Idaho Real Estate State Test. (Questions + Answers) Verified 100% Correct!!.

A 'qualified mortgage' loan can have a maturity time period for not longer than: - 30 years A 14 acre parcel secured with a deed of trust ended up in foreclosure. What period of time is allowed for redemption? - None, foreclosure secured with a deed of trust is final upon sale A 22 acre parcel secured with a mortgage ended up in foreclosure. What period of time is allowed for redemption? - 1 year A bail bond lien won't be released until? - Upon court ordered sentencing A broker price opinion can be rendered by: - Associate broker and/or designated broker A broker transferred $500 from the general operating account to the trust account. - Is an example of commingling A brokerage real estate trust account be reconciled how often? - Monthly A business day is defined as - Monday through Friday, 8 AM to 5 PM A buyer representation agreement form in Idaho: - Must be in writing to be enforceable a client of yours wants you to draft up paperwork to allow their son a life estate in their home. what should you do? - refer them to a lawyer A code of ethics course is mandated by - National Association of realtors a condensed history of the chain of title is called - abstractA corn crop growing in a field is an example of an - Emblement A datum point and subsequent benchmarks are used to measure: - Air lots