Indiana License Law
Indiana requires that real estate trust accounts be maintained at:
AA federally insured depository institution✓ Correct
BThe Indiana State Treasury
CAny bank outside Indiana
DAn investment brokerage account
Explanation
Indiana law requires brokers to maintain trust accounts at a federally insured financial institution to protect client funds.
Related Indiana Indiana License Law Questions
- Indiana requires licensees involved in commercial transactions to:
- Which of the following is exempt from Indiana real estate licensing requirements?
- Which of the following is NOT a requirement for obtaining an Indiana real estate broker license?
- Which of the following actions could result in revocation of an Indiana real estate license?
- Under Indiana law, which of the following activities requires a real estate license?
- Indiana law defines a 'broker' as someone who for compensation performs which activity?
- How many questions are on the Indiana real estate broker licensing exam?
- An Indiana broker's license is automatically suspended when the broker is found guilty of:
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