IDAHO REAL ESTATE CORE 2027 MAIN ANSWERS
AND QUESTIONS SET A+
✔✔Where is the confirmation of an agency relationship contained
A. Agency Disclosure Brochure
B. Purchase and Sales Agreement
C. Buyer representation agreement
D. Seller representation agreement - ✔✔B. Purchase and Sales Agreement
✔✔When a buyer signs a representation agreement, who is the client relationship with
A. The agent the buyer is working with
B. The real estate brokerage
C. Idaho Real Estate Commission
D. Idaho Association of Realtors - ✔✔B. The real estate brokerage
✔✔When can limited dual agency with assigned agents be used
A. Only with written consent of all clients in a transaction
B. Whenever the client desires
C. Is allowed at anytime
D. Only if Agency Disclosure Brochure states such relationship - ✔✔A. Only with written
consent of all clients in a transaction
✔✔A signed and dated record of a buyer or sellers receipt of the agency disclosure
brochure is kept by whom
A. Listing and selling agent
B. Selling brokerage
C. Each brokerage
D. Both the buyer and seller - ✔✔C. Each brokerage
✔✔Each party not represented by a brokerage is classified as
A. Single buyer or seller
B. Limited disclosed client
C. Client
, D. Customer - ✔✔D. Customer
✔✔Non agent refers to working with or assisting a buyer or seller as a
A. Limited disclosed customer
B. Client
C. Customer
D. Limited disclosed broker - ✔✔C. Customer
✔✔Who cannot act as an assigned limited dual agent
A. A listing or selling agent
B. A designated broker
C. An associate broker
D. A sales associate - ✔✔B. A designated broker
✔✔An agent is working with a buyer client who makes an offer on another company's
listing. The agent is practicing as
A. Limited dual agent
B. Single agency
C. Limited disclosed agent
D. Nonagent - ✔✔B. Single agency
✔✔The practice of real estate and representation in Idaho is based on
A. Statutory Law
B. Common Law
C. Fiduciary Law
D. Federal Law - ✔✔A. Statutory Law
✔✔An agent had a seller sign a representation agreement for 90 days with an
automatic 30 day extension if the property didn't sell within the 90 days. The agreement
is
A. Legal
B. Illegal
C. Acceptable
D. Prohibited - ✔✔D. Prohibited
✔✔A transaction closed and the agent represented the buyer as a client. When does
confidentiality terminate
A. When the agency confirmation signed
B. At closing or representation cancelled
C. Extends beyond termination until information becomes generally known in
community
D. Confidentiality never terminates unless agent changes brokerages - ✔✔C. Extends
beyond termination until information becomes generally known in community
AND QUESTIONS SET A+
✔✔Where is the confirmation of an agency relationship contained
A. Agency Disclosure Brochure
B. Purchase and Sales Agreement
C. Buyer representation agreement
D. Seller representation agreement - ✔✔B. Purchase and Sales Agreement
✔✔When a buyer signs a representation agreement, who is the client relationship with
A. The agent the buyer is working with
B. The real estate brokerage
C. Idaho Real Estate Commission
D. Idaho Association of Realtors - ✔✔B. The real estate brokerage
✔✔When can limited dual agency with assigned agents be used
A. Only with written consent of all clients in a transaction
B. Whenever the client desires
C. Is allowed at anytime
D. Only if Agency Disclosure Brochure states such relationship - ✔✔A. Only with written
consent of all clients in a transaction
✔✔A signed and dated record of a buyer or sellers receipt of the agency disclosure
brochure is kept by whom
A. Listing and selling agent
B. Selling brokerage
C. Each brokerage
D. Both the buyer and seller - ✔✔C. Each brokerage
✔✔Each party not represented by a brokerage is classified as
A. Single buyer or seller
B. Limited disclosed client
C. Client
, D. Customer - ✔✔D. Customer
✔✔Non agent refers to working with or assisting a buyer or seller as a
A. Limited disclosed customer
B. Client
C. Customer
D. Limited disclosed broker - ✔✔C. Customer
✔✔Who cannot act as an assigned limited dual agent
A. A listing or selling agent
B. A designated broker
C. An associate broker
D. A sales associate - ✔✔B. A designated broker
✔✔An agent is working with a buyer client who makes an offer on another company's
listing. The agent is practicing as
A. Limited dual agent
B. Single agency
C. Limited disclosed agent
D. Nonagent - ✔✔B. Single agency
✔✔The practice of real estate and representation in Idaho is based on
A. Statutory Law
B. Common Law
C. Fiduciary Law
D. Federal Law - ✔✔A. Statutory Law
✔✔An agent had a seller sign a representation agreement for 90 days with an
automatic 30 day extension if the property didn't sell within the 90 days. The agreement
is
A. Legal
B. Illegal
C. Acceptable
D. Prohibited - ✔✔D. Prohibited
✔✔A transaction closed and the agent represented the buyer as a client. When does
confidentiality terminate
A. When the agency confirmation signed
B. At closing or representation cancelled
C. Extends beyond termination until information becomes generally known in
community
D. Confidentiality never terminates unless agent changes brokerages - ✔✔C. Extends
beyond termination until information becomes generally known in community
