Erica Green filed a complaint with the Idaho Real Estate Commission (IREC) against Broker Jessica Hall. Which of the following could the IREC do?

What must be true for a person to obtain a real estate license in Idaho?

Teddy Stiller wants to sell his home. His daughter, Brenda Stiller, is an agent in a neighboring state, but not in Idaho. Miss Stiller visits her father with the purpose of helping him sell his property. Miss Stiller finds a buyer through a local church group and successfully negotiates the sale of Mr. Stiller’s residence. Since Miss Stiller’s license is not valid in the state of Idaho, to which of the following considerations is she entitled?

Idaho requires successful completion of ____ hours of Pre license Education for
sales licensure which include the Module 1 and Module 2 courses.

What does IREC stand for?

Nelson Noonan is a licensed salesperson. He has listed his property in the local paper. He is selling the property as a FOR SALE BY OWNER (FSBO). What information must he disclose in his ad?

Which of the following could happen if the authorities investigate a legal violation by a licensee?

Each of the following situations are in violation of Idaho License Law EXCEPT:

Andrew Sage is a salesperson. He pre-qualified buyer Bill Reynolds for the purchase of real-estate property. At this time, Salesperson Sage took personal information from Mr. Reynolds and then had Mr. Reynolds sign a disclosure form. Finally, Mr. Sage showed Mr. Reynolds several listings. What, if anything, did Mr. Sage do incorrectly?

Each of the following statements regarding a net listing in Idaho are false EXCEPT:

Angie was told by the sellers that the lot she listed for them measured 75 feet by 150 feet. She passed this information on to the buyers. The buyers purchased the property. The buyers paid for the lot to be surveyed and discovered that it actually measured only 75 feet by 130 feet. What, if any, ramifications could there be?

What must a broker do when he changes his company’s address?

Nelson and Peter, who are not licensees, form a company to deal in exchanges of property. After completion of a deal, the parties refuse to pay them a commission. Are Nelson and Peter entitled to sue for the commission?

Carol Lee is a subagent working as a seller’s agent. The disclosure she provides to the buyer must include all of the following except:

Carol who is a broker salesperson acting as a sales manager is restricted from which of the following actions?

All of the following statements regarding a broker’s escrow account are false EXCEPT:

Each prelicense course must include a Commission-approved final exam requiring a minimum passing score of:

Auctioneer Sarah is negotiating to auction off some odds and ends for a retired farmer. In the course of the negotiation, the farmer asks Sarah if she could also auction off his farm. Which of the following statements bests describes the situation?

The fees for an initial or renewing license for broker, associate broker or salesperson shall be _________ per license period.

A broker opens a new branch office. Who is able to manage the office?

Katherine, a new agent, was anxious to find new leads. She asked her friends if she could put “For Sale” signs in their yards. When buyers contacted Katherine about the houses, she told them that they had already sold, but she would be glad to help them find another property. Is this a legitimate action?

If Ralph wished to create a real estate company as a corporation, which license would be required of the corporation itself?

Larry, a licensed salesperson, was at a party and a young couple expressed interest in buying a new home. Larry mentioned that his own home was for sale and that he would be happy to show it to them. Which of the following statements are true in regards to this situation?

Each license shall be renewable for a period of ______ years.

Richard, a broker with a single salesperson, is retiring and moving to Alaska to run his own golfing range. Can the salesperson continue to operate in the same capacity?

What would happen if a broker were to die, and his company was placed in receivership?

Which of the following statement concerning listings is not true?

All of the following forms of advertisement are illegal EXCEPT:

Broker Susan took a listing from Seller Bauer. Which of the following statements is accurate?

What would legally allow a broker to keep an escrow account in an interest bearing checking account?

Of those listed, who could be charged with a misdemeanor license law
infraction?

In what court of law may the IREC file a complaint against an alleged license law violator?

A real estate agent is in process of transferring a listing to another broker when a complaint is filed against him. Which of the following statements is accurate?

Which of the following is not required for the licensure of a salesperson?

Broker Vivian agreed to find a house for buyer Amanda for a flat fee $5000. A buyer’s agency agreement was signed by both parties stating that Amanda would pay Vivian $5,000 for her service. Vivian found a home listed by listing broker Charlotte, and Amanda agreed to buy the home. Broker Vivian never mentioned the buyer’s agency agreement or dual agency. Can she be paid the $5000 flat fee AND share in the seller’s commission?

License renewals must be received, complete, at the Commission office on or before 5 p.m. the last day of:

Broker Noonan has a listing on a new piece of property. Broker Leslie found a buyer for Broker Noonan’s listing. Under what circumstances could a salesperson close the deal?

Acting as a broker or salesperson without a license is a crime punishable with:

Joe and Sarah Romf are selling their first residence. They would like to have their lawyer review the sale contract. Andrew Bauer, the listing agent, knows the contract is well written and that the contract used is approved by the attorney of their association of realtors, advises them that a lawyer’s services would be an
unnecessary expense and would only serve to reduce their net proceeds from the sale. Which statement most accurately describes agent Bauer advice?

An applicant for a new salesperson or broker license must submit a completed fingerprint card and receive fingerprint clearance from the Commission office:

If you choose not to renew your real estate license by the expiration date, the Commission may accept a request for a late renewal, which shall not exceed one year from the renewal date. If you do not renew your real estate license within this
one-year expired period, your license will be:

Who administers the Interstate Land Sales Full Disclosure Act?

Salesperson Post brings an offer to Mr. and Mrs. Nomas, the sellers of a listed property. After considering the offer for an hour, the sellers accept and sign the offer without changing any of the terms presented. Post then presents the buyer with a copy of the accepted contract. Which of the following must be included on this sale contract?

Ethan Mendez and Robert Ires are applying for a broker’s license as a partnership. One of the two men had been found guilty of embezzlement, but has made full restitution. Of the following statements, which is true?

Anne, a licensed salesperson, lists seller Rob Caos’s home. After Rob signs the listing agreement, what, if anything, must Anne then do with the agreement?

Salesperson Leslie presents a written offer for $155,900 to seller Jones. The listed price is $160,000. Mr. Jones reviews the offer and seeks further advice from her accountant. Salesperson Leslie receives a second written offer for the property. The second offer was for $149,500. Which of the following statements is true regarding this situation?

Of the following, which would require a license?

Which of the following statements regarding the termination of a salesperson’s association with a broker is true?

Before a salesperson can list or sell real estate after transferring to a new broker, what must be done first?

Which of the following statements is false concerning licensed branch office requirements?