Indiana License Law
When can an Indiana real estate broker accept a listing that allows them to personally purchase the property?
ANever — a broker may not list and purchase the same property
BAfter providing written disclosure of the broker's intent to purchase and obtaining the seller's informed written consent✓ Correct
COnly after the listing has been on the market for 60 days
DOnly with IPLA approval
Explanation
A broker may list and then purchase a property only with full written disclosure to the seller of their intent to purchase and the seller's informed written consent acknowledging the conflict of interest.
Related Indiana Indiana License Law Questions
- An Indiana broker who accepts a commission from both the buyer and seller in the same transaction without disclosure is guilty of:
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- Which of the following is true about a real estate license application in Indiana?
- Which document must a buyer's broker provide to a prospective buyer at first substantive contact in Indiana?
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