Idaho Real Estate(State Test) Questions With Verified Answers

Protect the public and industry - Answer The primary purpose of the Idaho real estate commission is to: Idaho real estate commission - Answer Initial application for a real estate license is administrated by All licensees - Answer Where does the money come from to operate the Idaho real estate commission 4 - Answer The Idaho real estate commission consists of how many member commissioners Monthly - Answer The Idaho real estate generally meets: Any pre-license courses - Answer Course make-up work is allowed only for: 3 years - Answer Pre-license course is must be successfully completed prior to license application within 10 days - Answer Change of personal information be submitted to the IREC no later than: Two - Answer How many IREC Core classes are required for license renewal B+ - Answer An independent E&O insurance policy must have an A.M. Best rating of at least: 5.p.m mountain time - Answer License renewal must be received no later than _________ of the expiration date at the commission office in Boise. 75% - Answer What is the minimum pass rate score for a broker taking the Idaho state exam? Anyone, with expectation of compensation, were acting for another, offers to list property for sale - Answer Who is required to have a real estate license to practice real estate? Offering property management or leasing for another for compensation - Answer An example of an exception to being required to have a real estate license is to: 18 - Answer What's the minimum age to secure a real estate license in Idaho? 12 hours plus 2 core - Answer Minimum elective hours of continuing education required to renew a real estate license are: The last day of licensees birth month - Answer When does a real estate license expire June 30, 2015 - Answer A student, whose birthday is June 5, past their state exam on April 8, and applied for and received their license on April 18, 2014. When does their license expire? Fingerprint results are valid for six months - Answer When do initial fingerprints expire prior to receiving a real estate license None - Answer What type of insurance is required for an inactive real estate licensee? 90 days from cancellation - Answer To be effective, tail coverage for E&O insurance must be purchased within how many days from cancellation High school diploma or equivalency - Answer What documentation needs to accompany an application for a real estate license? Three - Answer How many different types of surveys are recognized in Idaho Tax Parcell number - Answer What type of description will not meet acceptable standards to transfer property Township 65 north - Answer What township borders Canada Kuna - Answer The 'initial point' (boise meridian) is closest to what community? 312 miles - Answer If the western border is range six W. and the eastern border is range 46 E. how wide is Idaho 5 - Answer Idaho describes a subdivision as a tract of land divided into at least how many lots for the purpose of sale or development? Recorded plat - Answer A legal description using 'lot and block' is using what method to describe the parcel? 90 days - Answer What period of time does a completed record of survey need to be filled? 1/2 inch diameter by 2 feet long - Answer The minimum size of survey pins shall not be less than: Air lots - Answer A datum point and subsequent benchmarks are used to measure: Annual growing crops - Answer An example of 'chattel' is? Bill of sale - Answer Personal property is transferred with what type of instrument? State of Idaho - Answer Who 'owns' the water in idaho? 1/2 acre - Answer Domestic water usage for land irrigation is limited to? 13,000 - Answer Daily use of the Mestic water is not to exceed how many gallons per day? 5 years - Answer A holder of a water right can lose the water right if not used for what continuous period of time Licensed well driller - Answer Who is required to notify the Idaho Department of water resources to abandon a water well? Idaho Department of water resources - Answer Who has the authority to appropriate ground water recharge? Certificate of title - Answer Unless declared as real property, manufactured home ownership will be transferred with: Senior water rights holder - Answer If there isn't enough water to satisfy all the water rights, who gets the water? Licensed well driller - Answer Who can legally drill a water well? A drilling permit - Answer What's required before a well can be drilled? Personal property - Answer 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? Unsecured creditors - Answer Homestead protection protects the home or property from: $100,000 - Answer The maximum net value of the dwelling for homestead protection is: At least six months out of the year - Answer to qualify for homestead protection and Idaho, the property must be occupied for a continuous period of: File for abandonment and file a declaration for homestead for the new location - Answer An owner moves from one permanent residence to another. What must the owner do to receive homestead protection? Invalid - Answer A verbal lease for more than one year is: Certified mail - Answer What kind of notice must the tenant provide the landlord to get a water heater replaced? Three days - Answer Given proper notice, how long does the landlord have to resolve a violation? at least 15 days notice - Answer If I'm landlord plans to increase the rent on a month to month rental, how much notice must be given? Not less than one month - Answer How much advance notice to terminate a month to month tenancy is required? 30 days - Answer After a tenant surrenders premises, security deposit refunds must be made within: In writing - Answer Lot rent for a manufactured home is required to be: Sole ownership - Answer A partnership, ABC partners, constitutes what type of ownership? Secretary of state - Answer The formation of a limited liability company is filed with Administrative dissolution - Answer Failure of an LLC to file an annual report can result in: Sole and separate - Answer All property of either her husband or wife acquired prior to marriage shall remain: Community property - Answer Unless stated otherwise, any income or profits from all property after marriage, separate or community, will be treated as: Before the end of month company was organized - Answer When is the annual report by a limited liability company to be filed? Avoid probate - Answer Community property with right of survivorship will: 10 years - Answer If an LLC is dissolved, an application for reinststement may be possible if filed eithin what period of being dissolved? Certificate of title - Answer Unless declared as real property, manufactured home ownership will be transferred with: Escheat - Answer The property of a person who died, had no heirs, and reverts to the state is known as: December 21 - Answer A solar lot line is often referenced on what date? Conservation easement - Answer Scenic views and open space can be protected with 1 - Answer Any changes to the comprehensive plan require how many public hearings? 1 - Answer Any changes to the comprehensive plan require how many public hearings? 15 days - Answer To modify the comprehensive plan, how much notice must be given prior the hearing Density - Answer Zoning ordinances are used to identify? Zoning variance - Answer If an owner needed a setback change to accommodate a structure design, the owner would request: Professional Land surveyor - Answer Who certifies the correctness of a plat for a planned subdivision? $100 for each lot - Answer What's the penalty for offering subdivision lots for sale from a preliminary plat but has not yet been approved and recorded? 3 - Answer How many categories are available to cities to annex land in two cities? International building code - Answer What building code has been adopted for all construction? Certified - Answer Contractors doing major service repair to homes built prior to 1978 must be: