Indiana Real Estate Exam | 160 Questions with 100% Correct Answers | Updated & Verified

Document Content and Description Below

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - ✔✔Broker, Broker The _____ can carry out ONLY those responsb... ilties assigned by employing ____. - ✔✔Salesperson, broker A salesperson can receive ______ ONLY from that broker. - ✔✔compensation A salesperson has _______ to make contracts with or ______ from any other party. - ✔✔no authority, receive compensation A brokers commission is specified in the ______ with the principal. - ✔✔contract Independent contractors must have .... - ✔✔1. Current real estate licenses 2. Licensee must have a written contract w/ broker ( Tax Reasons) 3. At least 90 % of the individuals income as a licensee must be based on sales production and NOT on # of hours worked. [Show More]

Last updated: 1 year ago

Preview 1 out of 17 pages