Knowledge
- Identify the role, duties, and ethical responsibilities of licensed real estate brokers in Indiana.
- Explain the purpose, structure, and regulatory authority of the Indiana Real Estate Commission.
- Define and use key real estate terminology related to ownership, estates, interests, and land use rights.
- Describe Indiana laws governing agency relationships, disclosures, contracts, advertising, and trust accounts.
- Explain the essential components of real estate contracts, including purchase agreements, leases, listings, offers, and closing procedures.
- Describe common financing instruments, loan types, and lending regulations applicable to Indiana real estate transactions.
- Recognize principles of valuation and appraisal used to determine property value.
- Explain the duties and responsibilities of property managers and the disclosure requirements for sellers and brokers.
- Identify state and federal fair housing laws and professional standards of practice and ethics.
Skills
- Apply real estate principles and practices to analyze property ownership, contracts, and transaction procedures.
- Interpret and apply Indiana real estate law to ensure compliance with licensing, recordkeeping, and fiduciary responsibilities.
- Evaluate and prepare sample real estate documents, including listings, purchase agreements, and disclosures.
- Use financial and valuation concepts to assess property value and financing options.
- Demonstrate readiness for the Indiana Real Estate Broker Licensing Exam through application-based exercises and mock exams.
Attitudes
- Demonstrate ethical behavior and integrity in all aspects of real estate practice.
- Exhibit accountability and professionalism when representing clients and managing transactions.
- Show respect for diversity and equity by adhering to all fair housing and anti-discrimination laws.
- Commit to ongoing learning and compliance with Indiana's regulatory and professional standards.
