Indiana real estate - Study guides, Class notes & Summaries

Indiana Real Estate Exam LATEST ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

the surface Zoning Administration - ANSWERSZoning Board of Adjustment oversees rule administration and appeals Real estate - ANSWERSland plus manmade permanent attachments Real property - ANSWERSreal estate plus bundle of rights Bundle of Rights - ANSWERSPossess Use Transfer Exclude Encumber Physical Characteristics - ANSWERSImmobility; indestructibilit; hetoerogeneity Immobility - ANSWERSLand cannot move; forever fixed Indestructibility - ANSWERSLand is permanen; No depreci...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Broker, Broker The _____ can carry out ONLY those responsibilities assigned by employing ____. - Salesperson, broker A salesperson can receive ______ ONLY from that broker. - compensation A salesperson has _______ to make contracts with or ______ from any other party. - no authority, receive compensation A brokers commission is specified in the ______ with ...

2024 Indiana Real Estate Commission Graded A The Indiana Real Estate Commission consists of .. ️9 district commissioners, 2 citizen members at large, and 1 real estate member at -large To obtain an Indiana broker's license, an individual must.. ️have successfully completed a 90 hour broker course and pass a written state examination A broker .. ️may be associated with only one managing broker. In the event of the death of an individual managing broker, a broker associated with ...

The real estate licensing authority in Indiana is the a. Indiana Professional Licensing Agency b. Indiana Real Estate Education Advisory Council c. Indiana Real Estate Commission d. Indiana Attorney General - Answer c. Indiana Real Estate Commission Under what law are Indiana real estate broker licenses issued? a. Title 876 of the Indiana Administrative Code b. Senate Bill 275 c. Indiana Administrative Code Statute 34, Article 23 d. Indiana Administrative Code Statute 22, Articles...

Indiana Real Estate Exam with Correct Answers 2024 Update The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer -Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer -Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer -compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer -...

A broker's protection clause, when inserted into a listing agreement, serves this function: - ANSWERSTo entitle the broker a commission if the property is sold to parties with whom he/she has negotiated during the term of the listing for a stated number of days after the listing expires A legal document pledging a property to the lender as security for payment of a debt is called: - ANSWERSA mortgage What does a desist and refrain order do if issued by the real estate commissioner? - ANSW...

According to Indiana law, a claimant seeking relief from the Indiana Recovery Fund must be a resident of Indiana A. True B. False - Answer-False - Although a claimant must have cause due to an Indiana Real estate transaction, the claimant is not required to be a resident of Indiana What type of agent do you think a broker is in the managing broker - agent relationship? A. Universal B. Special C. General D. Limited - Answer-C - Agents are considered to be general agents to their managing...

A licensee is convicted of a crime that has bearing on the licensee's ability to competently practice. As a direct result of the conviction, the next step the Commission would likely take it is to: my answer: Suspend the license. - Hold a hearing on the matter. RATIONALE The criminal conviction is a criminal matter, the Commission would need to hold a hearing to see what if any sanction should be imposed. The only exception would be matters that pose a clear and immediate danger to the pu...