Exam (elaborations)
Idaho Real Estate Questions and Answers
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Exam of 4 pages for the course Idaho real estate at Idaho real estate (Idaho Real Estate)
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Idaho Real Estatehow many real estate commissioners are there and how long do they serve? - answer5
serving 4 year terms
which activity does not require a real estate license? - answer Property management
what is the maximum penalty for brokering a real estate deal without a license? -
answerup to $5,000 and or a year in jail
which organization monitors the code of ethics? - answerNAR
which activity does IREC not have authority over - answerto force a broker to complete
a contractual obligation
whatbactivitie would the real estate recovery fund not pay out for - answerdishonorable
dealings
what are the liability limits of the real estate recovery fund - answer10,000 per year per
license
what is true of a licensee if the real estate recovery fund pays out for them - answertheir
license is suspended until the judgment is repaid
an unlicensed personal assistant can not do what - answerverbally quote the price of a
property to a buyer.
what can an unlicensed personal assistant do? - answerthey can prepare a marketing
analysis if they disclose they prepared it
sit an open house if they do not negotiate or sell
and gather signatures from the parties of a sale.
which activity does IREC have authority over - answerto audit a broker's trust account
procedures
to monitor agent and broker continuing education required hours
to audit broker files and records
what activities does the real estate recovery fund pay out for - answerfraud, deceit,
misrepresentation
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