Which individual is subject to Indiana's real estate license law?

Prepare for the Indiana Real Estate Commission Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The individual who is helping sell a property in exchange for the use of a Florida time-share is subject to Indiana's real estate license law because they are engaging in a form of compensation for services related to real estate transactions. Indiana law typically requires that anyone who assists in the sale of real estate for compensation or valuable consideration must hold a real estate license. In this scenario, the individual is not merely providing assistance for free but is receiving a benefit (the time-share) in return for their efforts, which aligns with activities regulated by the Indiana Real Estate Commission.

In contrast, the other situations described do not involve compensation in a manner that falls under the requirement for licensure. For example, a neighbor selling a property for personal profit without agency representation does not require a license, nor does a friend giving general real estate advice. A licensed contractor rehabilitating properties is focused on construction and repair rather than buying or selling properties directly, thus avoiding the licensing requirement in the context of real estate transactions.

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