Indiana § 25-34.1-10-12.5 Representations by licensees

Indiana Statutes

§ 25-34.1-10-12.5 — Representations by licensees

Indiana § 25-34.1-10-12.5

Title 25PROFESSIONS AND OCCUPATIONS

Art. 34.1REAL ESTATE BROKERS AND

Ch. 10Real Estate Agency Relationships

This text of Indiana § 25-34.1-10-12.5 (Representations by licensees) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 25-34.1-10-12.5 (2026).

Text

5.

(a)An individual licensee affiliated with a broker company represents only the client with which the licensee is working in an in-house agency relationship. A client represented by an individual licensee affiliated with a broker company is represented only by that licensee to the exclusion of all other licensees. A managing broker does not represent any party in such transactions unless the managing broker has an agency relationship to personally represent a client.

(b)A licensee who personally represents both the seller and buyer or both the landlord and tenant in a real estate transaction is a limited agent and is required to comply with the provisions of this chapter governing limited agents.

(c)A licensee representing a client in an in-house agency relationship owes the client du

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5. (a) An individual licensee affiliated
with a broker company represents only the client with which the
licensee is working in an in-house agency relationship. A client
represented by an individual licensee affiliated with a broker company
is represented only by that licensee to the exclusion of all other
licensees. A managing broker does not represent any party in such
transactions unless the managing broker has an agency relationship to
personally represent a client.
(b) A licensee who personally represents both the seller and buyer
or both the landlord and tenant in a real estate transaction is a limited
agent and is required to comply with the provisions of this chapter
governing limited agents.
(c) A licensee representing a client in an in-house agency
relationship owes the client duties and obligations set forth in this
chapter and shall not disclose material or confidential information
obtained from the client to other licensees, except to the managing
broker for the purpose of seeking advice or assistance for the client's
benefit.
(d) A broker company, a managing broker, and any affiliated
licensee shall take reasonable and necessary care to protect any
material or confidential information disclosed by a client to the client's
in-house agent.
(e) In all in-house agency relationships, a broker company, a
managing broker, and an individual licensee possess only actual
knowledge and information. There is no imputation of agency,
knowledge, or information among or between clients, the broker
company, the managing broker, and licensees. Information contained
in records of prior transactions maintained by the broker company
concerning any existing or previous adverse material facts or risks with
respect to real property may not be imputed to a broker or affiliated
licensee unless the broker or affiliated licensee had actual knowledge
of any adverse material facts or risks with respect to the real property.
A person may not bring a cause of action against a broker or licensee
for failure to disclose adverse material facts or risks if the cause of
action is based on imputed knowledge of the adverse material facts or
risks.