Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 876. INDIANA REAL ESTATE COMMISSION |
Article 876IAC8. OPERATION OF BROKER COMPANIES AND OTHER PROVISIONS CONCERNING REAL ESTATE PRACTICE |
Rule 876IAC8-2. Listing Agreements, Offers to Purchase and Other Provisions Concerning Real Estate Practice |
Section 876IAC8-2-3. Closing statements
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Every listing and selling broker shall deliver to the broker's client in every real estate transaction at the time such transaction is consummated, a complete detailed closing statement showing all of the receipts and disbursements handled by such broker. The listing and selling broker shall retain copies of such statements for at least five (5) years. (Indiana Real Estate Commission; 876 IAC 8-2-3; filed May 22, 2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff Jul 1, 2014)