What must all Indiana real estate transactions comply with?

In Indiana, all real estate transactions must comply with the Indiana Real Estate Commission statutes. The Commission provides a framework of laws and regulations that govern the practice of real estate in the state. This includes licensing requirements, standards of conduct for real estate professionals, and specific rules regarding various real estate practices. Adhering to these statutes ensures that transactions are conducted fairly, ethically, and legally within Indiana.

Federal laws do play a role in real estate, particularly regarding issues such as fair housing and other nationwide regulations, but they do not supersede the state-specific statutes that apply directly to real estate transactions in Indiana. Industry best practices, while important for maintaining professionalism and competent service, are not legally enforceable requirements. Similarly, state regulations from other states do not govern real estate transactions in Indiana, as each state has its own set of laws and regulations that must be followed.