For the Indiana broker state portion, a candidate asks who appoints Commission members. Which statement is correct?
Correct Answer
D) Commission members are appointed by the governor under Indiana law
IC 25-34.1-2-1 provides that each Commission member is appointed by the governor. 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
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Related Concepts
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.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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