Idaho real estate test Exam 2026
Questions and Answers
(DPREC)
How many real estate commissioners are there and how long do they serve? -
Correct answer-4 serving 4 year terms
(DPREC)
Which activity does not require a real estate license? - Correct answer-Property
management
(DPREC)
What is the maximum penalty for brokering a real estate deal without a license? -
Correct answer-up to $5,000 and a year in jail
(DPREC) Which organization monitors the code of ethics? - Correct answer-NAR
(National association of Realtors)
(DPREC) Which activity does IREC NOT have authority over? - Correct answer-
To force a broker to complete a contractual obligation
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,(DPREC) Which of the following activities would be the real estate recovery fund
NOT pay out for? - Correct answer-Dishonorable conduct
(DPREC) What are the liability limits of the real estate recover fund? - Correct
answer-$10,000 per year per licensee
(DPREC) What is true of a licensee if the real estate recovery fund pays out for
them? - Correct answer-Their license is suspended until the judgement is repaid
(DPREC) An un-licensed personal assistant can not do which activity? - Correct
answer-Verbally quote the price of a property to a buyer
(DPREC) What is required in all advertisements for listed properties? - Correct
answer-Brokerage company name
(DPREC) The Idaho Real Estate Commission may revoke a real estate license for -
Correct answer-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 answer-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 answer-Hold hearing regarding "potential" Code of Ethics violations
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, (DPREC) In Idaho, the Idaho Real Estate License Law and Rules is administered
by the - Correct answer-Idaho Real Estate Commission
(DPREC) How are members of the Idaho Real Estate Commission appointed? -
Correct answer-By the governor
(DPREC) The Idaho real estate commission consists of how many members? -
Correct answer-4 (but actually 5 now)
(DPREC) The Idaho Real Estate Commission appoints an education council. How
many members are on the council? - Correct answer-Six
(DPREC) The Idaho Real Estate Commission has the power to - Correct answer-
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 - Correct answer-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? - Correct answer-Agreeing with a seller to accept a listing for
more than normal commission
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
Questions and Answers
(DPREC)
How many real estate commissioners are there and how long do they serve? -
Correct answer-4 serving 4 year terms
(DPREC)
Which activity does not require a real estate license? - Correct answer-Property
management
(DPREC)
What is the maximum penalty for brokering a real estate deal without a license? -
Correct answer-up to $5,000 and a year in jail
(DPREC) Which organization monitors the code of ethics? - Correct answer-NAR
(National association of Realtors)
(DPREC) Which activity does IREC NOT have authority over? - Correct answer-
To force a broker to complete a contractual obligation
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,(DPREC) Which of the following activities would be the real estate recovery fund
NOT pay out for? - Correct answer-Dishonorable conduct
(DPREC) What are the liability limits of the real estate recover fund? - Correct
answer-$10,000 per year per licensee
(DPREC) What is true of a licensee if the real estate recovery fund pays out for
them? - Correct answer-Their license is suspended until the judgement is repaid
(DPREC) An un-licensed personal assistant can not do which activity? - Correct
answer-Verbally quote the price of a property to a buyer
(DPREC) What is required in all advertisements for listed properties? - Correct
answer-Brokerage company name
(DPREC) The Idaho Real Estate Commission may revoke a real estate license for -
Correct answer-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 answer-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 answer-Hold hearing regarding "potential" Code of Ethics violations
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, (DPREC) In Idaho, the Idaho Real Estate License Law and Rules is administered
by the - Correct answer-Idaho Real Estate Commission
(DPREC) How are members of the Idaho Real Estate Commission appointed? -
Correct answer-By the governor
(DPREC) The Idaho real estate commission consists of how many members? -
Correct answer-4 (but actually 5 now)
(DPREC) The Idaho Real Estate Commission appoints an education council. How
many members are on the council? - Correct answer-Six
(DPREC) The Idaho Real Estate Commission has the power to - Correct answer-
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 - Correct answer-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? - Correct answer-Agreeing with a seller to accept a listing for
more than normal commission
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
