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The fundamental and primary purpose of the Commission is to safeguard the public interest through the following: - Answer 1. encouraging the requiring high standards of knowledge 2. encouraging ethical practices 3. discipling licensees who engage in dishonest, fraudulent, or criminal activities 4. chasing the discipline of persons who violate Indiana Code or these provisions Branch manager - Answer an individual broker who manages a branch office Branch office - Answer a broker...

The Indiana Real Estate Commission consists of - Answer 12 members who are appointed by the governor and serve a 4-year term The 12 members consist of the following: - Answer Members of the Commission: 9 district members 1 member from real estate industry 2 members from general public Appointed by governor 4-year term Purpose of Commission: The fundamental and primary purpose of the Commission is to protect the public interest by - Answer encouraging and requiring high s...

Who selects the members of the Indiana Real Estate Commission? - Answer The governor of Indiana selects the commission members. Which of the following statements is false regarding the Indiana Real Estate Commission? - Answer The commission may spend the interest earned from monies accrued in the recovery fund for continuing education for all licensees. Which of the following is required to be a member of the Indiana Real Estate Commission? - Answer The appointee serves at the dis...

Escrow Account Journal - Answer A chronological record of all payments and deposits in the escrow account that includes all funds held for all beneficiaries, as well as funds for account maintenance How long do Brokers in Indiana have to provide records to the Indiana Real Estate Commission if requested? - Answer 24 Hours Who is responsible for opening and maintaining brokerage escrow accounts (aka trust accounts) - Answer Managing Brokers Who takes over the escrow accounts if ...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer Broker, Broker The _____ can carry out ONLY those responsibilities assigned by employing ____. - Answer Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer no authority, receive compensation A broker...

This exam covers the Indiana Real Estate Commission (IREC) regulations and state licensing laws. It includes verified answers and explanations to help students and professionals prepare for the 2025–2026 real estate licensing exams. Topics include real estate principles, broker responsibilities, property management, ethics, and state-specific legal requirements for Indiana.

Indiana Real Estate Exam Questions With Correct Answers

Real Estate Indiana Broker Exam Questions With Correct Answers

Indiana Real Estate Broker Exam Practice Test Questions With Correct Answers

INDIANA REAL ESTATE (STATE EXAM PREP) QUESTIONS WITH CORRECT ANSWERS