876 Ind. Admin. Code 8-1-7

Current through December 12, 2024

Section 876 IAC 8-1-7 - Unlicensed assistants; functions; responsibility of broker

Authority: IC 25-34.1-2-5

Affected: IC 25-34.1-3-2

Sec. 7.

Brokers may not allow an unlicensed assistant to perform any act that would require licensure under IC 25-34.1-3-2, including the following functions:

(1) Prepare promotional materials or advertisements without the review and approval of the supervising broker.

(2) Show real property.

(3) Answer questions about listings other than those concerning list price, address, property features, or geographic directions.

(4) Discuss or explain a contract, listing, lease, agreement, or other real estate document with any person outside the broker's broker company.

(5) Conduct open houses.

(6) Conduct telemarketing or telephone canvassing to schedule appointments in order to seek listings.

(7) Negotiate or agree to any commission, commission split, management fee, or referral fee on behalf of a broker.

876 IAC 8-1-7

Filed 5/22/2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff 7/1/2014

Readopted filed 11/19/2020, 9:56 a.m.: 20201216-IR-876200513RFA

Readopted filed 3/21/2024, 4:07 p.m.: 20240417-IR-876230829RFA