Idaho Real Estate Exam Prep

ID Salesperson Practice Exam

Our Idaho Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Idaho’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Idaho License Requirements

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.
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.
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.
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.
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.
Fingerprinting: Have your fingerprints taken by an approved agent or at your local law enforcement agency using the Commission’s 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.
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.
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 E&O 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 E&O 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.
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.
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.

Idaho Sample Practice Real Estate Exam Questions and Answers

Idaho State Section

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Question 1

Which of the following is required for an applicant to receive a Real Estate License?

A	Must have lived in the state for more than a year
B	Must be 25 or older
C	Must have a Bachelors degree
D	Must sit and pass the required exam

Question 2

In what circumstances, if any, can a broker in Idaho who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
C	None; the broker may only collect compensation from one party to a transaction
D	In most circumstances, except when the buyer and seller are related

Question 3

What is a holographic will?

A	a will and testament that has been entirely handwritten and signed by the testator.
B	a will that displays in 3D
C	a will that has been approved by each family member.
D	a standard boiler plate will.

Question 4

Does Idaho have reciprocity with other states?

A	Yes
B	No

Question 5

Is Idaho a community property state?

A	No
B	Yes

Question 6

First renewal on an active status licensee requires how may hours?

A	12
B	14
C	16
D	18

Question 7

Which of the following would not put a sales person in jeopardy of losing their license in Idaho?

A	Being authorized to accept and excessive commission.
B	Convicted of a felony
C	Placing an ad claiming to be a broker when they are not.
D	Depositing his/her clients escrow money into a personal account

Question 8

After getting a license, how often must Continuing Education classes be taken?

A	Every 3 years
B	Every 2 years
C	Every 4 years
D	Every year

Question 9

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
C	Gradual subsidence of waters, leaving dry land
D	Net cash remaining to investor after sale of investment property

Question 10

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessor
B	Lessee
C	Seller
D	Buyer

Question 11

Which of the following states does not participate in reciprocity with Idaho?

A	Oregon
B	Montana
C	Wyoming
D	New York

Question 12

The license law is administered by:

A	Idaho Department of Real Estate
B	Department of Real Estate
C	Commission for Real Estate
D	Idaho Real Estate Commission

Question 13

Standing trees would be considered:

A	Emblements
B	Personal Property
C	Chattels
D	Real property

Question 14

Does Idaho allow Holographic wills?

A	No
B	Yes

Question 15

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	due date
D	offer

Question 16

You must be __ years old to obtain a sales person license in Idaho?

A	21
B	18
C	20
D	19

Question 17

Adverse possession may establish:

A	who owes back taxes
B	homestead rights
C	use of property
D	a claim to title

Question 18

How soon can a broker receive a commission check after a closing in Idaho?

A	When the Buyer moves in.
B	Once the offer sheet is signed.
C	After the transaction is completed and funded.
D	Once the seller agrees to the price.

Question 19

Does Idaho have Dower laws?

A	No
B	Yes

Question 20

Does Idaho have homestead protection?

A	No
B	Yes

Question 21

A Salesperson license fee costs how much?

A	$160
B	$100
C	$50
D	$75

Question 22

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	turn off the gas
C	turn off the power
D	lock the tenant out.

Question 23

Mortgage "discount" points only apply if which of the following conditions are met?

A	The seller has agreed to pay 1% of the closing costs
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The loan does not close and the buyer owes the lender for services rendered

Question 24

What term means "going to the state?"

A	Taxation
B	escheat
C	police power
D	Eminent Domain

Question 24 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 25

Which of the following isn't part of a deed?

A	Premises
B	Habendum
C	novation
D	acknowledgement

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