Indiana License Law
The Indiana Real Estate Commission may discipline a licensee for all of the following EXCEPT:
AMisrepresentation of a material fact
BFailing to disclose a known latent defect
CCharging a commission rate higher than competitors✓ Correct
DCommingling client funds with personal funds
Explanation
Commission rates in Indiana are freely negotiable and not regulated by the IREC. The Commission can discipline licensees for misrepresentation, failure to disclose material defects, and commingling of funds.
Related Indiana Indiana License Law Questions
- The Indiana Real Estate Commission has authority to:
- An Indiana real estate license may be placed on inactive status when a licensee:
- Which document must a buyer's broker provide to a prospective buyer at first substantive contact in Indiana?
- Which of the following statements about the Indiana Broker Recovery Fund is correct?
- Under Indiana law, dual agency — representing both the buyer and seller in the same transaction — is:
- What is the maximum fine the Indiana Real Estate Commission can impose for a single violation?
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