Idaho real estate test questions and answers already passed

Idaho real estate test questions and answers already passed (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 a uthority over? ✔✔To 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? ✔✔Dishonorable conduct (DPREC) What are the liability limits of the real estate reco ver fund? ✔✔$10,000 per year per licensee (DPREC) What is true of a licensee if the real estate recovery fund pays out for them? ✔✔Their license is suspended until the judgement is repaid (DPREC) An un -licensed personal assistant can not do which activit y? ✔✔Verbally quote the price of a property to a buyer (DPREC) What is required in all advertisements for listed properties? ✔✔Brokerage company name (DPREC) The Idaho Real Estate Commission may revoke a real estate license for ✔✔Misrepresentation (DPRE C) 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? ✔✔A certificate of coverage signed by a representative of the insurer (DPREC) The Idaho real estat e commission does not have the enforcement power to ✔✔Hold hearing regarding "potential" Code of Ethics violations (DPREC) In Idaho, the Idaho Real Estate License Law and Rules is administered by the ✔✔Idaho Real Estate Commission (DPREC) How are members of the Idaho Real Estate Commission appointed? ✔✔By the governor (DPREC) The Idaho real estate commission consists of how many members? ✔✔4 (but actually 5 now) (DPREC) The Idaho Real Estate Commission appoints an education counci l. How many members are on the council? ✔✔Six (DPREC) The Idaho Real Estate Commission has the power to ✔✔Make and enforce any and all reasonable rules (DPREC) The Idaho Real Estate Commission may investigate the action of any person engaged in the busin ess 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 ✔✔An 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? ✔✔Agreeing 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 li cense if the salesperson ✔✔Deposits a buyers down payment in the salespersons own bank account (LR) How long is your pre -license course certificate good for? ✔✔3 years (LR) How long is your passing state exam certificate good for? ✔✔1 year (LR) How abou t fingerprints and background checks? ✔✔6 months