Which of the following does not fall under the exceptions to requiring a real estate license in Indiana?
Which of the following does not fall under the exceptions to requiring a real estate license in Indiana? Real Estate Commission. Why can a licensed auctioneer sell property at a public auction without a real estate license?
Which of the following activities would require an Indiana real estate license?
Which of the following activities would require an Indiana real estate license? Full-time salaried employee of the owner who collects building rent on behalf of the owner. Company that offers Indiana real estate for sale in other states. Auctioneer that sells real estate at public auction.
Which of the following if any is exempt from the Colorado Real Estate License law?
In Colorado, who of the following is exempt from real estate license law? Investor who owns 12 investment properties and sells one to an owner-occupant. … A licensee is always under the jurisdiction of the real estate commission. Acts of fraud may also require a broker to appear in civil or criminal court.
Does a person who agrees to a commission for the sale of real estate require an Indiana real estate license?
No, because in Indiana, a real estate broker must have a permanent office in which his or her license is displayed.
Is the Indiana real estate exam hard?
The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.
Can you take the Indiana real estate exam online?
The Indiana Real Estate commission has announced the option of taking the licensing exam remotely instead of at a physical testing center location. PSI will still have in-person on site testing still available for those students who wish to take the exam in-person instead of online.
How many times can you take the Indiana real estate exam?
You are allowed three attempts to pass both the national and state law portions of the exam. If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam.
How much is the Indiana real estate exam?
The Indiana state exam costs $61 and to activate your license costs $60. Pre-Licensing coursework pricing with The CE Shop starts at $489. After coursework, application, and activation fees, you will join a board of realtors and depending on the association you join it could be up to $1,500.
Who chooses the chairman of the real estate commission Indiana?
There are 12 Members on the Indiana Real Estate Commission (IREC), all are appointed by the Governor to 4-year terms. (They are considered Political Appointees) The Governor may appoint and/or reappoint as needed. Commission members must be residents of the State and may not hold any elected State or Federal office.
Who is responsible for the cost of mediation quizlet?
the prevailing party all reasonable costs and expense. Do not confuse litigation and arbitration with mediation. Litigation and arbitration is binding and the prevailing party will be awarded costs and expense from the losing party.
What documents must the broker retain a copy in the files?
Under California Business & Professions Code §10148, “A licensed real estate broker shall retain for three years copies of all listings, deposit receipts, canceled checks, trust records, and other documents executed by him or her or obtained by him or her in connection with any transactions for which a real estate …