Indiana real estate license laws questions and answers 100% verified.

Indiana real estate license laws questions and answers 100% verified. Syndications - correct answer. Pooling of resources to handle large transactions that would be difficult on your own. Securities Licensing - correct answer. Federal securities act of 1933, referred to as the "truth in securities" law. Disclosure of important financial information through the registration of securities. Federal Securities act of 1934 - correct answer. created the securities and exchange commission. Requires persons selling securities to be registration and licensed Public Syndication - correct answer. large # of people involved Private Sydications - correct answer. small "general partnerships" Indiana Real Estate Commission - correct answer. is made up of 12 people, 13th is secretary-collects monies. 1 real estate member, 2 citizen members, 9 district members from the congressional districts. terms of office - years appointed by governer (All 12) Quorum: 7; majority 4 Action maybe taken without a meeting, oral action or written consent. Compensation and Expenses - Per Diem and travel expenses (General Fund) Power of the Commission - correct answer. Administer and enforce Right to establish standards Issue, deny, suspend, and revoke licensee Investigate complaints Bring action in the appropriate circuit court Inspect the records Utilize counsel Enter into contracts Maintain the commissions office, files, records and property in the city if Indianapolis. Grant, deny, suspend, and revoke approval of examinations and courses of study Provide for the Filing and approval of surety bonds Annually adapt emergency rules as part of USPAP Adopt rules governing education. Requirements for licensing - correct answer. No other entities may license - no one other then the commission. Acts of an attorney - not require a license Performance by a public official Acts of a receiver, executor, administrator, commission, trustee, or guardian. Rental - Not require a license Rental of residential apartment units Maximum of 12 unites which are located on a single parcel of real estate or on contiguous parcels of real estate (Side by side by side) Referral of real estate business