Idaho Real Estate- State Questions and Answers 100% Correct

Idaho Real Estate- State Questions and Answers 100% Correct The primary purpose of the Idaho Real Estate commission is to Protect the public and industry Initial application for a real estate license is administered by Idaho real estate commissions Where does money come from to operate the Idaho real estate commission? All active licensees The Idaho real estate commission consists of how many members commissioners? 4 The Idaho real estate commission generally meets Monthly Course makeup work is allowed only for Any pre license courses Pre license courses must be successfully completed prior to license application within Three years Change of personal information must be submitted to the Idaho real estate commission no later than 10 days How many Idaho real estate commission core classes are required for license renewal Two An independent E & O insurance policy must have an a.m. best rating of at least B+ License renewal must be received no later than blank of the expiration date at the commission office in Boise 5 PM mountain time What is the minimum pass rate score for for a broker taking the Idaho state exam 75% Who is required to have a real estate license to practice real estate Anyone with the expectation of compensation while acting for another offers to list property for sale An example of an exception to being required to have a real estate license is Offering property management or leasing for another for compensation What is the minimum age to secure a real estate license in Idaho 18 Minimum elective hours of continuing education required to renew a real estate license are 12 hours plus 2 core When does a real estate license expire The last day of licensees birth month A student whose birthday is June 5 past their state exam on Google and applied for and received their license on April 18, 2014 when does their license expire June 30, 2015 When do initial fingerprints expire prior to receiving a real estate license Fingerprint results are valid for six months What type of insurance is required for an in active real estate licensee None To be effective tail coverage for E & O insurance must be purchased within how many days from the cancellation 90 days from cancellation What document needs to accompany an application for a real estate license High school diploma or equivalency How many different types of surveys are recognized in Idaho Three What type of description will not meet acceptable standards to transfer property Tax parcel number The initial point (Boise Meridian) is closest to what community Kuna What township borders Canada Township 65 north If the western border is range six W. and the eastern border is range 46 E. how wide is Idaho 312 miles Idaho describes the subdivision as a tract of land divided into at least how many lots for the purpose of sale or development Five A legal description using lot and block is using what method to describe the parcel Recorded plat What period of time does a completed record of survey need to be filed 90 days The minimum size of survey pins shall not be less then 1/2 inch diameter and 2 feet long A datum point and subsequent benchmarks are used to measure Air lots An example of chattel is Annual growing crops Personal property is transferred with what type of instrument Bill of sale Who owns the water in Idaho The state of Idaho Domestic water usage for land irrigation is limited to 1/2 acre Daily use of domestic water is not to exceed how many gallons per day 13,000 A holder of a water right can lose a water right if not used for what continuous. 5 years Who is required to. Irish the Idaho department of water resources to abandon a water well? Licensed well driller Who has the authority to appropriate ground water recharge Idaho department of water resources Unless declared as real property, manufactured home ownership will be transferred with Certificate of title If there isn't enough water to satisfy all the water rights, who gets the water? Senior water rights holder Who can legally drill a water well? Licensed well driller What's required before a well can be drilled? A drilling permit If a person filed for and received a water right to use water from a navigable river, the water right is a unique form of? Personal property Homestead protection protects the home or property from? Unsecured creditors The maximum net value of the dwelling for homestead protection is? $100,000 To qualify for homestead protection in Idaho the property must be occupied for a continuous period of At least 6 months out of the year An owner moves from one permanent residence to another, what must the owner do to receive homestead protection? File for abandonment and file a declaration for homestead for the new location A verbal lease for more than one year is Invalid What kind of notice must the tenant provide the landlord to get a water heater replaced? Certified mail Given proper notice how long does a landlord have to resolve a violation 3 days If a landlord plans to increase the rent on a month to month rental, how much notice must be given? At least 15 days How much advance notice to terminate a month to month tenancy is required? Not less than one month After a tenant surrenders premises, security deposit refunds must be made within 30 days Lot rent for a manufactured home is required to be In writing How much notice to tenant is required to increase utilities in a mobile home park? 90 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 the expiration? Not less then 39 days notice A right granted by law where there is no access to a persons land is An easement by necessity A right that runs with the land from the serving estate to the dominant estate is Easement appurtenant Using land of another without permission for prescribed period of time Easement by prescription Right if a person or corporation to use land owned by another for a specific purpose Easement in gross A license to access property for a specific period of time Temporary A partnership "abc partners", constitutes what type of ownership Sole ownership The formation of a limited liability company is filed with Secretary of state Failure of an LLC to file an annual report can result in Administration dissolution All property of either husband or wife acquired prior to marriage shall remain Sole and separate Unless stated otherwise, Any income or profits from all property after marriage, separate or community will be treated as Community property When is the annual report by a limited liability company to be filed? Before the end of month the company was organized Community property with rights of survivorship will Avoid probate If an LLC is dissolved, an application for reinstatement may be possible if filed within what period of being dissolved? 10 years Unless declared as real property, manufactured home ownership will be transferred with Certificate of title The property of a person who died, has no heirs, and reverts to the state, is known as Escheat A solar lot line is often referenced on what date December 21st Scenic views and open space can be protected with Conservation easement A zoning regulation is an example of Police power Any changes to the comprehensive plan require how many public hearings? 1 To modify the comprehensive plan how much notice must be given prior to the hearing? 15 days Zoning ordinances are used to identify Density If an owner needed a setback change to accommodate a structure design, the owner would request Zoning variance Who certifies the correctness of a plat for a planned subdivision Professional land surveyor What's the penalty for offering subdivision lots for sale from a preliminary plat but has not yet been approved and recorded $100 for each lot How many categories are available to cities to annex land into cities 3 What building code has been adopted for all construction International building code Contractors doing major surface repairs to homes built prior to 1978 must be Certified Idaho statute defines a subdivision to contain how many lots? 5 or more Use of navigable waters passing through private property can only be used by Anyone Private ponds containing fish must apply for a private pond permit from Department of fish and game Who is responsible to implement the waste management program in Idaho Department of environmental quality Lead based paint was outlawed to be used in housing built prior to 1978 A requirement for persons performing renovations to target housing is Compensation What are the limits for electromagnetic fields in Idaho None A methamphetamine contaminated home must Be vacated Underground storage tanks are not regulated if the tanks have a storage capacity less than 110 gallons Approximately what percentage of Idaho homes have high levels of radon! 33% When one does,evidence of death is evidenced by providing Authenticated copy of death certificate If a married person dies without a will how will the descendents property be distributed? 1/2 community property of the descendent passes to the spouse When do the terms of a properly executed will of a married person take effect? Upon death of the married person The definition of the ordinary high water mark is defined as Sufficient periods water covers and depresses the soil to deprive soil of its vegetation What period of time must a person holding and possessing a property, hold the property to claim adverse possession? 20 years An easement by prescription must be held and controlled for what period of time?