Indiana state questions Correct answers latest update

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