Idaho real estate exam Study guides, Class notes & Summaries

Idaho Real estate Exam

The primary purpose of the Idaho Real Estate Commission is to: - Answer Protect the public and industry Initial application for a 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 6-8 times a year Course make-up wo...

Idaho Real Estate Exam Answered 100%

Idaho Real Estate Exam Study Guide Questions And Answers Idaho Real Estate Exam Study Guide Questions And Answers

Idaho Real Estate Exam Prep

Federal and State Exam Terms for Idaho Real Estate Study Guide Fall 2023 with complete solution Abstract of Title ANS-The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property - certification by the abstractor that the history is complete and accurate. 213 Acceleration Clause ANS-Clause in a mortgage or deed of trust that can be enforced to make the entire debt d...

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...

Idaho Real Estate Exam Study Guide 100% Pass Purpose of IREC Protect public and industry Real Estate application administered by: IREC Money to fund IREC All active and inactive licensees Commission consists of 4 members IREC meets Monthly Make up work Only on Pre Licensing Courses PreLicensing classes good for 3 years Change of Personal Information Must be submitted Within 10 days How many Core Classes to Renew License 2 Core Classes E&O policy must have what rating B+ Licensee's ren...

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...