Indiana real estate - Study guides, Class notes & Summaries

Indiana Real Estate Exam Questions With Complete Solutions

Indiana real estate license law is administered by the... - Answer-Indiana Real Estate Commission The members of the Indiana Real Estate Commission are appointed by the... - Answer-Governor The IndianaReal Estate Commission has the authority to.. - Answer-Adopt and enforce the rules by which all real estate licensees must abide. In order to be appointed at an Indiana Real Estate commissioner, an individual must... - Answer-have been licensed as an Indiana broker for five years The ap...

Indiana Real Estate Commission Statutes and Rules Quiz (in class) The Indiana Real Estate Commission consists of A. 12 district real estate commissioners B. 9 district commissioner and 3 citizen at-large commissioners C. 10 district commissioners and 2 citizen at-large commissioners D. 9 district commissioners, 2 citizen members at-large, and 1 real estate member at-large ️D. 9 district commissioners, 2 citizen members at-large, and 1 real estate member at-large To obtain an Indi...

Estate in land (estate) - Answer-degree quantity nature and extent of the owners interest in real property Freehold estate - Answer-estate in land in which ownership is for an indeterminate length of time Fee simple estate or fee simple absolute - Answer-The highest interest in real estate recognized by the law Fee Simple Defeasible - Answer-An estate which may be lost on the occurrence or nonoccurrence of a specified event. Feesimple determinable - Answer-Feesimple defeasible state ...

Indiana Real Estate Exam Questions With Complete Solutions

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - correct answer Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - correct answer Salesperson, broker A salesperson can receive ______ ONLY from that broker. - correct answer compensation A salesperson has _______ to make contracts with or ______ from any other party. - correct answer no authority, receive compen...

INDIANA Real Estate Exam Guide 2024. The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - ANSWER Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - ANSWER Salesperson, broker A salesperson can receive ______ ONLY from that broker. - ANSWER compensation A salesperson has _______ to make contracts with or ______ from any other party. - ANSWER no authority, receive ...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

Law that regulates Indiana real estate - correct answer title 876 who gives license - correct answer the Indiana real estate commission sanction - correct answer a disciplinary action imposed by the real estate regulatory board against a violator of real estate law probation - correct answer a sanction that requires the practitioner to meet the designated requirements to terminate the probation status Suspension - correct answer prohibits practice for a period of time summary susp...

How much time is given to pass the Indiana salesperson exam? - 4 hours How many hours of pre-licensing education do you need in Indiana? - 90 hours How old do you have to be in Indiana to obtain a RE License? - 18 years old Biff is hired by owner Gilligan to oversee a residential property complex, including supervising complex employees and maintenance, but he has limited authority. Biff is the: - Property manager Paula enters into a contract for the purchase of Jordan's home. Paula applie...