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Practice Of Real EstateCommissionMEDIUM

Which Indiana rule applies when the general powers and duties of the Commission are tested?

Correct Answer

B) The Commission may administer and enforce the Indiana real estate broker article

IC 25-34.1-2-5 gives the Commission authority to administer and enforce the real estate broker article. 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 parties can waive the Commission requirement by private contract.
B
The Commission may administer and enforce the Indiana real estate broker article
C
The rule is controlled only by a brokerage office policy.
D
The issue belongs only on the national portion and is not part of the Indiana state outline.

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Related Topics & Key Terms

Related Topics:

in.Icommission

Key Terms:

indianain.Icommissionadminister-enforce

Related Concepts

Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.

Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

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