How is the chairperson of the Indiana real estate Commission selected?
The chairman of the Real Estate Commission is: Appointed by the Governor. … Selected by the Commission’s advisory council.
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 many times can you take the real estate exam in Indiana?
You are allowed three attempts to pass both the national and state law portions of the exam. If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam.
How does the Indiana real estate Commission protect consumers quizlet?
List five ways the Real Estate Commission protects consumers. Enforces rules and punishes offenders. Establishes and enforces requirements for licenses. … General requirements for obtaining an Indiana real estate broker’s license.
Can a residential realtor sell commercial property in Indiana?
Yes. A real estate agent can sell any type of property, either commercial or residential. However, there is a lot of on-the-job experience that helps an agent be more skilled in selling commercial properties vs residential properties. Therefore, many clients prefer to hire an agent who specializes in one or the other.
How much does it cost to get a real estate license in Indiana?
The total cost to get a Indiana real estate license depends on a number of factors. The Indiana state exam costs $61 and to activate your license costs $60. Pre-Licensing coursework pricing with The CE Shop starts at $489.
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.
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.
Is a net listing legal in Indiana?
In the State of Indiana, net listings: are not legal. require the written consent of all parties.