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Indiana Real Estate Managing Broker Exam
Questions with Correct Answers and
explanations LATEST THIS YEAR -JUST
RELEASED
Indiana Real Estate Managing Broker Exam
SUMMARIZED EXAM COVERAGE
The Indiana Real Estate Managing Broker Exam tests advanced knowledge required for broker
supervision and management. Key requirements effective July 1, 2025: candidates must hold an active
Indiana broker license for at least 3 years (increased from 2 years), complete 24 hours of Commission-
approved broker management courses, and pass a written examination through Pearson
VUE administered by the Indiana Real Estate Commission .
Key domains include: broker company responsibilities and supervision (IC 25-34.1-4-1), trust account
management (IC 25-34.1-4-5), managing broker qualifications (IC 25-34.1-4-0.5), continuing education
requirements (12 hours annually; 4 hours managing broker-specific), advertising rules, listing
agreements, offer to purchase, closing statements, licensee interest disclosure, and supervising
associated brokers .
1. A real estate broker company and its managing broker are responsible under IC 25-34.1-4-1 for the
actions of:
A) Only the managing broker personally
B) Any broker who is associated with the broker company
C) Only brokers who work directly for the managing broker
D) Only brokers who have completed 3 years of licensure
Answer: B
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Rationale: IC 25-34.1-4-1 explicitly states that a broker company and its managing broker are
responsible for the actions of any broker associated with the broker company .
2. According to IC 25-34.1-4-0.5, effective July 1, 2025, a broker must hold an active broker's license for
how long before becoming eligible as a managing broker?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
Answer: C
Rationale: HB 1347, effective July 1, 2025, increased the eligibility requirement from 2 years to 3 years
of active broker licensure .
3. In addition to the experience requirement, what else must a broker complete to become a managing
broker under IC 25-34.1-4-0.5?
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A) 12 hours of general continuing education
B) 24 hours of Commission-approved broker management courses
C) 30 hours of post-licensing education
D) A graduate degree in business administration
Answer: B
Rationale: IC 25-34.1-4-0.5 requires brokers to take and pass at least 24 hours of Commission-approved
broker management courses .
4. What new requirement for managing broker eligibility went into effect on July 1, 2025?
A) A written real estate exam administered by Pearson VUE
B) A written examination administered by the Indiana Real Estate Commission
C) A supervised internship of 6 months
D) A background check by the FBI
Answer: B
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Rationale: The 2025 amendments added a new requirement: a written examination administered by the
Indiana Real Estate Commission .
5. A broker company must designate to the Commission a managing broker who is primarily responsible
for the company's actions. This is required by:
A) IC 25-34.1-4-2(b)
B) IC 25-34.1-4-1
C) IC 25-34.1-4-5
D) IC 25-34.1-4-8
Answer: A
Rationale: IC 25-34.1-4-2(b) requires a partnership, corporate, or LLC broker to designate a managing
broker to be primarily responsible to the Commission .
6. Under IC 25-34.1-4-5, all earnest money deposits and funds belonging to others must be kept:
A) In the managing broker's personal account
B) In one or more trust accounts clearly identified as trust accounts
Indiana Real Estate Managing Broker Exam
Questions with Correct Answers and
explanations LATEST THIS YEAR -JUST
RELEASED
Indiana Real Estate Managing Broker Exam
SUMMARIZED EXAM COVERAGE
The Indiana Real Estate Managing Broker Exam tests advanced knowledge required for broker
supervision and management. Key requirements effective July 1, 2025: candidates must hold an active
Indiana broker license for at least 3 years (increased from 2 years), complete 24 hours of Commission-
approved broker management courses, and pass a written examination through Pearson
VUE administered by the Indiana Real Estate Commission .
Key domains include: broker company responsibilities and supervision (IC 25-34.1-4-1), trust account
management (IC 25-34.1-4-5), managing broker qualifications (IC 25-34.1-4-0.5), continuing education
requirements (12 hours annually; 4 hours managing broker-specific), advertising rules, listing
agreements, offer to purchase, closing statements, licensee interest disclosure, and supervising
associated brokers .
1. A real estate broker company and its managing broker are responsible under IC 25-34.1-4-1 for the
actions of:
A) Only the managing broker personally
B) Any broker who is associated with the broker company
C) Only brokers who work directly for the managing broker
D) Only brokers who have completed 3 years of licensure
Answer: B
, Page 2 of 109
Rationale: IC 25-34.1-4-1 explicitly states that a broker company and its managing broker are
responsible for the actions of any broker associated with the broker company .
2. According to IC 25-34.1-4-0.5, effective July 1, 2025, a broker must hold an active broker's license for
how long before becoming eligible as a managing broker?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
Answer: C
Rationale: HB 1347, effective July 1, 2025, increased the eligibility requirement from 2 years to 3 years
of active broker licensure .
3. In addition to the experience requirement, what else must a broker complete to become a managing
broker under IC 25-34.1-4-0.5?
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A) 12 hours of general continuing education
B) 24 hours of Commission-approved broker management courses
C) 30 hours of post-licensing education
D) A graduate degree in business administration
Answer: B
Rationale: IC 25-34.1-4-0.5 requires brokers to take and pass at least 24 hours of Commission-approved
broker management courses .
4. What new requirement for managing broker eligibility went into effect on July 1, 2025?
A) A written real estate exam administered by Pearson VUE
B) A written examination administered by the Indiana Real Estate Commission
C) A supervised internship of 6 months
D) A background check by the FBI
Answer: B
, Page 4 of 109
Rationale: The 2025 amendments added a new requirement: a written examination administered by the
Indiana Real Estate Commission .
5. A broker company must designate to the Commission a managing broker who is primarily responsible
for the company's actions. This is required by:
A) IC 25-34.1-4-2(b)
B) IC 25-34.1-4-1
C) IC 25-34.1-4-5
D) IC 25-34.1-4-8
Answer: A
Rationale: IC 25-34.1-4-2(b) requires a partnership, corporate, or LLC broker to designate a managing
broker to be primarily responsible to the Commission .
6. Under IC 25-34.1-4-5, all earnest money deposits and funds belonging to others must be kept:
A) In the managing broker's personal account
B) In one or more trust accounts clearly identified as trust accounts
