Indiana Real Estate Law

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Commonly Asked Questions about Indiana Real Estate Law

What is the new law for realtors in Indiana?

What are the alcohol laws in Indiana on July 1st?

This law drops the age of those who can ring up alcohol sales to 18. A waiter, waitress, or server who is at least 18 years of age can serve alcoholic beverages in the dining room of a restaurant or hotel under certain conditions. New laws take effect in Indiana on July 1 - WLKY WLKY article new-laws-indiana-july-1 WLKY article new-laws-indiana-july-1

What do you have to disclose when selling a house in Indiana?

What Does Indianas Form Ask Home Sellers to Disclose? Using the standard Indiana form, sellers need to tell potential buyers about known defects in the house structure and major systems, as well as any defects in the included appliances, that the seller knows about.

Can you cancel a real estate contract in Indiana?

Under Indiana law, a sale is usually considered final immediately. However, occasionally there are exceptions. If you wish to cancel a contract that includes a right to cancel, you must cancel in the manner set forth in the notice of cancellation rights.

What are the new laws in Indiana in July 2024?

Senate Enrolled Act 181 fights illegal immigration thats increasing drug trafficking and violent crime in non-border states like Indiana. SEA 181 strengthens Indianas ban on sanctuary cities that refuse to enforce laws against illegal immigration. New Laws Going Into Effect July 1, 2024 Indiana Senate Republicans new-laws-g Indiana Senate Republicans new-laws-g

What are the new realtor laws in Indiana?

The main change affecting buyers, which became law in Indiana July 1 after state legislators passed House Enrolled Act 1068, is that they must sign a written contract with a real estate agent before touring any home. The agreement must include an end date, the law states. What National Association of Realtors settlement - IndyStar IndyStar real-estate 2024/08/16 IndyStar real-estate 2024/08/16

What is the real estate law in Indiana July 1 2024?

Effective July 1, 2024, Indiana law now requires all buyers to sign a written Buyer Agency Contract with a Realtor before that Realtor provides any agency services, particularly writing a purchase agreement on a property.

Can I sell my house without a realtor in Indiana?

Yes, you can! Just sell your house by owner in Indiana, like 10% of all home sellers. FSBO saves you more than just moneyit saves you time too. 77% of FSBO homes sold within 2 weeks compared to the 4-12 weeks with an agent. How to Sell a House By Owner in Indiana 2024 Houzeo blog how-to-sell-a-house-b Houzeo blog how-to-sell-a-house-b