What must an Indiana licensee do when acting as an agent for a buyer in a real estate transaction?

Prepare for the Indiana Real Estate Broker Exam. Study with interactive quizzes featuring multiple choice questions, hints, and detailed explanations. Get exam ready today!

In Indiana, when acting as an agent for a buyer in a real estate transaction, the licensee is required to treat all sellers honestly. This aligns with the agent's duty to uphold ethical standards and to act fairly in all dealings. Honesty in transactions fosters trust and maintains the integrity of the real estate profession.

By treating sellers honestly, the agent upholds not only their obligations under agency law but also the ethical standards set forth by professional organizations. This includes providing accurate information, being upfront about the buyer's intentions, and not misleading the seller regarding the buyer's capacity or interest in the property.

The other choices do not align with the duties and ethical obligations of a buyer's agent. For example, negotiating terms on behalf of the seller would conflict with the agent’s primary responsibility to the buyer. Showing properties only owned by the buyer would be impractical, as it would limit the agent's ability to find suitable options for the buyer. Withholding information about other interested buyers could be seen as deceptive and would contradict the obligation to be honest and transparent in dealings with all parties involved.

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