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Idaho state real estate test Questions and Answers 2024
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Idaho state real estate test
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Idaho state real estate testIn Idaho, a written notice is required before rent can be increased. On all periodic
tenancies, the written notice must be given prior to the date the rent increase is to
become effective and at least how many days before the end of the term? - answerThe
landlord must give 15 days' written notice on all periodic tenancies.
A landlord has had a substantial increase in property taxes. The written lease
agreement is for six months. There are four months left on the lease term. Which of the
following statements is true regarding the landlord's ability to raise the rent? -
answerWhen the lease agreement, either oral or written, specifies the amount of the
rent for a set time
period, the rent cannot be increased during the period.
In Idaho, if a monthly rental payment is made more than ten days after the due date,
how much must the tenant forfeit from his or her security deposit? - answerIn Idaho,
security deposits cannot be used for rent unless specified in the lease agreement.
A tenant skips out on his last scheduled monthly payment on a one-year lease. The
landlord may - answerThe landlord may sue the tenant for the back rent.
When a tenant leaves property of value behind after vacating the premises and owes
the landlord rent, all of the following statements are true EXCEPT that - answerIdaho
law does not provide for a landlord's lien on property that belongs to a tenant. If a
tenant leaves property of value behind after vacating the premises, the landlord has no
legal right to immediately dispose of the property. Rather, the landlord has an obligation
to reasonably safeguard the property and can dispose of it in accordance with the
abandoned or unclaimed property laws of Idaho.
Which of the following statements regarding security deposits is true? - answerUnless
there have been damages, the landlord must return the security deposit to the tenant
within 20 days of the end of the leas
A tenant is in default for failing to pay rent on time. In Idaho, how much written notice is
a landlord required to give the tenant prior to terminating the lease? - answerIf the
tenant does not pay past-due rent after the three-day notice, the landlord would have to
institute formal legal proceedings.
,When a landlord pursues formal legal eviction solely for the purpose of evicting a tenant
due to nonpayment of rent, the legal proceedings are referred to as a(n) - answerWhen
the landlord pursues formal legal eviction solely for the purpose of evicting a tenant
due to nonpayment of rent, the legal proceedings are referred to as a quick eviction
In Idaho, who must sign the written lease agreement in order for it to be valid? -
answerTo be valid, the written lease agreement must be signed by the landlord or
lessor. The tenant
or lessee does not need to sign the lease agreement, even though it is highly advisable.
Acceptance by the tenant will be implied by his or her action, such as paying rent or
taking possession of the property.
A lease agreement that is subject to the Floating Homes Residency Act may provide for
rent increases or decreases upon how many days' notice? - answerThe lease
agreement may provide for rent increases or decreases upon 90 days' notice.
During a crime wave, a tenant decides to install a burglar alarm in a rented house. Does
the tenant need to inform the landlord? - answerThe tenant must notify the landlord and
supply instructions and passwords.
A lease agreement under the Mobile (Manufactured) Home Park Landlord- Tenant Act
is automatically renewed unless the landlord gives the tenant at least how many days
written notice of intent not to renew the lease agreement - answerThe landlord must
give the tenant 90-day written notice of intent not to renew the lease.
After the lease terminates, a tenant is entitled to the return of his or her security deposit
- answerThe security deposit must be returned within 20 days.
In Idaho, the local official who records all documents and maintains the grantor/grantee
index is the - answerThe county recorder records all documents and maintains the
grantor/grantee index.
To be eligible for recording in Idaho, a document must be - answerThe document must
be acknowledged and notarized to be able to be recorded. Idaho law
makes no special provisions for documents written in a foreign language, so any
document in a foreign language can be recorded.
The county will give notice in the local newspaper and issue to itself a deed to the
property when property taxes are past due for - answerIf property taxes are delinquent
for three years, the county will deed the property to itself and
sell at a public
A homeowner is in default on his mortgage and is being foreclosed on. The lender must
institute foreclosure proceedings under the - answerWhen mortgagors default, lenders
must institute foreclosure proceedings under the one-action
, In Idaho, if an owner defaults on his or her mortgage loan and the property is ordered
sold at a foreclosure sale, the owner may stop the foreclosure sale and redeem the
property - answerThe homeowner has the right of equity of redemption which allows
him to redeem the
property before the sheriffs sale.
Owners default on their trust deed or deed of trust loan so the trustee sets the sale date.
In Idaho, the owners may reinstate the loan and stop the foreclosure sale if they pay all
back payments and costs within how many days of the formal notice of default being
recorded? - answerBy statute, the sale is set a minimum of 120 days after the formal
notice of default is
recorded. The trustor may stop foreclosure and reinstate the loan if done within 115
days from the date the formal notice of default is recorded.
On property of 20 acres or less, how long is the defaulted borrower's or trustor's
redemption period after the trustee sells a deed of trust? - answerThere is no
redemption period after a foreclosure sale.
According to Idaho statutes, an actual appraisal of taxable real properties should be
done how often? - answerThe appraiser must appraise all properties during a five-year
period. In order to promote
uniform assessment of all properties, taxable property shall be either appraised or
indexed annually to reflect current market value. In order to achieve this goal at a
reasonable cost to taxpayers, a minimum of 20 percent of the taxable properties in the
county shall be included in each year's appraisals, with the other 80% being indexed.
General real estate taxes apply to which of the following? - answerA disabled veteran
would have to pay tax on his or her house.
In Idaho, real estate taxes become a lien on the property on - answerTaxes become a
lien on the property on January 1 of each year.
In order to pay the current year's real estate taxes in one payment without having to pay
a penalty and interest on the taxes, the taxes must be paid by - answerTaxes must be
paid by December 20 of the current year to avoid penalties and interest on the
taxes.
In Idaho, a property owner can pay the current year's real estate tax in two equal
installments. The second half payment must be made by - answerThe second half
payment must be made by June 20 of the following year or penalties will be
Property taxes in Idaho become delinquent on - answerIf unpaid, property taxes
become delinquent on December 21 and June 21.
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