Indiana HB1055 requires property managers for homeowners associations to obtain a broker license.

Indiana HB1055 mandates that individuals managing property on behalf of homeowners associations must obtain a broker license. This includes those who manage property for compensation as of June 30, 2026. The bill outlines specific licensing requirements for individuals, corporations, partnerships, and limited liability companies. It also provides a temporary exemption from the two-year prerequisite for managing brokers until June 30, 2028, under certain conditions. The provisions are set to take effect on July 1, 2026.

Indiana HB1055 requires property managers for homeowners associations to obtain a broker license.

Indiana HB1055 mandates that individuals managing property on behalf of homeowners associations must obtain a broker license. This includes those who manage property for compensation as of June 30, 2026. The bill outlines specific licensing requirements for individuals, corporations, partnerships, and limited liability companies. It also provides a temporary exemption from the two-year prerequisite for managing brokers until June 30, 2028, under certain conditions. The provisions are set to take effect on July 1, 2026.