Indiana License Law
An Indiana managing broker who fails to supervise affiliated brokers and a client suffers harm as a result may face:
ANo liability because each affiliated broker is responsible for their own actions
BVicarious liability and disciplinary action for failing to maintain adequate supervision✓ Correct
COnly a warning from IPLA
DLiability only if the affiliated broker is also convicted of a crime
Explanation
A managing broker has a legal duty to supervise affiliated brokers. Failure to adequately supervise affiliated licensees can result in the managing broker facing vicarious liability for the affiliated broker's misconduct and IREC disciplinary action.
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