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Idaho Real Estate Broker Comprehensive Q&A Package.

Prepare for success in the Idaho real estate broker exam with our comprehensive Q&A package. Covering all essential topics including licensing requirements, agency relationships, state-specific laws, contracts, ethics, and market analysis, this bundle equips you with the knowledge and confidence to...

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Idaho - State Exam Practice Questions and Answers

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Which of the following mistakes relates to required elements in an Idaho offer to purchase? Incorrect acknowledgement of representation type In Idaho, a married couple must meet what recording requirement to sell their community real property? Both spouses must be in agreement during the recordin...

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Idaho Real Estate Pre-Licensure Course Module 2 Review Questions and Answers

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An appraisal is an ______ or opinion of value based on supportable evidence and approved methods. estimate A ______ ______ ______ (CMA) is an an analysis of probable value of real estate done by an individual other than an appraiser. A real estate agent (can/cannot) charge for a CMA. Comparable M...

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Module 2 Idaho Real Estate Practice Questions and Answers

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Appraisal The process of estimating and supporting an opinion of value as of a certain date. Market Value A real estate appraiser estimates the market value or fair market value 4 Characteristics of Demand 1. Demand 2. Utility 3. Scarcity 4. Transferability Anticipation The value of a pr...

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Idaho Real Estate School Module 1 Test Questions and Answers

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Brokerage The business of bringing people together in a real estate transaction. Type of Real Property - Special Purpose Cemeteries Real Property Real estate, plus the interests, benefits, and rights inherent in the ownership of real estate Bundle of Rights Possession, control, enjoyment, e...

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Idaho Real Estate School Module 1 Practice Questions and Answers

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The primary purpose of the Idaho Real Estate Commision is to? Protect the public and industry The initial application for the real estate license is administered by? Idaho Real Estate Commission Where does the money come from to operate the Idaho Real Estate Commission? All Licensees The Id...

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Idaho Real Estate School MOD 1 Study Questions and Answers

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C) a hotel What is an example of commercial real estate? A) A power plant B) a 12 plex apartment complex C) a hotel D) public schools C) 5 serving 4 year terms How many real estate commissioners are there and how long do they serve? A) 2 serving 4 year terms B) 4 serving 5 year terms ...

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Idaho Real Estate Exam Questions and Answers

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There Are 5 Real Estate Commissioners Serving - Year Terms 4 Does Property Management Require A Real Estate License? No The Max. Penalty For Acting As A Realtor Without A License Is? A $5k Fine/1 Year In Jail Who Monitors The Code Of Ethics? The Nar The Irec Can't Force - To Complete A ...

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Real Estate Exam (General) Idaho Practice Questions and Answers

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Equity is defined as a. The purchase price of property less the market value today b. The market value less the purchase price c. The market value less the debt owed d. The purchase price less the debt owed c. The market value less the debt owed What are the owner's rights if their farm...

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Real Estate - Idaho Practice Test Questions and Answers

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Which type of written policy is every broker required to have? Office agency policy What is true regarding an agent's commissions? They are paid from their broker Who are the only 2 unlicensed parties you may share any part of your commissions with: The buyer and seller to the transaction ...

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Idaho Real Estate Exam Study Guide

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Which of the following statements about electronic transmission of real estate documents is true in Idaho? Electronic transmission laws only apply to transactions between parties where each party to the transaction has agreed to conduct it via electronic means. Brian took out a 15-year loan in Ju...

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Idaho Real Estate Exam Study Questions and Answers

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The primary purpose of the Idaho Real Estate Commission is to: Protect the public and industry Initial application for a real estate license is administered by: Idaho Real Estate Commission Where does the money come from to operate the Idaho Real Estate Commission? All Licensees The Idaho R...

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Idaho Real Estate Module 1 Practice Test Questions and Answers

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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? She would represent the buyer with Limited Dual without Assigned Agents. Which is true of Limited Dual Agency with Assigned...

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Real Estate Idaho Module 1 Review Questions and Answers

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Acting in the capacity of a broker or ____________ requires a license Salesperson Failure to keep adequate _______________ is an IREC violation Records The REALTORS is this type of Association Trade This amount of CE elective credit hours are required every license cycle Twelve The busin...

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Real Estate Idaho State Exam Study Set with Questions and Answers

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Licensing Requirements: Is a High School Diploma a licensing requirement? Yes - High School Diploma is required. How long do you have to wait to attain a new license if you have been suspended, are a felony, relevant misdemeanor convictions for fraud, misrepresentation, or dishonest or dishonorab...

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Idaho Real Estate Study Guide with Questions and Answers

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how many real estate commissioners are there and how long do they serve? 5 serving 4 year terms which activity does not require a real estate license? Property management what is the maximum penalty for brokering a real estate deal without a license? up to $5,000 and or a year in jail which...

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Idaho State Real Estate Test Questions and Complete Solutions

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In Idaho, a written notice is required before rent can be increased. On all periodic tenancies, the written notice must be given prior to the date the rent increase is to become effective and at least how many days before the end of the term? The landlord must give 15 days' written notice on all pe...

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Idaho Real Estate Test Prep Questions and Answers

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(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 ...

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Idaho Real Estate State Test Preparation Questions and Answers

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Protect the public and industryThe primary purpose of the Idaho real estate commission is to: Idaho real estate commissionInitial application for a real estate license is administrated by All licenseesWhere does the money come from to operate the Idaho real estate commission 4The Idaho real estat...

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