Quick Answer
Every Indiana brokerage operates under a managing broker, who oversees agent conduct, contracts, and trust accounts. At Your Realty Link, Janet Giles-Schultz serves as Principal Broker, providing that oversight for our team of agents.
- Required by
- Indiana Real Estate Commission licensing law
- Oversees
- Agent conduct, contracts, and trust accounts
- Every office has
- At least one managing broker
- At Your Realty Link
- Janet Giles-Schultz, Principal Broker
What a Managing Broker Oversees
The managing broker reviews contracts and disclosures, maintains the brokerage's trust or escrow accounts, and makes sure every licensed agent in the office is operating within Indiana real estate law and MIBOR MLS rules.
They also handle training, mentorship, and, when needed, resolving disputes between agents and clients before they become bigger problems.
Why the Managing Broker Matters to You
If you ever have a concern about how your transaction is being handled that your individual agent can't resolve, the managing broker is the person with the authority and legal responsibility to step in.
It's also worth asking who the managing broker is when you're comparing brokerages. Experienced oversight tends to mean fewer surprises during your transaction.
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Frequently Asked Questions — Managing broker
Is a managing broker the same as a broker-owner?
Not always. A managing broker holds the supervisory license required by law, and in many brokerages that person also owns the company, but not in every case.
Can I contact the managing broker directly?
Yes. Most brokerages, including ours, welcome direct contact if you have a concern your agent hasn't been able to resolve.
Does every real estate office have a managing broker?
Yes, Indiana law requires every licensed brokerage to have a designated managing broker responsible for supervision.
Who is the managing broker at Your Realty Link?
Janet Giles-Schultz serves as Principal Broker, overseeing our agents and transactions across Central Indiana.