Indiana Real Estate Broker Licensing Practice Exam
Questions And Correct Answers (Verified Answers)
Plus Rationales 2025/2026 Q&A | Instant Download
Pdf.
1. Which Indiana agency regulates real estate brokers?
A. Indiana Department of Revenue
B. Indiana Secretary of State
C. Indiana Real Estate Commission (IREC)
D. Indiana Professional Licensing Agency
Answer: C
The Indiana Real Estate Commission regulates licensing, education, and
discipline of brokers.
2. In Indiana, a real estate license is valid for how long?
A. One year
B. Two years
C. Three years
D. Four years
Answer: C
Indiana real estate licenses must be renewed every three years.
3. What is required for an Indiana broker license renewal?
A. Passing the state exam again
B. Completion of continuing education
C. Proof of sales volume
D. Broker recommendation
Answer: B
Indiana requires continuing education to maintain an active license.
,4. A broker who represents both buyer and seller with written consent is
practicing:
A. Universal agency
B. Designated agency
C. Dual agency
D. Transaction brokerage
Answer: C
Dual agency occurs when one broker represents both parties with informed
written consent.
5. Which duty is part of a broker’s fiduciary responsibility?
A. Marketing
B. Confidentiality
C. Advertising
D. Loyalty
Answer: D
Loyalty requires the broker to act solely in the client’s best interest.
6. Indiana law requires agency disclosure:
A. At closing
B. Before listing is signed
C. At the first substantive contact
D. Only upon request
Answer: C
Agency relationships must be disclosed early in the transaction.
7. Which is considered real property?
A. Furniture
B. Clothing
C. Land and permanently attached improvements
D. Vehicles
, Answer: C
Real property includes land and items permanently affixed to it.
8. A deed that provides the greatest protection to the grantee is:
A. Quitclaim deed
B. Special warranty deed
C. Bargain and sale deed
D. General warranty deed
Answer: D
General warranty deeds provide full warranties against title defects.
9. Which lien has priority over all others?
A. Judgment lien
B. Mortgage lien
C. HOA lien
D. Property tax lien
Answer: D
Property tax liens take priority over all other liens.
10. A contract lacking legal purpose is:
A. Voidable
B. Executory
C. Void
D. Unilateral
Answer: C
A contract with an illegal purpose has no legal effect.
11. Indiana uses which legal description method most commonly?
A. Metes and bounds
B. Lot and block
Questions And Correct Answers (Verified Answers)
Plus Rationales 2025/2026 Q&A | Instant Download
Pdf.
1. Which Indiana agency regulates real estate brokers?
A. Indiana Department of Revenue
B. Indiana Secretary of State
C. Indiana Real Estate Commission (IREC)
D. Indiana Professional Licensing Agency
Answer: C
The Indiana Real Estate Commission regulates licensing, education, and
discipline of brokers.
2. In Indiana, a real estate license is valid for how long?
A. One year
B. Two years
C. Three years
D. Four years
Answer: C
Indiana real estate licenses must be renewed every three years.
3. What is required for an Indiana broker license renewal?
A. Passing the state exam again
B. Completion of continuing education
C. Proof of sales volume
D. Broker recommendation
Answer: B
Indiana requires continuing education to maintain an active license.
,4. A broker who represents both buyer and seller with written consent is
practicing:
A. Universal agency
B. Designated agency
C. Dual agency
D. Transaction brokerage
Answer: C
Dual agency occurs when one broker represents both parties with informed
written consent.
5. Which duty is part of a broker’s fiduciary responsibility?
A. Marketing
B. Confidentiality
C. Advertising
D. Loyalty
Answer: D
Loyalty requires the broker to act solely in the client’s best interest.
6. Indiana law requires agency disclosure:
A. At closing
B. Before listing is signed
C. At the first substantive contact
D. Only upon request
Answer: C
Agency relationships must be disclosed early in the transaction.
7. Which is considered real property?
A. Furniture
B. Clothing
C. Land and permanently attached improvements
D. Vehicles
, Answer: C
Real property includes land and items permanently affixed to it.
8. A deed that provides the greatest protection to the grantee is:
A. Quitclaim deed
B. Special warranty deed
C. Bargain and sale deed
D. General warranty deed
Answer: D
General warranty deeds provide full warranties against title defects.
9. Which lien has priority over all others?
A. Judgment lien
B. Mortgage lien
C. HOA lien
D. Property tax lien
Answer: D
Property tax liens take priority over all other liens.
10. A contract lacking legal purpose is:
A. Voidable
B. Executory
C. Void
D. Unilateral
Answer: C
A contract with an illegal purpose has no legal effect.
11. Indiana uses which legal description method most commonly?
A. Metes and bounds
B. Lot and block
