876 IAC 8-2-4 - Attendance at closings

Current through March 30, 2022

Authority: IC 25-34.1-2-5; IC 25-34.1-2-5.1

Affected: IC 25-34.1-2-5

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.

Notes

876 IAC 8-2-4
Filed 5/22/2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff 7/1/2014 Readopted filed 11/19/2020, 9:56 a.m.: 20201216-IR-876200513RFA

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