Indiana Practice: Trust Funds and Conduct
Indiana practice standards focus on protecting client money and maintaining accurate records under managing-broker supervision. This chapter reviews escrow handling and professional conduct.
Escrow and Trust Accounts
Client funds such as earnest money must be deposited into a properly maintained escrow or trust account, which is the managing broker's responsibility. Commingling client money with personal or operating funds, or converting it to the licensee's use, is prohibited and disciplinable.
Records and Advertising
Licensees must keep accurate transaction and disclosure records. Advertising must be truthful and not misleading and generally must identify the brokerage. Brokers advertise under their managing broker's supervision and must comply with fair housing requirements.
Professional Conduct
Indiana licensees must deal honestly with all parties, disclose known adverse material facts, avoid misrepresentation, and follow the Commission's rules. Violations, including mishandling funds or failing to disclose agency, can result in fines, suspension, or revocation.