Idaho Real Estate Module 1 (Guaranteed Pass!)

In an office that allows for Limited Dual Agency with Assigned Agents how would the broker herself work with a buyer client to buy and in house listing of one of her agents? correct answers She would represent the buyer with Limited Dual without Assigned Agents. Which is true of Limited Dual Agency with Assigned Agents? correct answers Each agent may advocate fully for their client in the sale. If a builder also has an active Idaho real estate license what must they do when they sell their homes? correct answers Disclose their licensee status on any purchase and sales agreement. When does a party become a client of the brokerage firm in Idaho? correct answers When they sign an agency representation agreement. Which is true of the statutory duties licensees owe to customers and clients? correct answers They are mandatory and cannot be waived. Idaho law requires and agency representation agreement if there is one to be signed no later than when? correct answers Before signing an offer to purchase. When must the Commission Agency Brochure be presented? correct answers At first substantial business contact. Which circumstance is not covered by the Idaho Psychologically Impacted Property law? correct answers The home was a clandestine drug laboratory. What is true regarding a psychological impact of an Idaho property? correct answers There is not requirement to disclose. Buyer Representation Agreement form has expired, and the seller signs a seller representation agreement with a different brokerage firm. The original listing agent now has a buyer interested in the seller's property. The original listing agent correct answers cannot disclose to the buyer confidential information of the seller obtained while it was listed with him or her. A buyer representation agreement form in Idaho correct answers must be in writing to be enforceable. The three types of agency relationships recognized in Idaho are correct answers Seller representation, buyer representation, and limited disclosed dual agency The buyer or seller remains a customer, and as such, the brokerage and its licensees are non-agents. However the brokerage still owes all of the following legal duties and obligations to the customer EXCEPT to correct answers maintain the confidentiality of specific information as defined by and to the extent required in this act