Idaho real estate exam Study guides, Class notes & Summaries

Federal and State Exam Terms for Idaho Real Estate Study Guide Fall 2023 with complete solution

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 zoning is changed by the county to single family residential? a. They must build single family homes b. Their current use must cease c. You can't fight city hall d. Their old use continues through no...

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 course...

IDAHO REAL ESTATE EXAM LATEST UPDATED GRADED A+

Idaho Real Estate Exam(State Test) |Revised Answers Graded A+| Protect the public and industry *Ans* The primary purpose of the Idaho real estate commission is to: Idaho real estate commission *Ans* Initial application for a real estate license is administrated by All licensees *Ans* Where does the money come from to operate the Idaho real estate commission 4 *Ans* The Idaho real estate commission consists of how many member commissioners Monthly *Ans* The Idaho real estate generally...

Appraisal - correct answer The process of estimating and supporting an opinion of value as of a certain date. Market Value - correct answer A real estate appraiser estimates the market value or fair market value 4 Characteristics of Demand - correct answer 1. Demand 2. Utility 3. Scarcity 4. Transferability Anticipation - correct answer The value of a property may increase or decrease based on potential purchaser's belief that some future event will benefit or detract from t...

IDAHO REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT!!

Idaho Real Estate Exam Questions and Answers how many real estate commissioners are there and how long do they serve? - Answer-5 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? - Answer-up to $5,000 and or a year in jail which organization monitors the code of ethics? - Answer-NAR which activity does IREC not have authority over - Answer-to force ...

Idaho Real Estate Exam (chapters 1 - 4) already passed NAR is a --- organization? Trade Who is responsible for all Idaho real estate licensing Irec Who funds IREC? All licensees How many IREC commissioners? 4 How many members make up Educational Council? 6 IREC meets how often? Monthly Who is responsible for disciplinary action? Commissioners Population of Idaho? 1.5 million, 600k households How long is IREC commissioner term? 4 years IREC commissioners must have a minimum --- year term...