Idaho real estate school Study guides, Class notes & Summaries

Federal and State Exam Terms for Idaho Real Estate (Terms and definitions for the licensing test. Idaho Real Estate School. October 2023) Graded A+

Idaho Real Estate School: MOD 2 Complete Answers Appraisal Estimate or opinion of value based on the supportable evidence and approved methods. An appraiser is an independent person trained to provide an unbiased estimate of value. The appraisal value is the appraiser's opinion of that property's worth. Appraiser an independent person trained to provide an unbiased estimate of value. CMA (comparable market analysis) An analysis of probable value of real estate done by an individual ...

Idaho Real Estate School (Module 1) Exam Test Questions With Revised Correct Answers Revised & Reviewed What is the penalty for working without a license? - ANSWER $5,000 and/or 1 year in jail What is the Real Estate Recovery Fund? - ANSWER On the grounds of fraud, misrepresentation, or deceit, a brokerage is covered How is the Real Estate Recovery Fund funded? - ANSWER Every license cycle (typically 2 birthdays) $20 is charged per licensee What is singl...

The primary purpose of the Idaho Real Estate Commision is to? - Answer Protect the public and industry The initial application for the real estate license is administered by? - Answer Idaho Real Estate Commission Where does the money come from to operate the Idaho Real Estate Commission? - Answer All Licensees The Idaho Real Estate Commission consists of how many member commissioners? - Answer 5 The Idaho Real Estate Commission generally meets? - Answer 6 to 8 times a year Course ...

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 C) 5 serving 4 year terms D) 8 serving 4 year terms A) property management Which activity does not require real estate license? A) property management B) listing homes for sale C) optioning p...

Principle of Regression and Progression - correct answer does the property conform to its surroundings (neighbors can have an effect on the value of your property). Over Improvement - correct answer land improvement that is more extensive than the surrounding neighborhood justifies or that can be economically warranted. Principle of Highest and Best Use - correct answer principle that the best use of a property in terms of value is the use most likely to produce the greatest net retu...

Idaho Real Estate School Module 2

Idaho Real Estate (State Test) Questions and Answers Graded A+ The primary purpose of the Idaho real estate commission is to: Protect the public and industry Initial application for a real estate license is administrated 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 4 The Idaho real estate generally meets: Monthly Course make-up work is allowe...

Idaho Real Estate(State Test) All Answers Correct Protect the public and industry ️The primary purpose of the Idaho real estate commission is to: Idaho real estate commission ️Initial application for a real estate license is administrated by All licensees ️Where does the money come from to operate the Idaho real estate commission 4 ️The Idaho real estate commission consists of how many member commissioners Monthly ️The Idaho real estate generally meets: Any pre-license cour...

Protect the public and industry - The primary purpose of the Idaho real estate commission is to: Idaho real estate commission - Initial application for a real estate license is administrated by All licensees - Where does the money come from to operate the Idaho real estate commission 4 - The Idaho real estate commission consists of how many member commissioners Monthly - The Idaho real estate generally meets: Any pre-license courses - Course make-up work is allowed only for: 3 ...