Indiana License Law
Under Indiana law, a 'principal broker' was the predecessor term to the current term:
ALicensed broker
BManaging broker✓ Correct
CDesignated agent
DLead broker
Explanation
Indiana's real estate license law was updated to replace 'principal broker' with 'managing broker' — the licensed broker responsible for supervising affiliated brokers and ensuring brokerage compliance.
Related Indiana Indiana License Law Questions
- The Indiana Real Estate Commission meets regularly to:
- Indiana's IREC rules require brokers to maintain trust account records for:
- An Indiana broker who refers their seller client to a specific closing attorney in exchange for the attorney referring clients back to the broker must:
- Indiana requires licensed real estate brokers to operate under which type of business structure?
- A managing broker license in Indiana requires the applicant to have been actively licensed as a salesperson or broker for at least:
- An Indiana broker who represents a buyer in purchasing a property must use which form to document the agency relationship?
- Indiana's Real Estate Commission requires that trust account records include which of the following?
- An Indiana licensee who is fined by the IREC for a first-time, minor violation may also be required to:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →