1|Page
Indiana Auctioneer Licensure Exam ||Verified Exam!||
Most Recent Exam Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ || Newest Exam!!!
Which of these methods of valuation falls under Indiana's
definition of an appraisal?
A. Broker price opinion
B. Comparative market analysis
C. Estimated valuation
D. Valuation data review - Answer-A. Broker price opinion
Ian is an unlicensed individual helping his sister, Angela,
find a new house. She's agreed to pay him $1,000. Which
of the following activities can he legally perform?
A. Advertise the property for sale.
B. Negotiate with sellers on Angela's behalf.
C. Purchase a property for Angela at an auction.
D. Search real estate sites and other resources to find
available homes. - Answer-D. Search real estate sites and
other resources to find available homes.
,2|Page
Dawn has accepted an offer on her Indiana home from
Ron. A week after accepting Ron's offer, Dawn's dog
destroys some of the woodwork in the living room. Dawn's
agent delivers an amended disclosure to Ron's agent,
noting the new damage. Ron now has a right to terminate
the contract in writing, but he must do it ________.
A. At least 24 hours before closing
B. Within 30 days
C. Within five business days
D. Within two business days - Answer-D. Within two
business days
If an Indiana licensee lets his or her license expire, how
long does the licensee have to complete the renewal
requirements before the licensee has to pay a penalty?
A. Four years
B. One year
C. Three years
D. Two years - Answer-C. Three years
What does the Indiana Real Estate Commission have the
right to do relative to brokerage records? - Answer-Inspect
them at any time.
, 3|Page
Wilma's excited to have passed her Indiana broker
examination, and she's completing her application for a
real estate license. Which of these is NOT an option for
the status of her newly issued license?
A. Active
B. Inactive
C. Temporary
D. Unassigned - Answer-C. Temporary
New Indiana licensees have their continuing education
requirements waived for ______ while they complete their
post-licensing education. - Answer-2 years
You're representing a seller who asks you to keep certain
facts about the property to yourself, such as the need for
some foundation repairs. How does Indiana state law
guide you in this situation? - Answer-Disclosure of adverse
material facts is a legal requirement, so this doesn't fall
within your duty of confidentiality to the seller.
Andy has a managing broker-level license, but he's
supervised by Charlene at Tip Top Realty. What's true
Indiana Auctioneer Licensure Exam ||Verified Exam!||
Most Recent Exam Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ || Newest Exam!!!
Which of these methods of valuation falls under Indiana's
definition of an appraisal?
A. Broker price opinion
B. Comparative market analysis
C. Estimated valuation
D. Valuation data review - Answer-A. Broker price opinion
Ian is an unlicensed individual helping his sister, Angela,
find a new house. She's agreed to pay him $1,000. Which
of the following activities can he legally perform?
A. Advertise the property for sale.
B. Negotiate with sellers on Angela's behalf.
C. Purchase a property for Angela at an auction.
D. Search real estate sites and other resources to find
available homes. - Answer-D. Search real estate sites and
other resources to find available homes.
,2|Page
Dawn has accepted an offer on her Indiana home from
Ron. A week after accepting Ron's offer, Dawn's dog
destroys some of the woodwork in the living room. Dawn's
agent delivers an amended disclosure to Ron's agent,
noting the new damage. Ron now has a right to terminate
the contract in writing, but he must do it ________.
A. At least 24 hours before closing
B. Within 30 days
C. Within five business days
D. Within two business days - Answer-D. Within two
business days
If an Indiana licensee lets his or her license expire, how
long does the licensee have to complete the renewal
requirements before the licensee has to pay a penalty?
A. Four years
B. One year
C. Three years
D. Two years - Answer-C. Three years
What does the Indiana Real Estate Commission have the
right to do relative to brokerage records? - Answer-Inspect
them at any time.
, 3|Page
Wilma's excited to have passed her Indiana broker
examination, and she's completing her application for a
real estate license. Which of these is NOT an option for
the status of her newly issued license?
A. Active
B. Inactive
C. Temporary
D. Unassigned - Answer-C. Temporary
New Indiana licensees have their continuing education
requirements waived for ______ while they complete their
post-licensing education. - Answer-2 years
You're representing a seller who asks you to keep certain
facts about the property to yourself, such as the need for
some foundation repairs. How does Indiana state law
guide you in this situation? - Answer-Disclosure of adverse
material facts is a legal requirement, so this doesn't fall
within your duty of confidentiality to the seller.
Andy has a managing broker-level license, but he's
supervised by Charlene at Tip Top Realty. What's true
