How are members of the Indiana real estate Commission selected?
(c) Each member of the commission shall be appointed by the governor under IC 25-1-6.5. (d) A member of the commission may not hold a state or federal elective office.
Who or what established the Indiana real estate Commission?
Formed by the Indiana Legislature, the Indiana Real Estate Commission (IREC) has the legal authority to license and regulate real estate licensees. The rules and regulations created by IREC carry the force of law.
What’s not true about the Indiana real estate Commission?
What’s NOT true about the Indiana Real Estate Commission? It exists to protect the rights and interests of licensed real estate professionals. It has the authority to file suit against a licensee in circuit or superior court.
How many times can you take the Indiana real estate exam?
You are allowed three attempts to pass both the national and state law portions of the exam. If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam.
How much is the Indiana real estate exam?
The Indiana state exam costs $61 and to activate your license costs $60. Pre-Licensing coursework pricing with The CE Shop starts at $489. After coursework, application, and activation fees, you will join a board of realtors and depending on the association you join it could be up to $1,500.
Who of the following do not require a real estate license?
A real estate investor may, or may not need to have a real estate license. If an investor is buying and selling their own properties, they don’t need a real estate license. Anyone can buy and sell their own property without representation, and without a license.
Which of the following is permitted activity for an unlicensed assistant in Indiana?
Which of the following is permitted activity for an unlicensed assistant in Indiana? representing more than one principal of Managing Broker at a time. suspend the license until the find is reimbursed with interest.
Can I take real estate state exam online?
Take your Florida Real Estate exam conveniently from home through OnVUE online proctoring. A live proctor will monitor you through the webcam on your workstation to provide a secure exam experience.
Which of the following is an act an unlicensed associate Cannot legally perform?
The unlicensed associate cannot represent him/herself as being a licensed broker or as someone who can legally engage in buying, selling, exchanging, renting, leasing, managing, auctioning, or dealing with options on any real estate for others.
Which of the following is a requirement for obtaining a real estate license in Indiana?
What requirements must I meet to apply for a real estate license? You must be at least 18 years of age, have a high school diploma or GED, complete an approved 90 hour real estate pre-licensing course, and pass the licensing examination.
Is the Indiana real estate exam hard?
The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.
Can you use a calculator on the Indiana real estate exam?
Calculators are usually required to be silent, battery-powered, and nonprogrammable. In general, anything that can carry text won’t be permitted. Those of you who have a calculator feature built into your cell phones may not be permitted to use them.