A broker changes firms and contacts the clients whose properties are still listed with the old firm for the purpose of getting them to list with the new firm. The broker may be subject to which of the following actions?

When a broker changes firms and reaches out to clients listed with the previous firm with the intention of moving them to the new firm, this often constitutes unlawful solicitation or unethical conduct. Depending on the regulations and ethical standards governing real estate practices in Indiana, such behavior could indeed lead to severe repercussions.

Suspension of the broker's license and a significant financial penalty, such as a $5,000 fine, reflects the serious nature of breaching professional conduct guidelines. Engaging directly with former clients in this manner not only undermines the relationship established by the previous firm but also affects the integrity of the real estate profession as a whole. Licensing authorities take such actions seriously to uphold standards and protect both clients and legitimate brokerage practices.

The severity of the consequences relates directly to the potential impact on clients, industry trust, and fair competition among firms. Therefore, the implications of engaging in unethical solicitation provide a clear rationale for suspending the license and imposing a fine, as it serves as a deterrent against such actions in the future.