Indiana License Law
An Indiana real estate broker may receive compensation from both the buyer and seller in the same transaction only if:
AThe total compensation does not exceed 6%
BBoth parties are informed and provide written consent✓ Correct
CThe managing broker approves the arrangement
DThe transaction is a commercial deal
Explanation
Receiving compensation from both parties in the same transaction requires full disclosure and written consent from both parties. Without proper disclosure and consent, accepting dual compensation is a license law violation.
Related Indiana Indiana License Law Questions
- Continuing education courses acceptable for Indiana real estate license renewal must be:
- Advertising a property in Indiana must include which of the following?
- An Indiana broker who operates under an assumed business name (DBA) must:
- In Indiana, a real estate licensee must notify the Indiana Real Estate Commission of a felony conviction within:
- Under Indiana law, which of the following activities requires a real estate license?
- Which of the following is required before an Indiana real estate license may be issued to an applicant?
- What is the minimum passing score on the Indiana real estate broker licensing exam?
- Which of the following is exempt from Indiana real estate licensing requirements?
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →