Which of the following does not fall under the exceptions to requiring a real estate license quizlet?
Which of the following does not fall under the exceptions to requiring a real estate license? simple majority of the current members (7) and is required to conduct official business.
Which of the following activities would require an Indiana real estate license?
Which of the following activities would require an Indiana real estate license? Full-time salaried employee of the owner who collects building rent on behalf of the owner. Company that offers Indiana real estate for sale in other states. Auctioneer that sells real estate at public auction.
Does a person who agrees to a commission for the sale of real estate require an Indiana real estate license?
No, because in Indiana, a real estate broker must have a permanent office in which his or her license is displayed.
Which of the following if any is exempt from the Colorado real estate license Law?
In Colorado, who of the following is exempt from real estate license law? Investor who owns 12 investment properties and sells one to an owner-occupant. … A licensee is always under the jurisdiction of the real estate commission. Acts of fraud may also require a broker to appear in civil or criminal court.
Which of the following does not fall under the exceptions to requiring an Indiana real estate license quizlet?
Which of the following does not fall under the exceptions to requiring a real estate license in Indiana? Real Estate Commission.
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.
Who chooses the chairman of the real estate commission Indiana?
There are 12 Members on the Indiana Real Estate Commission (IREC), all are appointed by the Governor to 4-year terms. (They are considered Political Appointees) The Governor may appoint and/or reappoint as needed. Commission members must be residents of the State and may not hold any elected State or Federal office.
Can you take the Indiana real estate exam online?
The Indiana Real Estate commission has announced the option of taking the licensing exam remotely instead of at a physical testing center location. PSI will still have in-person on site testing still available for those students who wish to take the exam in-person instead of online.
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.
What state has the hardest real estate exam?
Hardest States to get a Real Estate License
Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.
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.
What is the maximum amount that may be paid from the Indiana real estate Recovery Fund for each violation?
Payments from the Real Estate Inspection Recovery Fund may not exceed $12,500 per transaction, with a maximum of $30,000 per license holder for multiple transactions.