IDAHO REAL ESTATE TIPS ALL CORE ANSWERS AND
QUESTIONS SET A+
✔✔Both customer and client - ✔✔Adverse material fact must be disclosed to
✔✔Sex - ✔✔The fair housing act protected classes include
✔✔National Association of realtors - ✔✔A code of ethics course is mandated by
✔✔One year - ✔✔The commission on human rights will hear alleged discrimination
complaints within what period of time
✔✔Some major cities in Idaho - ✔✔Where is sexual orientation and gender identity
approved as a protected class
✔✔Gather information - ✔✔What's the purpose of the first listing appointment
✔✔Recently sold - ✔✔What type of comparable properties are generally used as the
basis of a CMA
✔✔Brokerage business name - ✔✔What information must be included with all
advertising of listed properties
✔✔Seller - ✔✔The sellers property disclosure or must be completed by the
✔✔Annexation - ✔✔Sellers of newly constructed residential real property shall disclose
information regarding
✔✔Private - ✔✔Covenants, conditions, and restrictions CCR's impose what kind of
restrictions
✔✔At first substantial business contact - ✔✔When was the agency disclosure brochure
be given to a prospective seller
,✔✔Six - ✔✔A listing packet or property profile from a title company cannot contain more
than how many items
✔✔1 to 4 dwelling units - ✔✔A seller property disclosure form definition of "residential
real property" is
✔✔Be in writing - ✔✔Brokerage representation agreements must
✔✔Not discourage any party from seeking advice from an attorney - ✔✔In the subject
area of legal opinions, rule 303 states a broker or sales associate shall
✔✔1 year - ✔✔Leases must be in writing if they are longer than
✔✔Six months - ✔✔What's the maximum time a real estate sales person can be in
prison for unauthorized practice of law
✔✔Purchase and sale agreement - ✔✔Representation confirmation and
acknowledgment must be included with
✔✔Voids the original offer - ✔✔What does a counter offer do to the original offer
✔✔Marked and dated as rejected - ✔✔All rejected offers must be
✔✔Prohibited - ✔✔The use of a double contract is
✔✔Immediately - ✔✔When does the earnest money needs to be delivered to the broker
or brokers office
✔✔Broker or brokers office - ✔✔Who is responsible for record-keeping of earnest
money transferred to a third-party
✔✔July 1 - ✔✔Unless there's an emergency bill when do legislative law changes take
place
✔✔Brokers office - ✔✔When earnest money is received, it should be delivered to
✔✔Both purchase and sale agreement and ledger card - ✔✔If earnest money is
returned before deposit where must a written and dated notation must be placed
✔✔Three times all charges for title insurance - ✔✔What's the penalty to the seller who
requires the buyer to use a particular title insurance company against the buyers choice
for a federally related mortgage
, ✔✔Within 10 days of execution of a contract - ✔✔When is the sellers property
disclosure form required to be delivered to the buyer
✔✔Prior to entering into a contract - ✔✔When must the disclosure statement be given
to the homeowner by a general contractor making improvements exceeding $2000
✔✔Monday through Friday, 8 AM to 5 PM - ✔✔A business day is defined as
✔✔Seller - ✔✔Once an offer has been completed and signed by the purchaser, the
offer must be delivered to
✔✔24 hours prior to closing - ✔✔RESPA allows the buyer to review the closing
statement with and what period of time prior to closing
✔✔To make sure the property is substantially the same condition as when the offer was
accepted - ✔✔Why should a walk-through prior to closing be scheduled 2 to 3 days
before closing
✔✔Commercial loans - ✔✔What type of financing is not regulated by the real estate
settlement practices act
✔✔As soon after acceptance as possible - ✔✔When should application for
homeowners insurance be initiated
✔✔Seven years - ✔✔The claim loss underwriting exchange tracks clams up to you how
many years
✔✔Federally regulated loans - ✔✔HUD one closing statements are required for
✔✔Three calendar years after the year of closing - ✔✔How long must transaction file is
be held by a real estate broker
✔✔The responsible broker - ✔✔Who is responsible for the accuracy and delivery of a
closing statement
✔✔90 days - ✔✔How much notice to tenant is required to increase utilities in a mobile
home park?
✔✔Not less than 180 days - ✔✔How much advance notice must a landlord of a mobile
home park give to the tenant to not renew a lot lease prior to expiration?
✔✔Easement by necessity - ✔✔A right granted by law where there is no access to a
persons land
QUESTIONS SET A+
✔✔Both customer and client - ✔✔Adverse material fact must be disclosed to
✔✔Sex - ✔✔The fair housing act protected classes include
✔✔National Association of realtors - ✔✔A code of ethics course is mandated by
✔✔One year - ✔✔The commission on human rights will hear alleged discrimination
complaints within what period of time
✔✔Some major cities in Idaho - ✔✔Where is sexual orientation and gender identity
approved as a protected class
✔✔Gather information - ✔✔What's the purpose of the first listing appointment
✔✔Recently sold - ✔✔What type of comparable properties are generally used as the
basis of a CMA
✔✔Brokerage business name - ✔✔What information must be included with all
advertising of listed properties
✔✔Seller - ✔✔The sellers property disclosure or must be completed by the
✔✔Annexation - ✔✔Sellers of newly constructed residential real property shall disclose
information regarding
✔✔Private - ✔✔Covenants, conditions, and restrictions CCR's impose what kind of
restrictions
✔✔At first substantial business contact - ✔✔When was the agency disclosure brochure
be given to a prospective seller
,✔✔Six - ✔✔A listing packet or property profile from a title company cannot contain more
than how many items
✔✔1 to 4 dwelling units - ✔✔A seller property disclosure form definition of "residential
real property" is
✔✔Be in writing - ✔✔Brokerage representation agreements must
✔✔Not discourage any party from seeking advice from an attorney - ✔✔In the subject
area of legal opinions, rule 303 states a broker or sales associate shall
✔✔1 year - ✔✔Leases must be in writing if they are longer than
✔✔Six months - ✔✔What's the maximum time a real estate sales person can be in
prison for unauthorized practice of law
✔✔Purchase and sale agreement - ✔✔Representation confirmation and
acknowledgment must be included with
✔✔Voids the original offer - ✔✔What does a counter offer do to the original offer
✔✔Marked and dated as rejected - ✔✔All rejected offers must be
✔✔Prohibited - ✔✔The use of a double contract is
✔✔Immediately - ✔✔When does the earnest money needs to be delivered to the broker
or brokers office
✔✔Broker or brokers office - ✔✔Who is responsible for record-keeping of earnest
money transferred to a third-party
✔✔July 1 - ✔✔Unless there's an emergency bill when do legislative law changes take
place
✔✔Brokers office - ✔✔When earnest money is received, it should be delivered to
✔✔Both purchase and sale agreement and ledger card - ✔✔If earnest money is
returned before deposit where must a written and dated notation must be placed
✔✔Three times all charges for title insurance - ✔✔What's the penalty to the seller who
requires the buyer to use a particular title insurance company against the buyers choice
for a federally related mortgage
, ✔✔Within 10 days of execution of a contract - ✔✔When is the sellers property
disclosure form required to be delivered to the buyer
✔✔Prior to entering into a contract - ✔✔When must the disclosure statement be given
to the homeowner by a general contractor making improvements exceeding $2000
✔✔Monday through Friday, 8 AM to 5 PM - ✔✔A business day is defined as
✔✔Seller - ✔✔Once an offer has been completed and signed by the purchaser, the
offer must be delivered to
✔✔24 hours prior to closing - ✔✔RESPA allows the buyer to review the closing
statement with and what period of time prior to closing
✔✔To make sure the property is substantially the same condition as when the offer was
accepted - ✔✔Why should a walk-through prior to closing be scheduled 2 to 3 days
before closing
✔✔Commercial loans - ✔✔What type of financing is not regulated by the real estate
settlement practices act
✔✔As soon after acceptance as possible - ✔✔When should application for
homeowners insurance be initiated
✔✔Seven years - ✔✔The claim loss underwriting exchange tracks clams up to you how
many years
✔✔Federally regulated loans - ✔✔HUD one closing statements are required for
✔✔Three calendar years after the year of closing - ✔✔How long must transaction file is
be held by a real estate broker
✔✔The responsible broker - ✔✔Who is responsible for the accuracy and delivery of a
closing statement
✔✔90 days - ✔✔How much notice to tenant is required to increase utilities in a mobile
home park?
✔✔Not less than 180 days - ✔✔How much advance notice must a landlord of a mobile
home park give to the tenant to not renew a lot lease prior to expiration?
✔✔Easement by necessity - ✔✔A right granted by law where there is no access to a
persons land
