Indiana real estate administrative code requires that both listing and selling brokers attend in person real estate closings, or send a designated associate or another broker to do so.
The additional fee charged to list your property in Indiana is used to cover the expense of a licensed real estate professional to attend the closing. We will need a minimum 48 hours notice to schedule your closing.
If you ultimately sign at closing via mobile or electronic notary, we will reimburse you the $200 Indiana Surcharge after closing. We recommend remote closing whenever possible for convenience, speed, and accuracy – helping keep your closing process smooth and on track.
Title 876 (Indiana Real Estate Commission), Article 8 (Operation of Broker Companies and Other Provisions Concerning Real Estate Practice), and Rule 876 IAC 8-2 (Listing Agreements, Offers to Purchase and Other Provisions Concerning Real Estate Practice).
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.
