Indiana License Law
Indiana's NAR Code of Ethics is relevant to licensed REALTORS® because violations may result in:
ACriminal prosecution by the state
BDisciplinary action by the local REALTOR® association, which may include fines, required education, or membership suspension✓ Correct
CAutomatic revocation of the real estate license by IPLA
DCivil lawsuits from clients
Explanation
The NAR Code of Ethics is enforced by local REALTOR® associations through ethics hearings. Violations can result in fines, required education, and membership suspension. Separately, violations may also be reported to IPLA if they constitute license law violations.
Related Indiana Indiana License Law Questions
- Indiana's real estate license law is codified primarily under which Indiana Code title?
- Which of the following is NOT an exemption from Indiana's real estate licensing requirement?
- A 'pocket listing' where an Indiana broker markets a property exclusively without MLS entry for an extended period may violate:
- Which of the following actions could result in revocation of an Indiana real estate license?
- An Indiana real estate license may be placed on inactive status when a licensee:
- A broker in Indiana may pay a referral fee to an out-of-state broker only if the out-of-state broker:
- Under Indiana law, dual agency — representing both the buyer and seller in the same transaction — is:
- Indiana law requires that a broker's license number be included:
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