IC 25-34.1-3-4.5: Broker compensation

Sec. 4.5. (a) A broker company may pay compensation directly to a business entity that is owned by a broker and associated with the broker company and that has been formed for the purpose of receiving compensation earned by the broker.

(b) A business entity that receives compensation from a broker company as provided for in this section:

(1) is not required to be licensed as a broker company; and

(2) must be owned:

(A) solely by the broker; or

(B) by the broker and the broker's spouse, if the spouse is not licensed.