Idaho real estate test 2024 (Guaranteed Pass!)

(DPREC) How many real estate commissioners are there and how long do they serve? correct answers 4 serving 4 year terms (DPREC) Which activity does not require a real estate license? correct answers Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? correct answers up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? correct answers NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have authority over? correct answers 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? correct answers Dishonorable conduct (DPREC) What are the liability limits of the real estate recover fund? correct answers $10,000 per year per licensee (DPREC) What is true of a licensee if the real estate recovery fund pays out for them? correct answers Their license is suspended until the judgement is repaid (DPREC) An un-licensed personal assistant can not do which activity? correct answers Verbally quote the price of a property to a buyer (DPREC) What is required in all advertisements for listed properties? correct answers Brokerage company name (DPREC) The Idaho Real Estate Commission may revoke a real estate license for correct answers Misrepresentation (DPREC) 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? correct answers A certificate of coverage signed by a representative of the insurer (DPREC) The Idaho real estate commission does not have the enforcement power to correct answers Hold hearing regarding "potential" Code of Ethics violations (DPREC) In Idaho, the Idaho Real Estate License Law and Rules is administered by the correct answers Idaho Real Estate Commission