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Terms Used In Indiana Code 25-34.1-10-0.5

  • client: means a person who has entered into an agency relationship with a licensee. See Indiana Code 25-34.1-10-5
  • licensee: means an individual or entity issued a broker's real estate license by the Indiana real estate commission. See Indiana Code 25-34.1-10-6.8
  • real estate transaction: means the sale or lease of any legal or equitable interest in real estate. See Indiana Code 25-34.1-10-8
   Sec. 0.5. As used in this chapter, “agency relationship” means a relationship in which a licensee represents a client in a real estate transaction.

As added by P.L.130-1999, SEC.3.