Indiana License Law
Under Indiana law, a buyer who is represented by a buyer's agent pays the buyer's broker through:
AA separate fee paid directly by the buyer at closing (required)
BA split of the listing broker's commission, a buyer-paid fee, or a combination as agreed in the buyer representation agreement✓ Correct
CNo compensation — buyer's agents work for free
DOnly through the seller's contribution to closing costs
Explanation
Buyer's broker compensation may come from a co-broke split from the listing broker's commission, a direct fee from the buyer, or a combination. The method and amount are specified in the buyer representation agreement, per recent industry practice changes.
Related Indiana Indiana License Law Questions
- An Indiana real estate license may be placed on inactive status when a licensee:
- Under Indiana law, a broker must place earnest money received into a trust account within:
- Indiana requires new real estate brokers to complete post-licensing education within:
- Which of the following actions is grounds for disciplinary action against an Indiana licensee?
- What is the maximum amount the Indiana Real Estate Recovery Fund will pay per transaction?
- How many hours of continuing education must an Indiana broker complete each two-year renewal period?
- The Indiana Real Estate Commission is composed of how many members?
- An Indiana broker's license expires if continuing education is not completed by:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →