Stacey, a full-time salaried employee of Broker/Owner Karl who runs a firm with a 100 unit apartment complex. Stacey:

Stacey is not required to have a broker's license because, as a full-time salaried employee of Broker/Owner Karl, her activities likely fall under the scope of employment within the firm. In many jurisdictions, including Indiana, employees who are engaged in property management or other real estate transactions under the supervision of a licensed broker do not need to obtain their own broker's license as long as they are compensated as employees rather than as independent contractors.

This distinction emphasizes that the employee operates under the authority and license of the broker, meaning their actions are legally covered by the broker's professional standing. Therefore, as long as Stacey is working within the guidelines set by her employer Karl, she can perform necessary tasks related to managing the apartment complex without the burdensome requirement of obtaining a separate broker's license.