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Real Estate Salesperson Exam — National Portion

Supervision (IN): practice questions

Our Real Estate (National) bank has 9 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Indiana

How long must an individual have held an active broker license to become an Indiana managing broker?

  1. At least two years
  2. At least one year
  3. At least three years
  4. At least seven years
Show the answer

C. At least three years — IC 25-34.1-4-0.5(1) (as amended eff. July 1, 2025).

Question 2 · Indiana

Besides the experience requirement, what must an Indiana managing broker candidate complete?

  1. 16 hours of management courses and a surety bond of $10,000
  2. 24 hours of approved management courses and a written exam
  3. A 90-hour course and a year as an assistant to a managing broker
  4. 40 hours of management courses and an interview before the commission
Show the answer

B. 24 hours of approved management courses and a written exam — IC 25-34.1-4-0.5(2)-(3).

Question 3 · Indiana

Absent a written contract, what happens to listings a broker obtained when the broker leaves a broker company?

  1. They terminate and must be signed again by sellers
  2. They move with the departing broker automatically
  3. They are divided equally between broker and company
  4. They stay with the broker company as its property
Show the answer

D. They stay with the broker company as its property — 876 IAC 8-1-6.

Question 4 · Indiana

When may a nonresident of Indiana serve as a managing broker?

  1. When none of the company's associated licensees are Indiana residents
  2. When the broker company's trust account is kept at an Indiana-chartered bank
  3. Never; every managing broker must live in Indiana, without any exception
  4. When the person has held an Indiana broker license for at least ten years
Show the answer

A. When none of the company's associated licensees are Indiana residents — IC 25-34.1-4-3.

Question 5 · Indiana

After the sole proprietor of a broker company dies, an associated broker may finish business already contracted for up to how many days?

  1. 30
  2. 60
  3. 90
  4. 180
Show the answer

C. 90 — IC 25-34.1-4-6(a).

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