Which individuals WOULD need a real estate license?

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!

An attorney acting as a broker is required to obtain a real estate license because they are providing brokerage services, which falls under the activities regulated by the Indiana Real Estate Commission. Even though attorneys have specific legal privileges, when they engage in real estate transactions as brokers, they must comply with the same licensing requirements that apply to non-attorney brokers.

Similarly, individuals receiving finder's fees are considered to be engaging in real estate activities that typically require a license. A finder's fee is a commission for referring buyers or sellers, which is seen as conducting brokerage activity. Therefore, both scenarios clearly indicate a need for licensure in the context of Indiana real estate law.

The other options present circumstances that either fall under exemptions from licensing requirements or do not involve activities that clearly necessitate a real estate license. For instance, a full-time employee of a builder may be conducting business related to real estate but might not need a license if they are performing duties strictly within the scope of employment and not acting as a broker. Similarly, neighbors showing property to friends is typically not considered a broker transaction, and unlicensed individuals assisting friends in non-commercial endeavors do not require licensing. It's essential to understand that the need for a real estate license generally aligns with the intent to engage

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