Real Estate Indiana Broker Exam
Questions and Answers 100% Solved
Who selects the members of the Indiana Real Estate Commission? -
✔✔The governor of Indiana selects the commission members.
Which of the following statements is false regarding the Indiana Real
Estate Commission? - ✔✔The commission may spend the interest earned
from monies accrued in the recovery fund for continuing education for all
licensees.
Which of the following is required to be a member of the Indiana Real
Estate Commission? - ✔✔The appointee serves at the discretion of the
governor
Which of the following persons needs a real estate license in the state of
Indiana? - ✔✔Any person who negotiates the exchange of like properties.
Which of the following is true regarding a person in Indiana who acts as a
real property securities dealer? - ✔✔The person must be registered under
Indiana and federal securities laws.
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Which of following is not required to hold a real estate license? -
✔✔Anyone reselling a mobile home not on a permanent foundation is NOT
required to hold a real estate license.
Mandy is an office manager for Woodside Real Estate, a local Indiana real
estate firm. Her responsibilities include coordinating the flow of paperwork
through the office, preparing forms and advertising copy, and hiring and
supervising clerical personnel. Which of the following statements is true
regarding Mandy? - ✔✔Mandy is exempt from real estate licensure.
Anne successfully completed her Indiana prelicense real estate education
requirement on October 1, 2003. How long does she have to take the state
exam before having to retake the prelicense course? - ✔✔Anne has one
year from the time she completed the prelicense course to take the exam.
Peter offered to help his neighbor, Claire, sell her house 3 weeks before he
began his prelicense real estate course. Claire agreed to pay Peter a 5
percent commission. Claire accepted an offer on the house while Peter was
enrolled in the prelicense course, and the property closed the day before
Peter took the state licensing exam. Claire changed her mind, however,
and refused to pay Peter the 5 percent commission. May Peter sue Claire
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, to recover payment? - ✔✔No. Indiana state law prohibits lawsuits to collect
commission unless the injured party was properly licensed.
What must a real estate corporation do to obtain a corporation license in
Indiana? - ✔✔The corporation must have at least one broker licensed in
Indiana who is a shareholder.
Claire is the on-site property manager for Sunny Apartments. She is
responsible for negotiating leases for the apartments. Craig, a licensed
Indiana broker, is Claire's supervisor. Which of the following is true
regarding Claire's position? - ✔✔Claire is exempt from licensing
requirements.
Which of the following activities does not require a valid Indiana real estate
license in order to be compensated? - ✔✔Performing a written home
inspection does not require a valid Indiana real estate license.
A partnership received its first Indiana license renewal on July 1, 2018.
When will the license expire (unless renewed earlier)? - ✔✔The
partnership's license will expire in 36 months.
Which of the following duties may an unlicensed real estate assistant NOT
perform? - ✔✔an unlicensed assistant may NOT explain contract
documents to prospective buyers.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Questions and Answers 100% Solved
Who selects the members of the Indiana Real Estate Commission? -
✔✔The governor of Indiana selects the commission members.
Which of the following statements is false regarding the Indiana Real
Estate Commission? - ✔✔The commission may spend the interest earned
from monies accrued in the recovery fund for continuing education for all
licensees.
Which of the following is required to be a member of the Indiana Real
Estate Commission? - ✔✔The appointee serves at the discretion of the
governor
Which of the following persons needs a real estate license in the state of
Indiana? - ✔✔Any person who negotiates the exchange of like properties.
Which of the following is true regarding a person in Indiana who acts as a
real property securities dealer? - ✔✔The person must be registered under
Indiana and federal securities laws.
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Which of following is not required to hold a real estate license? -
✔✔Anyone reselling a mobile home not on a permanent foundation is NOT
required to hold a real estate license.
Mandy is an office manager for Woodside Real Estate, a local Indiana real
estate firm. Her responsibilities include coordinating the flow of paperwork
through the office, preparing forms and advertising copy, and hiring and
supervising clerical personnel. Which of the following statements is true
regarding Mandy? - ✔✔Mandy is exempt from real estate licensure.
Anne successfully completed her Indiana prelicense real estate education
requirement on October 1, 2003. How long does she have to take the state
exam before having to retake the prelicense course? - ✔✔Anne has one
year from the time she completed the prelicense course to take the exam.
Peter offered to help his neighbor, Claire, sell her house 3 weeks before he
began his prelicense real estate course. Claire agreed to pay Peter a 5
percent commission. Claire accepted an offer on the house while Peter was
enrolled in the prelicense course, and the property closed the day before
Peter took the state licensing exam. Claire changed her mind, however,
and refused to pay Peter the 5 percent commission. May Peter sue Claire
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, to recover payment? - ✔✔No. Indiana state law prohibits lawsuits to collect
commission unless the injured party was properly licensed.
What must a real estate corporation do to obtain a corporation license in
Indiana? - ✔✔The corporation must have at least one broker licensed in
Indiana who is a shareholder.
Claire is the on-site property manager for Sunny Apartments. She is
responsible for negotiating leases for the apartments. Craig, a licensed
Indiana broker, is Claire's supervisor. Which of the following is true
regarding Claire's position? - ✔✔Claire is exempt from licensing
requirements.
Which of the following activities does not require a valid Indiana real estate
license in order to be compensated? - ✔✔Performing a written home
inspection does not require a valid Indiana real estate license.
A partnership received its first Indiana license renewal on July 1, 2018.
When will the license expire (unless renewed earlier)? - ✔✔The
partnership's license will expire in 36 months.
Which of the following duties may an unlicensed real estate assistant NOT
perform? - ✔✔an unlicensed assistant may NOT explain contract
documents to prospective buyers.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
