Indiana License Law
A broker's license in Indiana is automatically placed on 'inactive' status when:
AThe broker takes a vacation of more than 30 days
BThe broker's affiliation with a managing broker is terminated without a new affiliation✓ Correct
CThe broker fails to close a transaction in 12 months
DThe broker files a personal bankruptcy petition
Explanation
When a broker's employment or affiliation with a managing broker ends and no new affiliation is established, the license becomes inactive until a new managing broker affiliation is recorded.
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