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Idaho real estate test Questions with Solutions
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Idaho real estate test
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Idaho real estate test(DPREC)
How many real estate commissioners are there and how long do they serve? - answer4
serving 4 year terms
(DPREC)
Which activity does not require a real estate license? - answerProperty management
(DPREC)
What is the maximum penalty for brokering a real estate deal without a license? -
answerup to $5,000 and a year in jail
(DPREC) Which organization monitors the code of ethics? - answerNAR (National
association of Realtors)
(DPREC) Which activity does IREC NOT have authority over? - answerTo force a
broker to complete a contractual obligation
(DPREC) Which of the following activities would be the real estate recovery fund NOT
pay out for? - answerDishonorable conduct
(DPREC) What are the liability limits of the real estate recover fund? - answer$10,000
per year per licensee
(DPREC) What is true of a licensee if the real estate recovery fund pays out for them? -
answerTheir license is suspended until the judgement is repaid
(DPREC) An un-licensed personal assistant can not do which activity? - answerVerbally
quote the price of a property to a buyer
(DPREC) What is required in all advertisements for listed properties? -
answerBrokerage company name
(DPREC) The Idaho Real Estate Commission may revoke a real estate license for -
answerMisrepresentation
(DPREC) If a licensee obtains an E&O policy from a private insurer and does not use
the state sponsored plan, what must they have in their files for IREC review? - answerA
certificate of coverage signed by a representative of the insurer
, (DPREC) The Idaho real estate commission does not have the enforcement power to -
answerHold hearing regarding "potential" Code of Ethics violations
(DPREC) In Idaho, the Idaho Real Estate License Law and Rules is administered by the
- answerIdaho Real Estate Commission
(DPREC) How are members of the Idaho Real Estate Commission appointed? -
answerBy the governor
(DPREC) The Idaho real estate commission consists of how many members? - answer4
(but actually 5 now)
(DPREC) The Idaho Real Estate Commission appoints an education council. How many
members are on the council? - answerSix
(DPREC) The Idaho Real Estate Commission has the power to - answerMake and
enforce any and all reasonable rules
(DPREC) The Idaho Real Estate Commission may investigate the action of any person
engaged in the business of real estate or acting in the capacity of a real estate broker or
salesperson within the state of Idaho for all of the following reason EXCEPT - answerAn
oral complaint called in to the commission by a disgruntled customer who doesn't leave
his or her name
(DPREC) In Idaho, Which of the following would NOT be grounds for revoking a brokers
license? - answerAgreeing with a seller to accept a listing for more than normal
commission
(DPREC) The Idaho Real estate commission has the power to revoke a salespersons
license if the salesperson - answerDeposits a buyers down payment in the
salespersons own bank account
(LR) How long is your pre-license course certificate good for? - answer3 years
(LR) How long is your passing state exam certificate good for? - answer1 year
(LR) How about fingerprints and background checks? - answer6 months
(LR) What are the continuing education minimum requirements? - answer12 elective
hours plus 2 different commission court courses every 2 years
(LR) Which of the following is not a requirements to obtain an active real estate
salesperson licensee in Idaho? - answerCopy of your birth certificate
(LR) What is a requirement to obtain and Idaho brokers license? - answerA ner
fingerprint background check
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