Real Estate Indiana Broker Exam
Questions with Correct Verified
Solutions 2025-2026 Updated.
Who selects the members of the Indiana Real Estate Commission? - Answer The governor of
Indiana selects the commission members.
Which of the following statements is false regarding the Indiana Real Estate Commission? -
Answer The commission may spend the interest earned from monies accrued in the recovery
fund for continuing education for all licensees.
Which of the following is required to be a member of the Indiana Real Estate Commission? -
Answer The appointee serves at the discretion of the governor
Which of the following persons needs a real estate license in the state of Indiana? - Answer
Any person who negotiates the exchange of like properties.
Which of the following is true regarding a person in Indiana who acts as a real property
securities dealer? - Answer The person must be registered under Indiana and federal
securities laws.
Which of following is not required to hold a real estate license? - Answer Anyone reselling a
mobile home not on a permanent foundation is NOT required to hold a real estate license.
Mandy is an office manager for Woodside Real Estate, a local Indiana real estate firm. Her
responsibilities include coordinating the flow of paperwork through the office, preparing forms
and advertising copy, and hiring and supervising clerical personnel. Which of the following
statements is true regarding Mandy? - Answer Mandy is exempt from real estate licensure.
Anne successfully completed her Indiana prelicense real estate education requirement on
October 1, 2003. How long does she have to take the state exam before having to retake the
prelicense course? - Answer Anne has one year from the time she completed the prelicense
course to take the exam.
Peter offered to help his neighbor, Claire, sell her house 3 weeks before he began his prelicense
real estate course. Claire agreed to pay Peter a 5 percent commission. Claire accepted an offer
, What must a real estate corporation do to obtain a corporation license in Indiana? - Answer
The corporation must have at least one broker licensed in Indiana who is a shareholder.
Claire is the on-site property manager for Sunny Apartments. She is responsible for negotiating
leases for the apartments. Craig, a licensed Indiana broker, is Claire's supervisor. Which of the
following is true regarding Claire's position? - Answer Claire is exempt from licensing
requirements.
Which of the following activities does not require a valid Indiana real estate license in order to
be compensated? - Answer Performing a written home inspection does not require a valid
Indiana real estate license.
A partnership received its first Indiana license renewal on July 1, 2018. When will the license
expire (unless renewed earlier)? - Answer The partnership's license will expire in 36 months.
Which of the following duties may an unlicensed real estate assistant NOT perform? - Answer
an unlicensed assistant may NOT explain contract documents to prospective buyers.
Carol is an unlicensed assistant at Vivian's real estate firm. Carol recently worked late nights and
weekends to help ensure the successful closing of a difficult transaction. Her work included
calling the prospective buyers and encouraging them to accept the counteroffer. The sale went
through, largely because of Carol's efforts. Vivian wants to pay Carol a commission. Which of the
following statements is true regarding this situation under Indiana law? - Answer Vivian may
not pay a commission to Carol under this situation.
Nelson wishes to obtain an Indiana reciprocal real estate license. Which of the following is true
regarding this situation? - Answer Nelson may qualify because his original state has real estate
laws similar to Indiana.
Which of the following must be filed when a nonresident files for an Indiana license? - Answer
The nonresident must file an irrevocable written consent to suit.
Mandy, a licensed broker, tells a lender that the sales price of a property is something above its
actual sales price in order to assist the buyer in obtaining a larger loan. Which of the following
statements is true regarding Mandy's action? - Answer Mandy has violated Indiana real estate
law, and can be disciplined for material deception.
Questions with Correct Verified
Solutions 2025-2026 Updated.
Who selects the members of the Indiana Real Estate Commission? - Answer The governor of
Indiana selects the commission members.
Which of the following statements is false regarding the Indiana Real Estate Commission? -
Answer The commission may spend the interest earned from monies accrued in the recovery
fund for continuing education for all licensees.
Which of the following is required to be a member of the Indiana Real Estate Commission? -
Answer The appointee serves at the discretion of the governor
Which of the following persons needs a real estate license in the state of Indiana? - Answer
Any person who negotiates the exchange of like properties.
Which of the following is true regarding a person in Indiana who acts as a real property
securities dealer? - Answer The person must be registered under Indiana and federal
securities laws.
Which of following is not required to hold a real estate license? - Answer Anyone reselling a
mobile home not on a permanent foundation is NOT required to hold a real estate license.
Mandy is an office manager for Woodside Real Estate, a local Indiana real estate firm. Her
responsibilities include coordinating the flow of paperwork through the office, preparing forms
and advertising copy, and hiring and supervising clerical personnel. Which of the following
statements is true regarding Mandy? - Answer Mandy is exempt from real estate licensure.
Anne successfully completed her Indiana prelicense real estate education requirement on
October 1, 2003. How long does she have to take the state exam before having to retake the
prelicense course? - Answer Anne has one year from the time she completed the prelicense
course to take the exam.
Peter offered to help his neighbor, Claire, sell her house 3 weeks before he began his prelicense
real estate course. Claire agreed to pay Peter a 5 percent commission. Claire accepted an offer
, What must a real estate corporation do to obtain a corporation license in Indiana? - Answer
The corporation must have at least one broker licensed in Indiana who is a shareholder.
Claire is the on-site property manager for Sunny Apartments. She is responsible for negotiating
leases for the apartments. Craig, a licensed Indiana broker, is Claire's supervisor. Which of the
following is true regarding Claire's position? - Answer Claire is exempt from licensing
requirements.
Which of the following activities does not require a valid Indiana real estate license in order to
be compensated? - Answer Performing a written home inspection does not require a valid
Indiana real estate license.
A partnership received its first Indiana license renewal on July 1, 2018. When will the license
expire (unless renewed earlier)? - Answer The partnership's license will expire in 36 months.
Which of the following duties may an unlicensed real estate assistant NOT perform? - Answer
an unlicensed assistant may NOT explain contract documents to prospective buyers.
Carol is an unlicensed assistant at Vivian's real estate firm. Carol recently worked late nights and
weekends to help ensure the successful closing of a difficult transaction. Her work included
calling the prospective buyers and encouraging them to accept the counteroffer. The sale went
through, largely because of Carol's efforts. Vivian wants to pay Carol a commission. Which of the
following statements is true regarding this situation under Indiana law? - Answer Vivian may
not pay a commission to Carol under this situation.
Nelson wishes to obtain an Indiana reciprocal real estate license. Which of the following is true
regarding this situation? - Answer Nelson may qualify because his original state has real estate
laws similar to Indiana.
Which of the following must be filed when a nonresident files for an Indiana license? - Answer
The nonresident must file an irrevocable written consent to suit.
Mandy, a licensed broker, tells a lender that the sales price of a property is something above its
actual sales price in order to assist the buyer in obtaining a larger loan. Which of the following
statements is true regarding Mandy's action? - Answer Mandy has violated Indiana real estate
law, and can be disciplined for material deception.
