Who must approve the fee for a real estate licensee’s services?

The correct answer indicates that the Indiana Real Estate Commission must approve the fee for a real estate licensee's services. This is because the Commission is responsible for regulating the practices and conduct within the real estate industry in Indiana, including setting standards for licensing and overseeing permissible fees charged by real estate professionals. This oversight is designed to ensure fairness and transparency within the marketplace, protecting consumers and maintaining the integrity of the real estate profession.

In many cases, the Commission establishes guidelines that govern how fees should be structured and communicated to clients to prevent unethical practices, such as unfair pricing or lack of transparency regarding compensation. Therefore, approval from the Indiana Real Estate Commission is necessary to ensure compliance with state laws and regulations concerning real estate transactions.

The other choices, while they might seem relevant in certain contexts, do not hold the same authority as the Commission in this regard. The client is typically involved in negotiating fees, the managing broker oversees the agents but does not have regulatory authority over fee structures, and the state legislature is responsible for creating laws but does not directly control licensing fees.