Indiana License Law
Which of the following is NOT an exemption from Indiana's real estate licensing requirement?
AAn attorney-in-fact under a power of attorney for a specific transaction
BA property owner selling their own home
CA licensed real estate agent selling a neighbor's home for a fee without a brokerage affiliation✓ Correct
DA court-appointed trustee selling property as part of their fiduciary duties
Explanation
A licensed real estate agent who is not affiliated with a brokerage and sells another person's property for a fee does not qualify for any exemption — they must be properly affiliated with a managing broker. The other options are recognized exemptions.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
EasementA non-possessory right to use another person's land for a specific purpose.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
State-Specific Concepts
License Law
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