Chapter 1 Definitions and General Provisions
Chapter 2 Creation of Commission
Chapter 3 Licensing
Chapter 4 Principal Brokers
Chapter 5 Educational Courses
Chapter 6 Enforcement
Chapter 7 Real Estate Recovery Fund
Chapter 8 Real Estate Appraiser Licensure and Certification Board
Chapter 9 Continuing Education
Chapter 10 Real Estate Agency Relationships
Chapter 11 Appraisal Management Companies

Terms Used In Indiana Code > Title 25 > Article 34.1

  • agency relationship: means a relationship in which a licensee represents a client in a real estate transaction. See Indiana Code 25-34.1-10-0.5
  • appraisal: has the meaning set forth in Indiana Code 25-34.1-11-1
  • appraisal management company: means a person that, for compensation, acts as a third party intermediary by contracting with independent real estate appraisers to perform appraisals for other persons. See Indiana Code 25-34.1-11-2
  • appraisal management services: means any of the following functions:

    Indiana Code 25-34.1-11-3

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • board: refers to the real estate appraiser licensure and certification board established by Indiana Code 25-34.1-11-4
  • Board: refers to the real estate appraiser licensure and certification board established under Indiana Code 25-34.1-1-2
  • broker: means an individual or entity issued a broker's real estate license by the Indiana real estate commission. See Indiana Code 25-34.1-10-1
  • Broker: means a person who:

    Indiana Code 25-34.1-1-2

  • Broker company: means a licensee that is a business engaged in the activities described in Indiana Code 25-34.1-1-2
  • client: means a person who has entered into an agency relationship with a licensee. See Indiana Code 25-34.1-10-5
  • Commercial real estate: means a parcel of real estate other than real estate containing one (1) to four (4) residential units. See Indiana Code 25-34.1-1-2
  • Commission: means the Indiana real estate commission. See Indiana Code 25-34.1-1-2
  • commission: refers to the commission on Hispanic/Latino affairs established by section 2 of this chapter. See Indiana Code 4-23-28-1
  • council: refers to the real estate education advisory council established by this chapter. See Indiana Code 25-34.1-9-1
  • council: refers to the governor's council for people with disabilities established by section 7 of this chapter. See Indiana Code 4-23-29-3
  • Course approval: means approval of a broker course granted under this article which is not expired, suspended, or revoked. See Indiana Code 25-34.1-1-2
  • customer: means a person who is provided services in the ordinary course of business by a licensee but who is not a client. See Indiana Code 25-34.1-10-6
  • disability: means a physical or mental impairment that substantially limits one (1) or more major life activities. See Indiana Code 4-23-29-5
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • in-house agency relationship: means an agency relationship involving two (2) or more clients who are represented by different licensees within the same broker company. See Indiana Code 25-34.1-10-6.5
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • License: means a broker license issued under this article and which is not expired, suspended, or revoked. See Indiana Code 25-34.1-1-2
  • licensee: means an individual or entity issued a broker's real estate license by the Indiana real estate commission. See Indiana Code 25-34.1-10-6.8
  • Licensee: means a person who holds a license issued under this article. See Indiana Code 25-34.1-1-2
  • Licensing agency: means the Indiana professional licensing agency established by Indiana Code 25-34.1-1-2
  • limited agent: means a licensee who, with the written and informed consent of all parties to a real estate transaction, represents both the seller and buyer or both the landlord and tenant and whose duties and responsibilities to a client are only those set forth in this chapter. See Indiana Code 25-34.1-10-7
  • major life activity: includes the following:

    Indiana Code 4-23-29-6

  • Managing broker: refers to an individual broker whom the commission holds responsible for the actions of licensees who are affiliated with the broker company. See Indiana Code 25-34.1-1-2
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Out-of-state commercial broker: includes a person, a partnership, an association, a limited liability company, a limited liability partnership, or a corporation that is licensed to do business as a broker in a jurisdiction other than Indiana. See Indiana Code 25-34.1-1-2
  • Out-of-state commercial salesperson: includes a person affiliated with an out-of-state commercial broker who is not licensed as a broker under this article. See Indiana Code 25-34.1-1-2
  • Person: means an individual, a partnership, a corporation, or a limited liability company. See Indiana Code 25-34.1-1-2
  • person: means an individual engaged in a trade or business, an association, a partnership, a limited partnership, a limited liability company, a corporation, or a similar entity. See Indiana Code 25-34.1-11-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real estate: means any right, title, or interest in real property. See Indiana Code 25-34.1-1-2
  • real estate appraiser: means a person who:

    Indiana Code 25-34.1-11-6

  • real estate transaction: means the sale or lease of any legal or equitable interest in real estate. See Indiana Code 25-34.1-10-8
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • subagent: means a broker engaged to act for another broker in performing brokerage services for a client. See Indiana Code 25-34.1-10-9
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5