Section 876IAC8-1-1. Supervision of broker company

   (a) Every broker company shall be directed, supervised, and managed by an individual broker. For a sole proprietorship, the sole proprietor shall be the individual broker. For partnerships, limited liability companies, and corporations, the individual broker shall be the licensed individual broker designated to the commission under IC 25-34.1-4-2. The broker company shall constitute the individual broker's principal and sole place of real estate business. This subsection shall not prohibit the individual broker from being the individual broker for more than one (1) broker company located at the same address.

  (b) A sole proprietor individual broker, and, as provided for in IC 25-34.1-4-2, the designated individual broker described in subsection (a) shall be primarily responsible to the commission for the broker company's actions.

  (c) The individual broker described in subsection (a) may also be a branch manager under section 2 of this rule. (Indiana Real Estate Commission; 876 IAC 8-1-1; filed May 22, 2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff Jul 1, 2014)