Frequent question: Who selects the members of the Indiana real estate Commission?

How are members of the Indiana real estate commission selected?

(c) Each member of the commission shall be appointed by the governor under IC 25-1-6.5. (d) A member of the commission may not hold a state or federal elective office.

Which Indiana body is composed of appointed members who oversee real estate licensing in Indiana?

The IndianaReal Estate Commission has the authority to.. Adopt and enforce the rules by which all real estate licensees must abide. In order to be appointed at an Indiana Real Estate commissioner, an individual must… The following statement regarding the Indiana Real Estate Commission is true..

Who or what established the Indiana real estate commission?

The Commission

Formed by the Indiana Legislature, the Indiana Real Estate Commission (IREC) has the legal authority to license and regulate real estate licensees. The rules and regulations created by IREC carry the force of law.

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What’s not true about the Indiana real estate commission?

What’s NOT true about the Indiana Real Estate Commission? It exists to protect the rights and interests of licensed real estate professionals. It has the authority to file suit against a licensee in circuit or superior court.

How hard is the real estate exam in Indiana?

Remember, the Indiana real estate exam is hard to pass and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched.

Which of the following is permitted activity for an unlicensed assistant in Indiana?

Which of the following is permitted activity for an unlicensed assistant in Indiana? representing more than one principal of Managing Broker at a time. suspend the license until the find is reimbursed with interest.

Which of the following is a duty of an Indiana broker when her agency relationship with a client terminates?

What is a duty of an Indiana Broker when her agency relationship with a client terminates? Provide a full accounting of all funds received in connection with the relationship.

Which of the following is a lawful activity for an unlicensed assistant to conduct in the state of Alabama?

Which of the following is a lawful activity for an unlicensed assistant to conduct in the state of Alabama? The answer is receiving, recording, and depositing earnest money. This is a lawful activity for an unlicensed assistant to conduct.

How much is the Indiana real estate exam?

The Indiana state exam costs $61 and to activate your license costs $60. Pre-Licensing coursework pricing with The CE Shop starts at $489. After coursework, application, and activation fees, you will join a board of realtors and depending on the association you join it could be up to $1,500.

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Under Which type of contract is a broker entitled to compensation only when the transaction is closed?

Under the terms of an exclusive agreement, the broker may be entitled to compensation if the buyer purchases property during the term of the agreement, whether or not it’s the broker who finds the property or negotiates with the seller.”

Who of the following do not require a real estate license?

A real estate investor may, or may not need to have a real estate license. If an investor is buying and selling their own properties, they don’t need a real estate license. Anyone can buy and sell their own property without representation, and without a license.