Indiana Real Estate Practice Exam
A free practice test for the Indiana salesperson exam, for the weeks before your test date, with an explanation on every answer.
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Under IC 25-34.1-10-13, what must the written office policy on agency developed by an Indiana managing broker do?
This practice exam is a study aid, not the real exam. Our questions are written by us to match the published content outline. They are not actual exam questions, no score here predicts a pass, and this site is not affiliated with, endorsed by, or sponsored by PSI, Pearson VUE, ARELLO, any state real estate commission, or any government agency. Your state commission and your candidate handbook are the only authoritative sources.
Indiana real estate exam at a glance
| National questions | 80 scoredsource |
|---|---|
| State-law questions | 50 scoredsource |
| Passing score | 75%source |
| Time limit | 4 hourssource |
| Exam fee | $55.00 per attemptsource |
| Test provider | Pearson VUEsource |
| Pre-licence education | 90 hourssource |
Figures verified against official sources on . Exam fees and rules change. Check the linked source before you book.
10 sample questions, with answers explained
Every question above with its correct answer and the reasoning behind it. Read the explanations for the ones you answered correctly too. A lucky guess and knowing the rule look identical on a score report. These are sample questions from our larger bank.
1. Under IC 25-34.1-10-13, what must the written office policy on agency developed by an Indiana managing broker do?
Why: IC 25-34.1-10-13(a) requires the managing broker to develop and enforce a written office policy that identifies the agency relationships a licensee may have and specifically permits or rejects disclosed limited agency. The policy is disclosed at the start of the relationship, not after a contract, and subagency is prohibited by IC 25-34.1-10-17.
2. Outside an applicable exemption, what annual and cycle CE minimums apply to an Indiana broker?
Why: Under IC 25-34.1-9-11(a), Indiana brokers must complete at least 12 hours of continuing education per year and at least 36 hours per 3-year renewal cycle.
3. In which of these Indiana transfers must the owner provide the seller's residential real estate sales disclosure form?
Why: IC 32-21-5-1 applies the disclosure requirement to sales, exchanges, installment contracts and leases with option to buy of residential real estate with not more than 4 dwelling units, so a duplex sale is covered. Court-ordered transfers such as foreclosure sales, transfers between co-owners, and the first sale of a dwelling that has not been inhabited are exempt.
4. Without the seller's informed written consent, which of these may an Indiana seller's agent NOT disclose to a prospective buyer?
Why: IC 25-34.1-10-10(b) bars a seller's agent from disclosing, without the seller's informed written consent, that the seller will accept less than the listed price, what motivates the seller, or other material confidential information. Known adverse physical facts that a reasonable inspection would not reveal must be disclosed to the buyer under IC 25-34.1-10-10(d).
5. An Indiana broker company may earn money for referring a client to another company. What must it disclose?
Why: Under IC 25-34.1-10-18, a broker company that refers a client or customer to another broker company must disclose in writing, at the time of referral, if it may be compensated for the referral.
6. An Indiana broker holds an inactive license. Which statement correctly combines practice, CE and fee duties?
Why: Under IC 25-34.1-3-10(c), an Indiana broker with an inactive license may not perform acts requiring a license, is not required to complete continuing education, but must still pay licensee fees.
7. Where must an Indiana broker license be displayed under Indiana law?
Why: Under IC 25-34.1-3-4.1(f), the Indiana broker license must be displayed at the broker's place of business, and an individual cannot be a managing broker for at least 2 years after the license is issued.
8. A broker associated with Maple Realty in Indiana orders business cards and yard signs that carry her own name. Which rule applies to them?
Why: Under 876 IAC 8-1-8(a), any display or classified ad, sign, Internet ad or business card that carries a broker's name must contain the name of the associated broker company, clearly visible, and all advertising must be under the direct supervision and in the name of the broker company. The rule is not limited to electronic media.
9. Which task may an unlicensed assistant to an Indiana broker perform?
Why: 876 IAC 8-1-7 bars unlicensed assistants from showing property, conducting open houses, cold-calling for listings, explaining contracts to outsiders and negotiating any commission or referral fee. It allows them to answer questions about a listing only as to list price, address, property features or geographic directions.
10. When may an Indiana managing broker be a nonresident under the Indiana residency exception?
Why: Under IC 25-34.1-4-3, an Indiana managing broker must be an Indiana resident, unless none of the licensees associated with the broker company are Indiana residents.