Indiana Real Estate Commission
The Indiana Real Estate Commission recently released an update to Indiana laws and regulations concerning 876 IAC 8-2-4 Attendance at closings. The revised code now states “Sec. 4.
(a) Except as provided for in subsections (b) through (d), the listing and selling broker shall attend all closings. Instead of attending, the listing and selling broker both may send an associated broker or designate another broker to act on the broker's behalf.
(b) This section shall not apply to closings of commercial property. For purposes of this subsection, "commercial property" shall refer to any property other than one (1) to four (4) family residential. (c) This section shall not apply if the broker is representing an institutional client such as a financial institution.
(d) This section shall not apply if the party represented by the broker or the party's authorized representative does not personally appear at the closing.” (Indiana Real Estate Commission, 876 IAC 8-2-4; filed May 22, 2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff Jul 1, 2014)
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