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Practice Of Real EstateCommissionMEDIUM

For the Indiana broker state portion, the creation of the Indiana Real Estate Commission is tested. Which statement is correct?

Correct Answer

A) The Indiana Real Estate Commission is created by Indiana Code

IC 25-34.1-2-1 creates the Indiana Real Estate Commission. 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.

Answer Options
A
The Indiana Real Estate Commission is created by Indiana Code
B
The rule is controlled only by a brokerage office policy.
C
The issue belongs only on the national portion and is not part of the Indiana state outline.
D
The parties can waive the Commission requirement by private contract.

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Related Topics & Key Terms

Related Topics:

in.Icommission

Key Terms:

indianain.Icommissioncommission-created

Related Concepts

Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.

The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.

Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.

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