Indiana Real Estate Broker Licensing Practice Exam QUESTIONs And
Correct Answers (Verified Answers) Plus Rationales 2026/2027 Q&A |
Instant Download Pdf.
QUESTION 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
Correct Answer: C
Rationale: The Indiana Real Estate Commission regulates licensing,
education, and discipline of brokers.
QUESTION 2: In Indiana, a real estate license is valid for how long?
• A) One year
• B) Two years
• C) Three years
• D) Four years
Correct Answer: C
Rationale: Indiana real estate licenses must be renewed every three
years.
QUESTION 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
Correct Answer: B
Rationale: Indiana requires continuing education to maintain an active
license.
QUESTION 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
Correct Answer: C
Rationale: Dual agency occurs when one broker represents both parties
with informed written consent.
QUESTION 5: Which duty is part of a broker's fiduciary responsibility?
• A) Marketing
• B) Confidentiality
• C) Advertising
• D) Loyalty
Correct Answer: D
,Rationale: Loyalty requires the broker to act solely in the client's best
interest.
QUESTION 6: Indiana law requires agency disclosure:
• A) At closing
• B) Before listing is signed
• C) At the first substantive contact
• D) Only upon request
Correct Answer: C
Rationale: Agency relationships must be disclosed early in the
transaction.
QUESTION 7: Which is considered real property?
• A) Furniture
• B) Clothing
• C) Land and permanently attached improvements
• D) Vehicles
Correct Answer: C
Rationale: Real property includes land and items permanently affixed to
it.
QUESTION 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
Correct Answer: D
Rationale: General warranty deeds provide full warranties against title
defects.
QUESTION 9: Which lien has priority over all others?
• A) Judgment lien
• B) Mortgage lien
• C) HOA lien
• D) Property tax lien
Correct Answer: D
Rationale: Property tax liens take priority over all other liens.
QUESTION 10: A contract lacking legal purpose is:
• A) Voidable
• B) Executory
• C) Void
• D) Unilateral
Correct Answer: C
Rationale: A contract with an illegal purpose has no legal effect.
QUESTION 11: How many continuing education (CE) hours must an
Indiana broker complete annually to maintain an active license?
• A) 6 hours
Correct Answers (Verified Answers) Plus Rationales 2026/2027 Q&A |
Instant Download Pdf.
QUESTION 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
Correct Answer: C
Rationale: The Indiana Real Estate Commission regulates licensing,
education, and discipline of brokers.
QUESTION 2: In Indiana, a real estate license is valid for how long?
• A) One year
• B) Two years
• C) Three years
• D) Four years
Correct Answer: C
Rationale: Indiana real estate licenses must be renewed every three
years.
QUESTION 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
Correct Answer: B
Rationale: Indiana requires continuing education to maintain an active
license.
QUESTION 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
Correct Answer: C
Rationale: Dual agency occurs when one broker represents both parties
with informed written consent.
QUESTION 5: Which duty is part of a broker's fiduciary responsibility?
• A) Marketing
• B) Confidentiality
• C) Advertising
• D) Loyalty
Correct Answer: D
,Rationale: Loyalty requires the broker to act solely in the client's best
interest.
QUESTION 6: Indiana law requires agency disclosure:
• A) At closing
• B) Before listing is signed
• C) At the first substantive contact
• D) Only upon request
Correct Answer: C
Rationale: Agency relationships must be disclosed early in the
transaction.
QUESTION 7: Which is considered real property?
• A) Furniture
• B) Clothing
• C) Land and permanently attached improvements
• D) Vehicles
Correct Answer: C
Rationale: Real property includes land and items permanently affixed to
it.
QUESTION 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
Correct Answer: D
Rationale: General warranty deeds provide full warranties against title
defects.
QUESTION 9: Which lien has priority over all others?
• A) Judgment lien
• B) Mortgage lien
• C) HOA lien
• D) Property tax lien
Correct Answer: D
Rationale: Property tax liens take priority over all other liens.
QUESTION 10: A contract lacking legal purpose is:
• A) Voidable
• B) Executory
• C) Void
• D) Unilateral
Correct Answer: C
Rationale: A contract with an illegal purpose has no legal effect.
QUESTION 11: How many continuing education (CE) hours must an
Indiana broker complete annually to maintain an active license?
• A) 6 hours
