Indiana License Law
When must an Indiana broker disclose that they are a principal (party) in a transaction?
AOnly if the other party asks
BBefore or at the time of the transaction, as it is a material fact✓ Correct
COnly if required by the managing broker
DOnly in commercial transactions
Explanation
Indiana brokers who are principals in a transaction (buying or selling for themselves or their immediate family) must disclose their licensed status as a material fact before or at the time of the transaction.
Related Indiana Indiana License Law Questions
- An Indiana broker who uses the designation 'REALTOR®' must be a member of:
- The Indiana Real Estate Commission's authority over licensees extends to actions taken:
- Under Indiana license law, which of the following best describes 'net listing'?
- The Indiana Real Estate Commission meets regularly to:
- Which of the following is NOT an exemption from Indiana's real estate licensing requirement?
- Indiana's Ethics in Government Act as it applies to real estate licensees primarily concerns:
- Which of the following is exempt from Indiana real estate licensing requirements?
- Indiana license law prohibits a licensee from accepting a listing from a seller who has fraudulently obtained the property because:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →