The Indiana Real Estate Commission

Question 1

Acts as the front office for the regulatory commissions and boards of various State licensed professions

Answer 1

Indiana Professional Licensing Agency

Question 2

Licensee affiliated or associated with a managing broker (terms affiliated and associated are used interchangeably)

Answer 2

Affiliated licensee

Question 3

The minimum required to conduct official business

Answer 3

Quorum

Question 4

Provides enforcement and disciplinary measures for those who engage in dishonest, fraudulent, and criminal activities, or otherwise violate commission rules and regulations

Answer 4

Indiana Real Estate Commission

Question 5

A Licensee who works with both parties to a transaction (i.e Buyer & seller) and legally can do this only with written informed consent of all parties

Answer 5

Limited Agent

Question 6

A Licensee who works with both parties to a transaction (i.e Buyer & seller) and legally can do this only with written informed consent of all parties

Answer 6

Limited Agent