Indiana Real Estate Salesperson & Broker State License Examination ExamFOCUS Study Notes & Review Questions 2014

In Indiana, it is the Indiana Real Estate Commission of the PLA that administers broker licensing. Exams, however, are handled through PSI. A lot of topics are covered by the exam but we choose to focus on the legal & regulatory topics here. Throughout the book we try to use the term “real estate agent” instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers. In fact, in many states the term agent and salesperson are often used interchangeably. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.