that there is a qualified individual involved in the management and oversight of the corporation's real estate activities. Having a licensed broker as a shareholder demonstrates that the corporation is committed to adhering to the professional standards and regulations required in the real estate industry.

This regulation helps protect consumers by ensuring that there is a responsible party with the necessary expertise involved in the corporation's operations. Without this requirement, a corporation could operate without any oversight from a qualified individual, potentially leading to issues of compliance and ethical standards within real estate transactions.

Other requirements such as hiring a licensed attorney, maintaining a physical office location, or filing annual reports do play important roles in the functioning of a corporation but do not specifically pertain to the licensing process in the same way as having a broker shareholder does. Thus, the primary focus for obtaining a corporation license is centered on ensuring qualified representation within the corporation's structure.