876 IAC 8-2-4 - Attendance at closings
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
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