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Terms Used In Indiana Code 25-34.1-10-5

  • agency relationship: means a relationship in which a licensee represents a client in a real estate transaction. See Indiana Code 25-34.1-10-0.5
  • 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
  • Person: means an individual, a partnership, a corporation, or a limited liability company. See Indiana Code 25-34.1-1-2
   Sec. 5. As used in this chapter, “client” means a person who has entered into an agency relationship with a licensee.

As added by P.L.128-1994, SEC.6. Amended by P.L.130-1999, SEC.5.