Indiana License Law
Under Indiana law, a broker's compensation agreement with a buyer must be:
AVerbal and confirmed at closing
BIn writing before the broker provides brokerage services to the buyer✓ Correct
CFiled with the IREC before any showings
DReviewed by the managing broker monthly
Explanation
Indiana requires that compensation agreements with buyers be in writing. A written buyer representation agreement should be executed before the broker begins providing brokerage services.
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