REAL ESTATE IDAHO (MODULE 1)

Acting in the capacity of a broker or ____________ requires a license - Answer-Salesperson Failure to keep adequate _______________ is an IREC violation - Answer-Records The REALTORS is this type of Association - Answer-Trade This amount of CE elective credit hours are required every license cycle - Answer-Twelve The business of bringing parties together in a real estate deal - Answer-Broker Some ____________ in your personal circumstance must be reported to the IREC within 10 days - Answer-Changes This type of contract is illegal - Answer-Double This type of account in the broker's office is subject to audit by the IREC - Answer-Trust IREC can deny a license to anyone convicted of this - Answer-Felony This happens to your license if the Recovery Fund pays out for you - Answer-Suspension Your Insurance carrier must issue a ______________ of coverage for your files - Answer-Certificate The code of Ethics is administered by this group - Answer-NAR This type of license requires CE credit to renew - Answer-Active This County official determines market values - Answer-Assessor This pre-license course is good for how many years - Answer-Three An example of commercial real estate - Answer-Hotel