Idaho real estate test question with answer
(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 authority 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 recover 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 activity? - -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
-(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? - -A certificate of coverage signed by
a representative of the insurer
-(DPREC) The Idaho real estate 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 council. 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
business 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 license 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 about fingerprints and background checks? - -6 months
-(LR) What are the continuing education minimum requirements? - -12 elective hours plus 2 different
commission court courses every 2 years
-(LR) Which of the following is not a requirements to obtain an active real estate salesperson licensee in
Idaho? - -Copy of your birth certificate
-(LR) What is a requirement to obtain and Idaho brokers license? - -A ner fingerprint background check
-(LR) A graduate of the Idaho Real Estate School gets her first salesperson license on February 23, 2016.
Her birthday is April 19th. By the end of which month must she renew her license? - -April 2017
-(LR) Which is not a type of real estate license in Idaho? - -Branch manager
-(LR) Which activity does not require a real estate license in Idaho? - -Property management
-(LR) Which circumstance may prohibit an applicant form getting a real estate license? - -A felony
convicted which occurred 8 years ago
-(LR) A salesperson has a renewal date of her license on November 30, 2016. On March 17, 2016 she
gets a Broker's license and opens her own firm called Ajax realty. When must she renew her brokers
license? - -By 5:00 PM the last business day of November 2016
-(LR) A real estate license is required for which of the following? - -Company that, for a fee
(commission), matches individuals from different parts of the country who want to exchange properties
and then assists them in doing so
(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 authority 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 recover 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 activity? - -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
-(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? - -A certificate of coverage signed by
a representative of the insurer
-(DPREC) The Idaho real estate 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 council. 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
business 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 license 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 about fingerprints and background checks? - -6 months
-(LR) What are the continuing education minimum requirements? - -12 elective hours plus 2 different
commission court courses every 2 years
-(LR) Which of the following is not a requirements to obtain an active real estate salesperson licensee in
Idaho? - -Copy of your birth certificate
-(LR) What is a requirement to obtain and Idaho brokers license? - -A ner fingerprint background check
-(LR) A graduate of the Idaho Real Estate School gets her first salesperson license on February 23, 2016.
Her birthday is April 19th. By the end of which month must she renew her license? - -April 2017
-(LR) Which is not a type of real estate license in Idaho? - -Branch manager
-(LR) Which activity does not require a real estate license in Idaho? - -Property management
-(LR) Which circumstance may prohibit an applicant form getting a real estate license? - -A felony
convicted which occurred 8 years ago
-(LR) A salesperson has a renewal date of her license on November 30, 2016. On March 17, 2016 she
gets a Broker's license and opens her own firm called Ajax realty. When must she renew her brokers
license? - -By 5:00 PM the last business day of November 2016
-(LR) A real estate license is required for which of the following? - -Company that, for a fee
(commission), matches individuals from different parts of the country who want to exchange properties
and then assists them in doing so
