Idaho real estate Study guides, Class notes & Summaries

Protect the public and industry correct answers The primary purpose of the Idaho real estate commission is to: Idaho real estate commission correct answers Initial application for a real estate license is administrated by All licensees correct answers Where does the money come from to operate the Idaho real estate commission 4 correct answers The Idaho real estate commission consists of how many member commissioners Monthly correct answers The Idaho real estate generally meets: An...

Idaho Real Estate (State Test)

Idaho Real Estate Mod 1 & 2

Idaho Real Estate School: MOD 1 (2023/2024) Graded A What is an example of commercial real estate? A) A power plant B) a 12 plex apartment complex C) a hotel D) public schools C) a hotel How many real estate commissioners are there and how long do they serve? A) 2 serving 4 year terms B) 4 serving 5 year terms C) 5 serving 4 year terms D) 8 serving 4 year terms C) 5 serving 4 year terms Which activity does not require real estate license? A) property management B) listing homes for sa...

Idaho Real Estate School: MOD 2 (2023/2024) Rated A Appraisal Estimate or opinion of value based on the supportable evidence and approved methods. An appraiser is an independent person trained to provide an unbiased estimate of value. The appraisal value is the appraiser's opinion of that property's worth. Appraiser an independent person trained to provide an unbiased estimate of value. CMA (comparable market analysis) An analysis of probable value of real estate done by an individual other...

Idaho Real Estate(State Test) | Latest with complete solution | 2024/25

(DPREC) How many real estate commissioners are there and how long do they serve? - 4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have authority over? - To force a b...

Idaho Real Estate School (Module 1) Exam Test Questions With Revised Correct Answers Revised & Reviewed How many IREC core classes are required for a license renewal? - ANSWER 2 An independent E&O insurance policy must have an A.M. Best Rating of at least? - ANSWER B+ Licenses Renewal must be received no later than __________ of the expiration date at the Commissions office in Boise? - ANSWER 5 p.m. Mountain Time What is the Minimum pass rate score for t...

Idaho Real Estate School (Module 1) Exam Test Questions With Revised Correct Answers Revised & Reviewed 1) If a builder also has an active Idaho real estate license, what must they do when they sell their homes? A) disclose their licensee status on any purchase and sales agreement B) sign an agency representation agreement with their firm C) give themselves the blue agency disclosure brochure D) pay their firm a real estate commission for each closed sale - ANSWER ...

Appraisal - correct answer an estimate or opinion of value based on supportable evidence and approval methods CMA - Comparable Market Analysis - correct answer an analysis of probable value of real estate done by individual other than an appraiser BPO - Broker Price Opinion - correct answer an opinion of value of real estate value done by a licensee with a broker level license. can charge Elements of Value - correct answer 1) demand with purchasing power 2) utility 3) scarcity...