Indiana Real Estate Exam Prep

IN Salesperson Practice Exam

Our Indiana Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Indiana’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

You will receive the following with our real estate practice exams:

Instant Access
Risk Free Pass Guarantee
90-Day Access to Our Testing Materials
Quality Customer Support
Updated for 2018 Regulations

Give Me Access to Indiana Real Estate Exam Prep

90 Day Money Back Guarantee On Our Real Estate Exam Prep

Instant Results

Instant results on each question so you know your strength's and weaknesses!

Instant Results
Works on Any Device
Easy to Use

How Our System Works



Get Access to Real Estate Prep Guide	Study and Improve on Your Weak Areas	Pass Your Exam!

Get Access to Real Estate Prep Guide

Study and Improve on Your Weak Areas

Pass Your Exam!

Indiana License Requirements

You need to be 18 years of age
Must not have a conviction for any crime that would indicate the propensity to endanger the public.
The applicant needs to take the prescribed 90-hour prelicensure courses.
The applicant then must successfully pass the real estate exam within one year from completion of the courses. Salesperson applicants need to apply for their license within 120 days of passing the exam and pay the $35 license fee. The biannual renewal fee is also $35.

For more information on state requirements click here.

Indiana Sample Practice Real Estate Exam Questions and Answers

Indiana State Section

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Click on the button below to "Start" your practice exam now. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. You can always go back and retake any practice test. You can also go over your answers at any moment during the practice test by clicking "List" and picking one of the questions that interests you.

Start

Congratulations - you have completed Indiana State Section. You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

Does Indiana have homestead protection?

A	Yes
B	No

Question 2

The license law is administered by

A	Department of Real Estate
B	Commission for Real Estate
C	Indiana Real Estate Commission
D	Indiana Department of Real Estate

Question 3

Which of the following isn't part of a deed?

A	Habendum
B	Premises
C	acknowledgement
D	novation

Question 4

Whom is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 5

Which of the following is a landlord's option for a tenant not paying rent?

A	shutoff the gas
B	shut off the power
C	unlawful detainer action in court
D	lock the tenant out of the apartment

Question 6

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	Gradual subsidence of waters, leaving dry land
C	Net cash remaining to investor after sale of investment property
D	The estimated value that an asset will have at then end of it's useful life

Question 7

Does Indiana offer holographic wills?

A	Yes
B	No

Question 8

Which is not necessary for a valid contract?

A	due date
B	Offer
C	Legal object
D	acceptance

Question 9

In what circumstances, if any, can a broker in Indiana who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	None; the broker may only collect compensation from one party to a transaction
C	Only when both buyer and seller have legal representation
D	Only when both buyer and seller give informed consent to this arrangement

Question 10

Standing trees would be considered

A	Personal Property
B	Real property
C	Chattels
D	Emblements

Question 11

Which of the following would not put a sales person in jeopardy of losing their license in Indiana?

A	Being authorized to accept and excessive commission.
B	Depositing his/her clients escrow money into a personal account
C	Convicted of a felony
D	Placing an ad claiming to be a broker when they are not.

Question 12

What is a holographic will?

A	a standard boiler plate will.
B	a will that has been approved by each family member.
C	a will that displays in 3D
D	a will and testament that has been entirely handwritten and signed by the testator.

Question 13

Which of the following does not participate in reciprocity with Indiana?

A	Connecticut
B	New York
C	Georgia
D	Florida

Question 14

How often is Continuing Education due?

A	Every year
B	Every 3 years
C	Every 2 years
D	Every 4 years

Question 15

How soon can a broker receive a commission check after a closing in Indiana?

A	After the transaction is completed and funded.
B	Once the offer sheet is signed.
C	Once the seller agrees to the price.
D	When the buyer moves in.

Question 16

Does Indiana have dower laws?

A	No
B	Yes

Question 17

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
B	The seller has agreed to pay 1% of the closing costs
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 18

How many hours of pre licensing courses is required when applying for your brokers license?

A	90
B	12
C	14
D	10

Question 19

Does Indiana allow reciprocity with other states?

A	Yes
B	No

Question 20

Is Indiana a community property state?

A	No
B	Yes

Question 21

Which tenancies does Indiana allow?

A	neither
B	joint tenancy
C	Tenancy by the entirery
D	both

Question 22

A Salesperson license fee is

A	$25
B	$50
C	$20
D	$35

Question 23

Which of the following is required for an applicant to receive a Real Estate License?

A	Must have a Bachelors degree
B	Must be 25 or older
C	Must have lived in the state for more than a year
D	Must sit and pass the required exam

Question 24

What term means "going to the state?"

A	escheat
B	Eminent Domain
C	Taxation
D	police power

Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results

There are 24 questions to complete.

List

Return

Shaded items are complete.

1	2	3	4	5
6	7	8	9	10
11	12	13	14	15
16	17	18	19	20
21	22	23	24	End