§ 25-34.1-1-1 Short title
§ 25-34.1-1-2 Definitions
§ 25-34.1-1-3 Nonconflicting rules to remain in effect
§ 25-34.1-1-4 Term of license

Terms Used In Indiana Code > Title 25 > Article 34.1 > Chapter 1

  • Board: refers to the real estate appraiser licensure and certification board established under IC 25-34. See Indiana Code 25-34.1-1-2
  • 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 IC 25-34. See Indiana Code 25-34.1-1-2
  • Commission: means the Indiana real estate commission. See Indiana Code 25-34.1-1-2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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 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 IC 25-1-5-3. See Indiana Code 25-34.1-1-2
  • 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
  • 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
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual, a partnership, a corporation, or a limited liability company. See Indiana Code 25-34.1-1-2
  • Real estate: means any right, title, or interest in real property. See Indiana Code 25-34.1-1-2