Indiana state questions Correct answers
latest update
T, a licensee from Illinois, has been retained by the
probate court to sell all the real estate in J's estate. One
of the properties located in INDIANA. If T wants to sell
the property located in INDIANA. In this situation.
which of the following statements is correct?
T can apply to the Indiana real estate commission
for written permission to sell the property
The attorney general do may do which of the following?
Subpoena documents for the investigation
Which of the following is the proper way to split
commission?
The agreed amount discussed between broker
company
Licensee acting on behalf of an out of town seller
receives an offer from buyer-licensee may accept offer.
Only if licensee has written authority as POA from
seller
Prior to placing a "For Sale" sign on a lawn. Licensee
must have
Written consent of seller
A consummation of transaction, listing broker is required to
deliver closing statement to
Seller
What statement is correct about the company's office
policy?
Permit or reject limited agency
A person without a valid Real Estate license cannot list or sell for consideration unless that person
Falls under exemption from licensing in Indiana Real Estate law
Licensee representing a seller has duty to present all written offer to purchase from cooperating
broker
Immediately upon request or offer
Upon request broker company must provide CE certificates for brokerage- this falls too
Broker
In Indiana Real Estate Commission May delay the renewal of a broker's license if the
, Managing Broker has failed to provide the Commission with copies of the broker's continuing
education certifications
Inducements allowed
Donate to charity of buyer/seller's choice with approval
valid listing with Broker H. Broker M tells them to cancel and list with Broker M
M's license can be revoked or suspended
To qualify for commission
Resident of district appointed to represent
Seller y's sight is failing, They can't fill out the Residential Real Estate Disclosure form
Inform Y it is her responsibility
Advertises open house with drawing for free tv. Broker must disclose to
All parties
Broker Z is a member of an LLC that buys and sells investment properties. LLC lists property with
Broker Q at another firm. Broker z
Must disclose in writing Z's interest to all parties
Must do 30 post licensing education
Within 2 years
Sarah has passed her broker exam and applied for licensure. What activities can she not perform?
Explain amortization table
A limited agent may disclose which of the following?
Septic tank
A broker in Indiana resides in the state of Michigan and is licensed as a real estate broker in Indiana.
In this situation, the broker...
Act as a broker associated with a managing broker in Indiana
Broker hires an inactive broker to conduct open house
The broker may face disciplinary action for incompetent practice.
An individual must have a broker license to conduct which of the followings
Conduct the sale of real property
A broker has been hired to appraise a property being offered for sale. The broker must
adhere to the uniform standards of professional appraising practice
latest update
T, a licensee from Illinois, has been retained by the
probate court to sell all the real estate in J's estate. One
of the properties located in INDIANA. If T wants to sell
the property located in INDIANA. In this situation.
which of the following statements is correct?
T can apply to the Indiana real estate commission
for written permission to sell the property
The attorney general do may do which of the following?
Subpoena documents for the investigation
Which of the following is the proper way to split
commission?
The agreed amount discussed between broker
company
Licensee acting on behalf of an out of town seller
receives an offer from buyer-licensee may accept offer.
Only if licensee has written authority as POA from
seller
Prior to placing a "For Sale" sign on a lawn. Licensee
must have
Written consent of seller
A consummation of transaction, listing broker is required to
deliver closing statement to
Seller
What statement is correct about the company's office
policy?
Permit or reject limited agency
A person without a valid Real Estate license cannot list or sell for consideration unless that person
Falls under exemption from licensing in Indiana Real Estate law
Licensee representing a seller has duty to present all written offer to purchase from cooperating
broker
Immediately upon request or offer
Upon request broker company must provide CE certificates for brokerage- this falls too
Broker
In Indiana Real Estate Commission May delay the renewal of a broker's license if the
, Managing Broker has failed to provide the Commission with copies of the broker's continuing
education certifications
Inducements allowed
Donate to charity of buyer/seller's choice with approval
valid listing with Broker H. Broker M tells them to cancel and list with Broker M
M's license can be revoked or suspended
To qualify for commission
Resident of district appointed to represent
Seller y's sight is failing, They can't fill out the Residential Real Estate Disclosure form
Inform Y it is her responsibility
Advertises open house with drawing for free tv. Broker must disclose to
All parties
Broker Z is a member of an LLC that buys and sells investment properties. LLC lists property with
Broker Q at another firm. Broker z
Must disclose in writing Z's interest to all parties
Must do 30 post licensing education
Within 2 years
Sarah has passed her broker exam and applied for licensure. What activities can she not perform?
Explain amortization table
A limited agent may disclose which of the following?
Septic tank
A broker in Indiana resides in the state of Michigan and is licensed as a real estate broker in Indiana.
In this situation, the broker...
Act as a broker associated with a managing broker in Indiana
Broker hires an inactive broker to conduct open house
The broker may face disciplinary action for incompetent practice.
An individual must have a broker license to conduct which of the followings
Conduct the sale of real property
A broker has been hired to appraise a property being offered for sale. The broker must
adhere to the uniform standards of professional appraising practice
