INDIANA REAL ESTATE (STATE EXAM PREP) questions and
answers 2026\2027 A+ Grade
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
answers 2026\2027 A+ Grade
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
