AgencyAgency_disclosure_form_requirementsEASY
Tom is a licensed Indiana broker working under Managing Broker Linda. Tom shows a home to a buyer client and provides the Indiana Agency Disclosure Form (State Form 46234). The buyer signs the form. Under Indiana law, who is responsible for retaining the signed disclosure form?
Correct Answer
C) The managing broker or the brokerage firm, as the responsible supervising entity
Under IC 25-34.1-10 and IREC regulations, the signed Agency Disclosure Form must be retained by the managing broker or the brokerage firm. In Indiana's two-tier license structure, the managing broker is responsible for supervision, record-keeping, and maintaining required transaction documents on behalf of the firm.
Answer Options
A
The buyer, who must keep the original signed form for their personal recordsB
Tom, who must personally store the form in his home office filesC
The managing broker or the brokerage firm, as the responsible supervising entityD
The Indiana Real Estate Commission, which must receive a copy within 30 daysWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Agency Question
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Background Knowledge for Agency
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Real World Application in Agency
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Related Topics & Key Terms
Key Terms:
agency_disclosurerecord_retentionmanaging_brokerbrokerage_responsibility
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