Indiana Real Estate Managing Broker 2026/2027 Exam
Questions with Correct Answers and explanations
|Brand New!!
Who selects the members of the Indiana Real Estate
Commission? - ANSWER-The governor of Indiana selects
the commission members.
Vivian received a call from her neighbors. Their home is
listed with another broker, but the neighbors are very
dissatisfied and they want Vivian to tell them how to get
out of the listing agreement so they may list their home
with Vivian. What is Vivian's course of action? - ANSWER-
Vivian must inform her neighbors that she cannot discuss
,the current listing situation, and any request for the
discussion of future services must be put in writing.
Gevorg is an Indiana licensee. A seller gave Gevorg the
survey and owner's title insurance policy at the time she
listed her property with him. When the listing expired,
Gevorg did not return the documents, and claimed they
were misplaced. Which of the following statements is true
regarding Gevorg's liability in this situation? - ANSWER-
Gevorg would be subject to disciplinary action because
misplacing the documents amounts to incompetent
practice .
Leslie is an Indiana licensee. Part of her marketing effort
includes an offer to provide and pay for a home warranty
,policy for sellers if they list their home with her. Which of
the following statements is true regarding this practice? -
ANSWER-Leslie must provide written disclosure to all
parties at the time of any and all offers or acceptance of an
offer.
Which of the following statements is true regarding the
Indiana Residential Real Estate Sales Disclosure Form? -
ANSWER-The form is to be completed by the seller and
given to the purchaser prior to acceptance of an offer.
Arthur is a tenant, and asks his landlord for an Indiana
Residential Real Estate Sales Disclosure Form, but the
landlord refuses to complete the document. Which of the
following is a true statement regarding this situation? -
, ANSWER-The landlord is not required to furnish the form
to Arthur, the tenant.
An Indiana Real Estate Sales Disclosure Form would be
required in which of the following situations? - ANSWER-
The document would be required for the transfer of real
estate to a buyer by a relocation company holding title to
the property.
Nelson owns a four-unit apartment building, and plans to
sell it. When must he submit an Indiana Real Estate Sales
Disclosure Form to a prospective buyer? - ANSWER-
Nelson must submit the form before an offer to purchase
the four-unit apartment building is accepted.
Questions with Correct Answers and explanations
|Brand New!!
Who selects the members of the Indiana Real Estate
Commission? - ANSWER-The governor of Indiana selects
the commission members.
Vivian received a call from her neighbors. Their home is
listed with another broker, but the neighbors are very
dissatisfied and they want Vivian to tell them how to get
out of the listing agreement so they may list their home
with Vivian. What is Vivian's course of action? - ANSWER-
Vivian must inform her neighbors that she cannot discuss
,the current listing situation, and any request for the
discussion of future services must be put in writing.
Gevorg is an Indiana licensee. A seller gave Gevorg the
survey and owner's title insurance policy at the time she
listed her property with him. When the listing expired,
Gevorg did not return the documents, and claimed they
were misplaced. Which of the following statements is true
regarding Gevorg's liability in this situation? - ANSWER-
Gevorg would be subject to disciplinary action because
misplacing the documents amounts to incompetent
practice .
Leslie is an Indiana licensee. Part of her marketing effort
includes an offer to provide and pay for a home warranty
,policy for sellers if they list their home with her. Which of
the following statements is true regarding this practice? -
ANSWER-Leslie must provide written disclosure to all
parties at the time of any and all offers or acceptance of an
offer.
Which of the following statements is true regarding the
Indiana Residential Real Estate Sales Disclosure Form? -
ANSWER-The form is to be completed by the seller and
given to the purchaser prior to acceptance of an offer.
Arthur is a tenant, and asks his landlord for an Indiana
Residential Real Estate Sales Disclosure Form, but the
landlord refuses to complete the document. Which of the
following is a true statement regarding this situation? -
, ANSWER-The landlord is not required to furnish the form
to Arthur, the tenant.
An Indiana Real Estate Sales Disclosure Form would be
required in which of the following situations? - ANSWER-
The document would be required for the transfer of real
estate to a buyer by a relocation company holding title to
the property.
Nelson owns a four-unit apartment building, and plans to
sell it. When must he submit an Indiana Real Estate Sales
Disclosure Form to a prospective buyer? - ANSWER-
Nelson must submit the form before an offer to purchase
the four-unit apartment building is accepted.
