About This Chapter
Indiana Real Estate Law - Chapter Summary
In this chapter you'll find a complete examination of Indiana real estate law. Gain greater insight into real estate listing agreements, advertising, appraisals, broker responsibilities, and much more for the state of Indiana. After finishing this chapter, you will have the knowledge to do the following:
- List requirements for Indiana real estate advertising, commissions, listing agreements, and offers
- Explain the purpose and claim process for the Indiana Real Estate Recovery Fund
- Share the guidelines and requirements for Indiana real estate appraisals
- Outline components of the Indiana Residential Sales Disclosure form
- Define psychologically affected property disclosure in Indiana real estate
- Detail the rules of Indiana real estate agency relationships
- Discuss the duties of Indiana real estate brokers
- Describe the rules and statutes of Indiana real estate licensee conduct
While progressing through the lessons, gauge your grasp of key concepts and determine which topics need additional study time by taking accompanying multiple-choice quizzes. To quickly return to specific lessons, be sure to visit the dashboard where you can also send lesson topic questions to our subject-matter experts. If you're interested in studying while away from your computer, enjoy the ability to access our study materials using your smartphone or tablet. To confirm your overall understanding of this chapter, feel free to take our comprehensive practice test.
1. Requirements for Indiana Real Estate Advertising & Commissions
Real estate agents must understand and abide by advertising and commission regulations to ensure their license is protected and their clients are fairly represented. Some of these regulations are outlined in this lesson.
2. Requirements for Indiana Real Estate Listing Agreements & Offers
You will fill out many forms as a real estate agent, but some of the most important documents are the listing agreement and written offers. Learn the requirements for these documents.
3. Indiana Real Estate Recovery Fund: Purpose & Claim Process
The Indiana Real Estate Recovery Fund was established to protect consumers from cash losses due to unlawful practices by real estate licensees. This lesson will look at the Recovery Fund, including its purpose and the process for filing a claim.
4. Indiana Real Estate Appraisal: Guidelines, Requirements & Oversight
There are state guidelines for property appraisers as well as educational requirements and federal oversight laws. This lesson will cover all three of those concepts.
5. Indiana Residential Sales Disclosure Form: Purpose & Components
The time has come to fill out the seller's residential real estate sales disclosure. This lesson explains the purpose of the form and what is contained within that the seller needs to complete.
6. Psychologically Affected Property Disclosure in Indiana Real Estate
Do you need to disclose that a crime happened? This lesson will define psychologically affected property and discuss the statutory, regulatory, and disclosures required by home owners and real estate licensees in Indiana.
7. Indiana Real Estate Agency Relationships: Rules & Disclosures
Not sure what type of agency you have with a client? Here are several types that are more frequently seen in real estate transactions, with descriptions of how each agency works with clients or other brokers.
8. Indiana Real Estate Brokers: Duties & Responsibilities
Your business is just getting off the ground and you're excited to be a new real estate broker. You want to fulfill your obligation and responsibilities. You can get started by understanding the key points of this lesson.
9. Indiana Real Estate Licensee Conduct: Rules, Statutes & Issues
Your role as a real estate agent involves various guidelines and requirements, as well as handling relationships with your managing broker. Learn what pitfalls to avoid and how to support your relationships to have success.
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Other chapters within the Indiana Real Estate Broker Exam Study Guide course
- Introduction to Real Property
- Public & Private Land-Use Control
- Estate Ownership, Rights & Interest
- Deeds & Property Transfers
- Property Titles
- Property Value & Appraisal
- Introduction to Real Estate Contracts
- Real Estate Agencies & Agency Relationships
- Listing Agreements & Property Management
- Fair Housing & Consumer Protection
- Risk Management in Real Estate
- Property Disclosures
- Introduction to Real Estate Financing
- Real Estate Lender Requirements
- Federal Real Estate Financing Regulations
- Closing & Settlement Real Estate Transactions
- Real Estate Investments
- Indiana Real Estate Commission & Licensing
- Real Estate Business Procedures
- Indiana Real Estate Broker Exam Study Guide Flashcards