A managing broker reviews the Commission needs forms and rules for licensing administration. Which answer follows Indiana law?
Correct Answer
A) The Commission may adopt rules and prescribe forms necessary or appropriate for administration and enforcement
IC 25-34.1-2-5 authorizes rules and forms for administration and enforcement. Source basis: Indiana PLA Real Estate Home official Statutes & Rules page links IGA Title 25 Article 34.1; IC 25-34.1-2-1 creates the Indiana Real Estate Commission and IC 25-34.1-2-5 states commission powers; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
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