Idaho real estate guide - Study guides, Class notes & Summaries

(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 authority over? - To force a broker to c...

Idaho Real Estate Exam Study Guide

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 Real Estate commission consists of how many member commissioners - 5 The Idaho Real Estate Commission generally meets - 6-8 times a year Course make-up work is allowed only for - Any pre-license cour...

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 Real Estate commission consists of how many member commissioners - 5 The Idaho Real Estate Commission generally meets - 6-8 times a year Course make-up work is allowed only for - Any pre-license cour...

Idaho Real Estate Exam Study Guide 2024 Questions and Answers Purpose of IREC - Answer️️ -Protect public and industry Real Estate application administered by: - Answer️️ -IREC Money to fund IREC - Answer️️ -All active and inactive licensees Commission consists of - Answer️️ -4 members IREC meets - Answer️️ -Monthly Make up work - Answer️️ -Only on Pre Licensing Courses PreLicensing classes good for - Answer️️ -3 years

(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 authority over? - To force a broker to c...

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 June to purchase Idaho land. In August, he came into an inheritance, and wanted to pay off the loan. What is true of this situation? Brian can prepay the loan but he will pay a penalty equal to the inte...

Equity is defined as - Answer the market value less the debt owed what are the owner's rights if their farm zoning is changed by the county to single family residential? - Answer their old use continues through non-conforming use which police power allows a city to forcibly purchase a vacant lot to build a parking lot? - Answer eminent domain how do you transfer personal property in a sale? - Answer bill of sale what is the area between businesses and federal wetlands called? - Answ...

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 organization monitors the code of ethics? NAR which activity does IREC not have authority over to force a broker to complete a contractual obligation whatbactivitie would the real estate recove...

Purpose of IREC - Answers Protect public and industry Real Estate application administered by: - Answers IREC Money to fund IREC - Answers All active and inactive licensees Commission consists of - Answers 4 members IREC meets - Answers Monthly Make up work - Answers Only on Pre Licensing Courses PreLicensing classes good for - Answers 3 years