Which of the following is a requirement for obtaining a real estate license in Indiana?
You must have obtained a high school diploma or equivalency certificate (GED) Successfully complete 90 hours of approved real estate education. Complete a background check. Successfully pass the Indiana Broker Real Estate Exam.
Which of the following does not fall under the exceptions to requiring a real estate license in Indiana?
Which of the following does not fall under the exceptions to requiring a real estate license in Indiana? Real Estate Commission. Why can a licensed auctioneer sell property at a public auction without a real estate license?
Does a person who agrees to a commission for the sale of real estate require an Indiana real estate license?
No, because in Indiana, a real estate broker must have a permanent office in which his or her license is displayed.
Which of the following would be true regarding Indiana limited agency and psychologically affected properties?
Which of the following would be true regarding Indiana limited agents and psychologically affected properties? Limited agents must disclose their knowledge of psychological affectations to all parties. Due to their limited agency position, limited agents cannot discuss psychological affectations.
What is required to be a property manager in Indiana?
Hold a high school diploma or its equivalent. Complete 90 hours of classroom study and pass the course final exam. Pass the state licensing exam. Serve as an active and licensed real estate salesperson for at least one year.
How do you become a real estate broker in Indiana?
NavigationHow to become a Real Estate Broker in Indiana
- Step 1: Complete and pass the 90-hour Broker Pre-Licensing course. …
- Step 2: Pass the Indiana Licensing Exam. …
- Step 3: Affiliate with a Managing Broker.
- Step 4: Apply for a Broker license.
Which of the following license actions would violate the Indiana professional standards of practice?
The bill eliminated the license for real estate salespersons. It established requirements for individuals holding a salesperson’s license to obtain a broker’s license. It prohibits anyone holding a salesperson’s license from performing certain acts without obtaining a broker’s license.
What’s not true about the Indiana real estate Commission?
What’s NOT true about the Indiana Real Estate Commission? It exists to protect the rights and interests of licensed real estate professionals. It has the authority to file suit against a licensee in circuit or superior court.
Which of the following actions can the Commission not take?
Which of the following actions can the Commission NOT take? Regulate real estate training schools. … The person must hold a real estate license. The person must be over 25 years of age.
What is one purpose of the Indiana real estate Recovery Fund quizlet?
What is one purpose of the Indiana Real Estate Recovery Fund? To cover claims against real estate practitioners for embezzlement of money that results in a cash loss to someone.
Which of the following activities may be performed by an unlicensed assistant?
According to the policy, unlicensed assistants may perform the following activities: Answer the phone and forward calls to licensee. Transmit listings and changes to a multiple listing service. Follow up on loan commitments after a contract has been negotiated.
Which of the following tasks would require a real estate license in California?
Which of the following tasks would require a real estate license? Administrative tasks are fine, but anything that involves activities normally performed by a licensee (such as meeting with the public to show real estate) would require a license. Which activity can you perform without a license in California?
What is one purpose of the Indiana real estate Recovery Fund?
Managed by the Indiana Real Estate Commission, the Indiana Real Estate Recovery Fund was established to protect consumers and clients from cash losses due to unlawful practices by real estate licensees.
Which of the following must be included in a real estate listing agreement?
These include a description of the property (which should contain lists of all personal property remaining in the property at the time of sale, as well as all devices and devices that are not included), a list price, broker bonds, seller`s bonds, broker compensation, intermediation terms, a termination date for the …
How many members are on the Indiana real estate Commission?
There are 12 Members on the Indiana Real Estate Commission (IREC), all are appointed by the Governor to 4-year terms. (They are considered Political Appointees) The Governor may appoint and/or reappoint as needed. Commission members must be residents of the State and may not hold any elected State or Federal office.