Idaho Real Estate Exam 2026 Questions
and Answers
An agent unconditionally gave his buyer a new riding lawn mower after a
transaction closed as a 'thank you'. This activity is
A. OK
B. Illegal
C. Inappropriate
D. Inducement - Correct answer-A. OK
What is the maximum fine for an unlicensed person practicing real estate
A. $5,000
B. $10,000
C. $15,000
D. $20,000 - Correct answer-A. $5,000
An active licensee buying or selling their own property must conduct all
transactions through
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,A. Cooperating brokerage
B. Idaho Real Estate Commission
C. Broker with whom licensed
D. A licensed title insurance company - Correct answer-C. Broker with whom
licensed
If a licensee terminate with a broker, what is required
A. Nothing, the licensee just leaves
B. Licensee must tell broker they are leaving
C. Licensee must give written notice within 5 calendar days of leaving
D. Licensee must notify in writing no later than 3 business day of effective date -
Correct answer-D. Licensee must notify in writing no later than 3 business day of
effective date
If a broker terminates an agent for cause, the broker must notify the Idaho Real
Estate Commission within
A. 3 business days from termination
B. 5 calendar days from termination
C. 5 business days from termination
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, D. 10 business days from termination - Correct answer-D. 10 business days from
termination
Once a real estate commission investigation is completed, the results and
recommendations are forwarded to
A. REALTOR association legal counsel
B. Attorney General
C. Executive Director
D. Chief Investigator - Correct answer-C. Executive Director
Company records must be retained by the broker for what period of time
A. 3 fiscal years after a transaction closes
B. 3 calendar years after the year a transaction closes
C. 3 calendar years after the year a transaction is initiated
D. 3 fiscal year from the date company was created - Correct answer-B. 3 calendar
years after the year a transaction closes
What is the maximum amount of personal money allowed to maintain a trust
account
A. $100
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and Answers
An agent unconditionally gave his buyer a new riding lawn mower after a
transaction closed as a 'thank you'. This activity is
A. OK
B. Illegal
C. Inappropriate
D. Inducement - Correct answer-A. OK
What is the maximum fine for an unlicensed person practicing real estate
A. $5,000
B. $10,000
C. $15,000
D. $20,000 - Correct answer-A. $5,000
An active licensee buying or selling their own property must conduct all
transactions through
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,A. Cooperating brokerage
B. Idaho Real Estate Commission
C. Broker with whom licensed
D. A licensed title insurance company - Correct answer-C. Broker with whom
licensed
If a licensee terminate with a broker, what is required
A. Nothing, the licensee just leaves
B. Licensee must tell broker they are leaving
C. Licensee must give written notice within 5 calendar days of leaving
D. Licensee must notify in writing no later than 3 business day of effective date -
Correct answer-D. Licensee must notify in writing no later than 3 business day of
effective date
If a broker terminates an agent for cause, the broker must notify the Idaho Real
Estate Commission within
A. 3 business days from termination
B. 5 calendar days from termination
C. 5 business days from termination
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, D. 10 business days from termination - Correct answer-D. 10 business days from
termination
Once a real estate commission investigation is completed, the results and
recommendations are forwarded to
A. REALTOR association legal counsel
B. Attorney General
C. Executive Director
D. Chief Investigator - Correct answer-C. Executive Director
Company records must be retained by the broker for what period of time
A. 3 fiscal years after a transaction closes
B. 3 calendar years after the year a transaction closes
C. 3 calendar years after the year a transaction is initiated
D. 3 fiscal year from the date company was created - Correct answer-B. 3 calendar
years after the year a transaction closes
What is the maximum amount of personal money allowed to maintain a trust
account
A. $100
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
