INDIANA REAL ESTATE (STATE EXAM PREP) QUESTIONS
WITH CORRECT ANSWERS
Law |that |regulates |Indiana |real |estate |- |CORRECT |ANSWER✔✔-title |876
who |gives |license |- |CORRECT |ANSWER✔✔-the |Indiana |real |estate |commission
sanction |- |CORRECT |ANSWER✔✔-a |disciplinary |action |imposed |by |the |real |estate |regulatory |
board |against |a |violator |of |real |estate |law
probation |- |CORRECT |ANSWER✔✔-a |sanction |that |requires |the |practitioner |to |meet |the |
designated |requirements |to |terminate |the |probation |status
Suspension |- |CORRECT |ANSWER✔✔-prohibits |practice |for |a |period |of |time
summary |suspension |- |CORRECT |ANSWER✔✔-90-day |license |suspension |imposed |as |a |
sanction |when |the |Commission |finds |that |the |real |estate |professional |is |a |clear |and |immediate
|danger |to |the |public |health |and |safety |if |he |or |she |continues |to |practice.
revacation |- |CORRECT |ANSWER✔✔-harshest |form |of |discipline |( |permanent |license |revoke) |
can |apply |for |a |new |license |after |7 |years
the |purpose |of |the |real |estate |commission |- |CORRECT |ANSWER✔✔-require |a |standard |of |
knowledge |
encourage |ethical |practice |
discipline |brokers |who |commit |fraud |
discipline |brokers |who |break |laws
, the |Indiana |commission |members |- |CORRECT |ANSWER✔✔-12 |total
9 |district |members |( |1 |from |each |district,
member |has |to |live |in |district |for |1 |year)
members |must |be |brokers |for |5yrs |
1 |member |(in |large)
2 |citizen |members |they |serve |4 |years |terms
appointed |by |the |governor |
commission |elects |chairman |and |vice |chairman |( |1 |years |term)
prohibited |Indiana |law |activities |- |CORRECT |ANSWER✔✔-preform |real |estate |transaction |
without |a |license |for |money
having |been |found |guilty |of |a |crime |that |effects |the |ability |to |competently |practice |
committed |Crime |that |endangers |the |public |
cheat |on |exam
false |advertisement/misleading |
fraudulent |billing
refuse |a |mental |exam |order |by |the |commission |
posses |or |distribute |illegal |drugs |
sex |crime |
WITH CORRECT ANSWERS
Law |that |regulates |Indiana |real |estate |- |CORRECT |ANSWER✔✔-title |876
who |gives |license |- |CORRECT |ANSWER✔✔-the |Indiana |real |estate |commission
sanction |- |CORRECT |ANSWER✔✔-a |disciplinary |action |imposed |by |the |real |estate |regulatory |
board |against |a |violator |of |real |estate |law
probation |- |CORRECT |ANSWER✔✔-a |sanction |that |requires |the |practitioner |to |meet |the |
designated |requirements |to |terminate |the |probation |status
Suspension |- |CORRECT |ANSWER✔✔-prohibits |practice |for |a |period |of |time
summary |suspension |- |CORRECT |ANSWER✔✔-90-day |license |suspension |imposed |as |a |
sanction |when |the |Commission |finds |that |the |real |estate |professional |is |a |clear |and |immediate
|danger |to |the |public |health |and |safety |if |he |or |she |continues |to |practice.
revacation |- |CORRECT |ANSWER✔✔-harshest |form |of |discipline |( |permanent |license |revoke) |
can |apply |for |a |new |license |after |7 |years
the |purpose |of |the |real |estate |commission |- |CORRECT |ANSWER✔✔-require |a |standard |of |
knowledge |
encourage |ethical |practice |
discipline |brokers |who |commit |fraud |
discipline |brokers |who |break |laws
, the |Indiana |commission |members |- |CORRECT |ANSWER✔✔-12 |total
9 |district |members |( |1 |from |each |district,
member |has |to |live |in |district |for |1 |year)
members |must |be |brokers |for |5yrs |
1 |member |(in |large)
2 |citizen |members |they |serve |4 |years |terms
appointed |by |the |governor |
commission |elects |chairman |and |vice |chairman |( |1 |years |term)
prohibited |Indiana |law |activities |- |CORRECT |ANSWER✔✔-preform |real |estate |transaction |
without |a |license |for |money
having |been |found |guilty |of |a |crime |that |effects |the |ability |to |competently |practice |
committed |Crime |that |endangers |the |public |
cheat |on |exam
false |advertisement/misleading |
fraudulent |billing
refuse |a |mental |exam |order |by |the |commission |
posses |or |distribute |illegal |drugs |
sex |crime |
