INDIANA REAL ESTATE BROKER JURISPRUDENCE
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) Q&A 2026|INSTANT
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1. Which Indiana law primarily governs real estate licensing
and brokerage activities?
A. Indiana Consumer Protection Act
B. Indiana Real Estate License Law
C. Federal Fair Housing Act only
D. Indiana Criminal Code
Rationale: The Indiana Real Estate Commission enforces
licensing under a specific state statute.
Correct Answer: B
2. The Indiana Real Estate Commission is responsible for:
A. Setting mortgage interest rates
B. Issuing and regulating real estate licenses
C. Approving property sales contracts
D. Managing county property taxes
Rationale: The Commission oversees licensing and compliance,
not taxation or financing.
Correct Answer: B
,3. A broker in Indiana must renew their license every:
A. 6 months
B. 1 year
C. 2 years
D. 5 years
Rationale: Indiana real estate licenses are typically renewed on
a biennial basis.
Correct Answer: C
4. Continuing education for Indiana brokers is required in
order to:
A. Increase commission rates
B. Maintain active licensure
C. Avoid paying taxes
D. Become a managing broker automatically
Rationale: CE ensures brokers remain compliant and
knowledgeable.
Correct Answer: B
5. A managing broker in Indiana is primarily responsible for:
A. Setting federal housing policy
B. Supervising affiliated licensees
,C. Approving all mortgage loans
D. Conducting property appraisals
Rationale: Managing brokers oversee and supervise brokerage
activities.
Correct Answer: B
6. Which of the following is considered a fiduciary duty in
Indiana real estate practice?
A. Advertising property without consent
B. Loyalty to the client
C. Setting commission rates independently
D. Ignoring disclosure requirements
Rationale: Fiduciary duties include loyalty, obedience,
disclosure, and confidentiality.
Correct Answer: B
7. Dual agency in Indiana occurs when:
A. Two brokers compete for the same listing
B. One agent represents both buyer and seller
C. Two buyers represent the same seller
D. A broker works in two states
Rationale: Dual agency involves representation of both parties
in a transaction.
Correct Answer: B
, 8. Indiana license law requires disclosure of:
A. Political affiliation of seller
B. Material defects in property
C. Buyer’s employment history
D. Neighborhood crime statistics only
Rationale: Material facts affecting value or safety must be
disclosed.
Correct Answer: B
9. Which entity enforces Indiana real estate license law
violations?
A. Federal Reserve
B. Indiana Real Estate Commission
C. Local police department
D. IRS
Rationale: The Commission handles disciplinary actions.
Correct Answer: B
10. An Indiana real estate broker is prohibited from:
A. Advertising listings
B. Receiving commissions
C. Practicing without a license
D. Showing properties
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) Q&A 2026|INSTANT
DOWNLOAD PDF
1. Which Indiana law primarily governs real estate licensing
and brokerage activities?
A. Indiana Consumer Protection Act
B. Indiana Real Estate License Law
C. Federal Fair Housing Act only
D. Indiana Criminal Code
Rationale: The Indiana Real Estate Commission enforces
licensing under a specific state statute.
Correct Answer: B
2. The Indiana Real Estate Commission is responsible for:
A. Setting mortgage interest rates
B. Issuing and regulating real estate licenses
C. Approving property sales contracts
D. Managing county property taxes
Rationale: The Commission oversees licensing and compliance,
not taxation or financing.
Correct Answer: B
,3. A broker in Indiana must renew their license every:
A. 6 months
B. 1 year
C. 2 years
D. 5 years
Rationale: Indiana real estate licenses are typically renewed on
a biennial basis.
Correct Answer: C
4. Continuing education for Indiana brokers is required in
order to:
A. Increase commission rates
B. Maintain active licensure
C. Avoid paying taxes
D. Become a managing broker automatically
Rationale: CE ensures brokers remain compliant and
knowledgeable.
Correct Answer: B
5. A managing broker in Indiana is primarily responsible for:
A. Setting federal housing policy
B. Supervising affiliated licensees
,C. Approving all mortgage loans
D. Conducting property appraisals
Rationale: Managing brokers oversee and supervise brokerage
activities.
Correct Answer: B
6. Which of the following is considered a fiduciary duty in
Indiana real estate practice?
A. Advertising property without consent
B. Loyalty to the client
C. Setting commission rates independently
D. Ignoring disclosure requirements
Rationale: Fiduciary duties include loyalty, obedience,
disclosure, and confidentiality.
Correct Answer: B
7. Dual agency in Indiana occurs when:
A. Two brokers compete for the same listing
B. One agent represents both buyer and seller
C. Two buyers represent the same seller
D. A broker works in two states
Rationale: Dual agency involves representation of both parties
in a transaction.
Correct Answer: B
, 8. Indiana license law requires disclosure of:
A. Political affiliation of seller
B. Material defects in property
C. Buyer’s employment history
D. Neighborhood crime statistics only
Rationale: Material facts affecting value or safety must be
disclosed.
Correct Answer: B
9. Which entity enforces Indiana real estate license law
violations?
A. Federal Reserve
B. Indiana Real Estate Commission
C. Local police department
D. IRS
Rationale: The Commission handles disciplinary actions.
Correct Answer: B
10. An Indiana real estate broker is prohibited from:
A. Advertising listings
B. Receiving commissions
C. Practicing without a license
D. Showing properties
