IN Real Estate case studies
IN Real Estate · Put your knowledge to work in context.
The Indiana Real Estate Salesperson license is issued by the Indiana Professional Licensing Agency (PLA) and authorizes a person to provide real estate brokerage services in Indiana under a sponsoring broker. The licensing examination is one step in that process - pre-licensing education and the license application are handled separately through the PLA and its MyLicense One online services - and its purpose is to confirm that a candidate can apply real estate principles and Indiana-specific requirements correctly. The IN Real Estate case studies are 5 cases and about 4,465 words.
1Two Clients, One Office: Structuring the In-House Transaction
Priya's four-unit listing at 1428 Wabash Avenue is priced at 289,000 under an exclusive right-to-sell agreement with Meridian Realty. Her buyer, Dev, signed a written buyer-agency agreement with Meridian two weeks ago.
960 words, about 5 min2Grandfathered Duplex, New Zoning, and a 1991 Covenant
A 1.8-acre parcel on County Road 200 is improved with a duplex built in 1994, when the site was zoned R-3. In 2006 the city rezoned the corridor to R-1 single-family, and the duplex has operated continuously since, with both units rented.
815 words, about 4 min3The 80% or 90% Decision and a Short Cash Gap
Marcus and Elena are under contract at 415,000 with a 30-day closing and a financing contingency. They have 96,000 in a joint savings account, but 9,000 of it arrived as a wire from Elena's father last month with no paperwork.
846 words, about 4 min4Prorations, Prepaid Rent, and the Seller's Net
Closing is set for August 12 on a duplex that sold for 312,000. The seller's existing loan will pay off at 146,850.
865 words, about 4 min5The Unlicensed Assistant, the Finder's Fee, and the Cash Deposit
Dana, a licensee with Riverbend Realty, lists a 239,000 duplex. Her unlicensed assistant, Kyle, has been running Saturday open houses, emailing the pre-printed disclosure packet, telling callers 'the seller will probably take 225,000,' and texting a buyer's lender that the roof 'is only five years old - Dana checked.' Separately, Ron, an unlicensed investor who owns a strip center, offers Dana 1,200 to introduce him to a tenant she knows; he wants to pay her directly 'so her broker doesn't take a cut.' A loan officer who has sent Dana four buyers this year is about to close on his own home, and Dana wants to give him a 250 gift card.
979 words, about 5 min