Indiana State Exam Results ACCURATE TESTED VERSIONS OF THE EXAM FROM 2025 TO 2026 | ACCURATE AND VERIFIED ANSWERS | NEXT GEN FORMAT | GUARANTEED PASS

1. Which of the following are Indiana real estate licensees required to disclose to their potential clients? A. The property's appraised value B. The commission rate charged by all brokerages in the area C. Their brokerage's written policy regarding allowed agency relationships D. The history of previous client complaints Rationale: Indiana license law requires licensees to disclose their brokerage's agency relationship policies to ensure clients understand the scope of representation. 2. Jose's client verbally agrees to a buyer's offer. This is considered _______. A. A binding agreement B. A breach of contract C. Legally enforceable D. Non-binding Rationale: Verbal agreements in real estate are not binding; contracts must be in writing to be enforceable. 3. The Indiana Real Estate Commission has imposed penalties on Jethro and Carrie for similar violations. Jethro is more experienced. What's true? A. Jethro should receive a harsher penalty due to his experience B. Carrie should be excused due to her newness C. The penalties must be consistent D. Both should have their licenses suspended Rationale: Penalties are based on the nature of the violation, not the length of licensure, to maintain fairness and consistency. 4. How will completing post-licensing education help a newly licensed broker like Pete? A. It exempts him from future CE B. It gives him extra commission C. It provides 30 hours of education focused on real estate practice D. It replaces the state licensing exam Rationale: Indiana requires 30 hours of post-licensing education focused on practical real estate skills to support early-career brokers. 5. Which license type allows a person to work independently in Indiana real estate? A. Associate broker B. Transaction coordinator C. Managing broker D. Listing specialist Rationale: Only managing brokers can operate independently; others must affiliate with a managing broker. 6. If a seller amends a disclosure, how long does the buyer have to cancel with a refund of earnest money? A. 24 hours B. Three business days C. Two business days D. One calendar week Rationale: Buyers have two business days to cancel after receiving an amended disclosure. 7. Has Dylan violated Indiana law by advising a client based on zoning research? A. Yes, agents can’t provide zoning advice B. No, because he confirmed the zoning info C. Yes, because it's a legal opinion D. No, because clients can sue if he’s wrong Rationale: Providing factual, verified information is part of a broker’s responsibility; Dylan acted appropriately. 8. What must a seller do if a water pipe bursts before closing? A. Fix the issue without telling the buyer B. Cancel the sale C. Disclose the issue no later than closing D. Do nothing if damage is minor Rationale: Material changes must be disclosed to buyers to maintain transparency and legality. 9. Whose office is the main office of Gemini Realty? A. Ted's office B. Linda's office C. Brenda's office with the 10 brokers D. All three are main offices Rationale: The main office is defined as the one with the managing broker and principal operations. 10. Marcus earned his license almost two years ago. What must he do soon? A. Retake the licensing exam B. Renew his license C. Complete his post-licensing education D. Apply for a managing broker’s license Rationale: Post-licensing education must be completed within the first two years of licensure. 11. Providing a closing statement to a client fulfills what duty? A. Marketing B. Advertising C. Accounting D. Confidentiality Rationale: Licensees must account for all funds and transactions by providing accurate statements. 12. Can commission be split with another licensed broker in Indiana? A. No, it's prohibited B. Only with seller’s written approval C. Yes, always D. Only if the buyer agrees Rationale: Commission splitting is legal with the seller’s authorization. 13. Which agency relationship is illegal in Indiana? A. Single agency B. Sub-agency C. Limited agency D. Buyer agency Rationale: Indiana law prohibits sub-agency relationships due to their risk and lack of direct client representation. 14. What is USPAP? A. A contract form B. An ethics pledge C. Appraisal standards guideline D. An inspection checklist Rationale: USPAP (Uniform Standards of Professional Appraisal Practice) governs how appraisals are conducted and reported. 15. What is NOT true about a broker’s responsibility during an escrow audit? A. Must provide bank records B. Records must be accurate C. Records older than 7 years are required D. Must comply with the audit Rationale: Escrow records are only required for the previous five years unless otherwise stated. 16. Which of these statements about Indiana branch offices is true? A. They can operate without commission approval B. Only the main office must be licensed C. They must be registered before opening D. Each must have fewer than 10 agents Rationale: Indiana law requires all branch offices to be registered with the commission before conducting business. 17. What task can Lorraine, an unlicensed assistant, legally perform? A. Show properties B. Negotiate offers C. Assemble closing documents D. Host open houses alone Rationale: Unlicensed assistants can perform administrative tasks like assembling documents but not tasks requiring licensure. 18. Which of these is NOT a psychological stigma requiring disclosure in Indiana? A. A prior suicide B. A haunting C. A homicide D. High radon levels Rationale: High radon levels are a physical hazard, not a psychological stigma, and must be disclosed separately. 19. Which Indiana property requires the Seller's Residential Real Estate Sales Disclosure? A. A warehouse B. A four-unit building C. A single-family home on five acres D. Vacant land Rationale: The disclosure is required for most residential properties, including singlefamily homes. 20. Why is Frieda not required to attend the closing of Jebediah's commercial property? A. It’s too expensive B. It’s her day off C. She already reviewed the paperwork D. Because it’s commercial, not residential Rationale: Indiana brokers are not obligated to attend closings for commercial transactions. 21. What is a desktop evaluation in Indiana? A. A walk-through inspection B. A full appraisal C. A data-based property evaluation with no physical inspection D. A comparative market analysis Rationale: A desktop evaluation uses market data and public records without a site visit and is acceptable under Indiana law. 22. The policies and procedures manual is designed to _______. A. Train clients B. Enforce federal law C. Provide guidance for firm members D. Replace continuing education Rationale: This manual offers a consistent reference for agents on operations and compliance. 23. Which method falls under Indiana's definition of an appraisal? A. Market survey B. Broker price opinion C. Neighborhood evaluation D. Rental analysis Rationale: Broker price opinions are recognized as a form of appraisal in Indiana. 24. What offices may managing broker Trish manage? A. Only her home office B. The main office only C. All offices including branches D. None without an assistant Rationale: A managing broker may oversee the main and branch offices if properly licensed. 25. Which funds should NOT go into the escrow account? A. Earnest money B. Rent deposits for client properties C. Security deposits from the broker's own rental property D. Option fees Rationale: Funds related to a broker’s own property should not be mixed with client funds in escrow. 26. Who at Greater Indiana Realty may not advise clients on real estate transactions? A. Licensed assistant B. New broker C. Managing broker D. Unlicensed receptionist Carey Rationale: Only licensed individuals can provide real estate advice.