Indiana Code 25-34.1-10-7. “Limited agent”
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Terms Used In Indiana Code 25-34.1-10-7
- 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. 7. As used in this chapter, “limited agent” means a licensee who, with the written and informed consent of all parties to a real estate transaction, represents both the seller and buyer or both the landlord and tenant and whose duties and responsibilities to a client are only those set forth in this chapter.
As added by P.L.128-1994, SEC.6. Amended by P.L.130-1999, SEC.9.