Idaho

Idaho Real Estate Study Guides

The Idaho License Professor is Idaho's number one provider of high quality real estate knowledge designed to help YOU pass your ID real estate exam the first time. Explanations and feedback given by the Idaho License Professor is provided by real estate license instructors and professional realtors from across the United States. Many students have already aced their Idaho real estate exam by preparing with the Idaho License Professor. Shouldn't you?

Contents


Idaho state specific topics include:

  • Commission regulations
  • Licensing requirements
  • Agent responsibilities and disclosures
  • Record-keeping
  • Advertising requirements

The Idaho License Professor covers all of the Promissor (ASI) necessary fundamentals of real estate, including 1)Real property characteristics, definitions, ownership, restrictions, and transfer, 2)Assessing and explaining property valuation and the appraisal process 3)Contracts, agency relationships with buyers and sellers, and federal requirements 4)Financing the transaction and settlement 5)Leases, rents, and property management.

The Idaho License Professor Features:

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

Studying with the Idaho License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each Idaho real estate exam has been extensively planned out by the Idaho License Professors editorial staff; professionals who teach real estate license courses all over Idaho. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Idaho License Professor's system provides.

The Idaho License Professor covers the following topics:

1. Introduction to the Real Estate Business   13. Title Records
2. Real Property and the Law   14. Real Estate Financing: Principles
3. Concepts of Home Ownership   15. Real Estate Financing: Practice
4. Agency   16. Leases
5. Real Estate Brokerage   17. Property Management
6. Listing Agreements and Buyer Representation   18. Real Estate Appraisal
7. Interests in Real Estate   19. Land-Use Controls and Property Development
8. Forms of Real Estate Ownership   20. Fair Housing and Ethical Practices
9. Legal Descriptions   21. Environmental Issues and Real Estate Transactions
10. Real Estate Taxes and Other Liens   22. Closing the Real Estate Transaction
11. Real Estate Contracts   23. Real Estate Math
12. Transfer of Title   24. Idaho Law and Practice

Idaho Real Estate License Requirements

In the State of Idaho, exams, licensing, and continuing education for real estate agents are governed by the Idaho Real Estate Commission.

  1. Age Limit: You must be at least 18 years of age at the time of application for a license, and a high school graduate or equivalent.
  2. Criminal Offenses License Revocations: You must not have been convicted, issued any fine, placed on probation, received a withheld judgment or completed any sentence of confinement for or on account of any felony, or any misdemeanor involving fraud, misrepresentation or dishonest or dishonorable dealing, in a state or federal court, within 5 years immediately prior to the date the application is submitted to the Commission. You must not have had a real estate license or other professional or occupational license revoked, suspended, or surrendered, or the renewal refused, for a disciplinary violation involving fraud, misrepresentation or dishonest or dishonorable dealing, in Idaho or any other jurisdiction, within 5 years immediately prior to the date the application is submitted to the Commission.
  3. Currently or Previously Licensed in Another State?: Request a certified license history from the states real estate licensing department in which you have been or are currently licensed. This certified license history should be sent directly to the Idaho Real Estate Commission.
  4. Residency: There is no requirement that licensees reside within Idaho. However, under reciprocal agreements, licensees are not allowed to operate from a business located in Idaho.
  5. Education: Provide proof of your high school graduation, high school equivalency certificate, or GED; plus completion of the following real estate education courses within five years prior to making application for licensure. Course schedules and descriptions for approved Idaho courses are found in The Real Estatement or on our web site. Students should be aware that scheduled courses may be canceled for insufficient enrollment.
  6. Experience (broker only): You must provide proof of two years active real estate experience within the last five years. The Commission, at its discretion, may modify or reduce the two-year active experience requirement based upon the educational background and experience as a licensed real estate broker or salesperson in another state, or experience in related or affiliated business activities. In deciding whether to consider your experience as sufficient to qualify as active experience we are looking for, among other factors, at least 30 hours per week doing real estate business, during at least 100 weeks of a 24-month period with approximately 15-20 sales and listings resulting in over $2 million in total sales volume. If you are already licensed in another state, you are not required to furnish proof of the experience requirements.
  7. Fingerprinting: Have your fingerprints taken by an approved agent or at your local law enforcement agency using the Commissions fingerprint card stamped with the ORI identification code. Submit the completed fingerprint card with the $34 processing fee to the Commission with the application. The prints will go through state and national screening. The FBI will then return the fingerprint card and a report (if applicable) to the Commission for review. Fingerprint results are valid for six (6) months. If the fingerprints are returned unreadable, new fingerprints will need to be submitted. A new processing fee will not be required.
  8. License Exam: A Candidate Handbook is available from the Commission office or on the Promissor website, which contains exam procedures, dates, locations, and other pertinent information. To register for the exam, candidates may do one of the following at least 4 days prior to their intended exam date.
  9. Type of License Status: Below are the ways in which you may be licensed in Idaho and will need to indicate as such on your application.
    • Active Designated Broker: Must have a physical location to use as a principal place of business for the real estate license.
    • Limited Broker: Must license individually. A Limited broker is a licensed Idaho broker, but cannot have employees.
    • Associate Broker: Must license with an active Idaho designated broker.
    • Salesperson: Must license with an active Idaho designated broker.
    • Inactive: Not affiliated with a designated broker, and has a current unsuspended or unrevoked license which is held on inactive status by the Commission.
  10. Errors Omissions Insurance: New applicants, renewal applicants, and licensed entities (i.e. corporations, LLC, partnerships) for active real estate licensure must each certify that they have obtained errors and omissions insurance to cover all licensed activities. Applicants may purchase EO insurance in one of the following ways: 1) complete and submit a group policy application along with the correct premium amount to Medmarc Insurance Company; or, 2) Purchase EO insurance through an independent carrier and keep a completed Certification of Coverage signed by his or her insurance agent that errors and omissions insurance coverage has been independently obtained at the office. This certificate states that the independent policy complies with the minimum requirements as stated in the Administrative Rules of the Commission. More information about the group policy or copies of the group policy application form or a sample group policy may be obtained by calling the Group Policy Carrier directly or the Commission office.
  11. Apply for License: Submit to the Commission office a completed Real Estate License Application with all attachments and fees. Applications are effective on the date the forms, fees and attachments are approved by the Commission. Forms that are incomplete, illegible, or not accompanied by the proper attachments, will be returned for completion and could delay the effective date. All checks payable to the Real Estate Commission which are returned by the bank as unpayable for any reason which is not the fault of the bank, shall result in a charge of $15 per check in addition to the amount owed to the Commission. The payment to replace the bad check shall be in cash, money order or such other, which is considered to be cash and acceptable by the Commission. Because of costs associated with the issuing of refunds, it is the policy of the Commission to refund overpayments of under $25 only if requested in writing within 30 days of IREC receipt of the overpayment. Overpayments of $25 or more will be automatically refunded.
Sample Salesperson Exam