Which of the following is NOT considered 'incompetent practice'?

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!

Receiving commissions from both parties in a disclosed limited agency is not considered 'incompetent practice' because this action is permissible under Indiana real estate regulations as long as the agency relationship is adequately disclosed and both parties are informed of the arrangement. In a disclosed limited agency, the agent represents both the seller and the buyer but must maintain transparency about their fiduciary responsibilities and ensure that both clients consent to the dual representation and the potential for dual compensation.

This compliance with disclosure requirements is essential, as it upholds ethical standards and protects the interests of all parties involved. Therefore, this practice is aligned with professional conduct and does not constitute incompetence.

In contrast, the other choices involve actions that could potentially mislead clients or violate ethical standards, thus fitting the definition of incompetent practice.

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