Idaho real estate test questions and answers already passed
7 views 0 purchase
Course
Idaho real estate
Institution
Idaho Real Estate
Idaho real estate test questions and answers already passed
(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...
Idaho real estate test questions and answers already passed (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 and a year in jail (DPREC) Which organization monitors the code of ethics? ✔✔NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have a uthority over? ✔✔To force a broker to complete a contractual obligation (DPREC) Which of the following activities would be the real estate recovery fund NOT pay out for? ✔✔Dishonorable conduct (DPREC) What are the liability limits of the real estate reco ver fund? ✔✔$10,000 per year per licensee (DPREC) What is true of a licensee if the real estate recovery fund pays out for them? ✔✔Their license is suspended until the judgement is repaid (DPREC) An un -licensed personal assistant can not do which activit y? ✔✔Verbally quote the price of a property to a buyer (DPREC) What is required in all advertisements for listed properties? ✔✔Brokerage company name (DPREC) The Idaho Real Estate Commission may revoke a real estate license for ✔✔Misrepresentation (DPRE C) 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? ✔✔A certificate of coverage signed by a representative of the insurer (DPREC) The Idaho real estat e commission does not have the enforcement power to ✔✔Hold hearing regarding "potential" Code of Ethics violations (DPREC) In Idaho, the Idaho Real Estate License Law and Rules is administered by the ✔✔Idaho Real Estate Commission (DPREC) How are members of the Idaho Real Estate Commission appointed? ✔✔By the governor (DPREC) The Idaho real estate commission consists of how many members? ✔✔4 (but actually 5 now) (DPREC) The Idaho Real Estate Commission appoints an education counci l. How many members are on the council? ✔✔Six (DPREC) The Idaho Real Estate Commission has the power to ✔✔Make and enforce any and all reasonable rules (DPREC) The Idaho Real Estate Commission may investigate the action of any person engaged in the busin ess 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 ✔✔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? ✔✔Agreeing with a seller to accept a listing for more than normal commission (DPREC) The Idaho Real estate commission has the power to revoke a salespersons li cense if the salesperson ✔✔Deposits a buyers down payment in the salespersons own bank account (LR) How long is your pre -license course certificate good for? ✔✔3 years (LR) How long is your passing state exam certificate good for? ✔✔1 year (LR) How abou t fingerprints and background checks? ✔✔6 months
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StellarScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
