Indiana disclosure 2026

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The document outlines the office policy for sellers regarding real estate agency relationships in Indiana. It explains the agency relationship between licensees and sellers, detailing the duties owed by licensees to sellers and buyers. It includes information on limited agency situations, required duties of licensees, and the ethical standards that REALTORS® must adhere to. The document emphasizes the importance of informed consent from sellers regarding limited agency and highlights the fiduciary duties of buyer's agents.

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Click ‘Get Form’ to open the Indiana Disclosure in the editor.
Begin by filling in the date at the top of the form. This is essential for establishing a timeline for your transaction.
In the section regarding Consumer Agency Disclosure, ensure you clearly indicate whether there is a written agreement that alters the agency relationship. If applicable, provide details about your Licensee.
Next, review and complete the Limited Agency Disclosure/Authorization section. Here, you must acknowledge any potential conflicts of interest if your Licensee represents both Buyer and Seller.
Proceed to Required Duties Disclosure. Fill in your responses regarding how you expect your Licensee to perform their duties throughout the transaction.
Finally, sign and print your name at the bottom of the form. Ensure all parties involved have signed where necessary.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is an Indiana sales disclosure form?

Indiana state law (IC 6-1.1-5.5) requires the filing of a sales disclosure form (SDF) whenever real property is sold. These data are used by assessors in the determination of the annual market-based adjustments of assessed property values.

How much is a sales disclosure in Indiana?

By Indiana state law, a county assessor must review a sales disclosure form (SDF) for any transfer of a real property interest for valuable consideration, per IC 6-1.1-5.5-1. This sales disclosure filing fee is $20 in every county in the state of Indiana.

What is a mandatory disclosure form?

A Mandatory Disclosure Form is basically a summary of a rental propertys current condition, with a list of all known property defects, says Savage. Its compiled by the landlord, to the best of their knowledge. It must be completed and supplied to a rental agent at the time of signing the Mandate Agreement.

What is the new realtor law in Indiana?

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.

Is a sellers disclosure required in Indiana?

Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.

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What do you legally have to have to sell a house in Indiana?

Sellers in Indiana need to hire a title company or an escrow agent to close a sale. Indiana doesnt require sellers to have an attorney, but we recommend considering one. An attorney can also draw up your sales contract and ensure you comply with local laws. Attorneys in Indiana typically cost between $91 and $189.

Is it bad if there is no seller disclosure?

If a seller knowingly withholds information regarding a required seller disclosure, there may be legal consequences. A buyer could cancel the sale, or the seller could be legally liable. Sellers should be honest with any and all details they are required to disclose about the home.

Indiana disclosure 2026

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