ID Real Estate study guide
ID Real Estate · Work through your exam, one topic at a time.
The Idaho Real Estate Licensing Examination is the licensing test that Idaho salesperson and broker applicants must pass as part of the state's licensure process. The Real Estate Commission, a board within the Idaho Division of Occupational and Professional Licenses (DOPL), oversees real estate licensing, and Pearson VUE appears among the Commission's listed related resources for license exams and fingerprinting. Candidates should expect content in two broad areas: national real estate principles and practice - ownership, agency, contracts, financing, valuation, transfer, and brokerage practice - and Idaho-specific law and practice, including Commission rules, license law, and state requirements. This page is an independent study resource and is not affiliated with, endorsed by, or operated by DOPL or the Real Estate Commission. Topics on this exam: National real estate content and Idaho-specific real estate law and practice. The ID Real Estate study guide has 2 sections and about 746 words.
01National Real Estate Principles and Practice
A licensee's duties run to the client, not the customer. Know the difference between the two and the fiduciary duties commonly tested: care, obedience, loyalty, disclosure, confidentiality, and accounting. Dual agency arises when one brokerage represents both sides and requires informed written consent. Trap: stems that imply agency from conduct ("the agent showed the buyer twelve homes, so she represents the buyer") or from compensation ("the seller pays the commission, so the buyer has no representation").
355 words, about 2 min02Idaho License Law, Brokerage Practice, and State Property Issues
The Idaho Real Estate Commission administers licensing, education, and discipline under Idaho Code Title 54, Chapter 20, and its administrative rules. Every brokerage operates through a licensed designated broker who supervises affiliated licensees and signs listing and buyer-brokerage agreements on behalf of the firm. Trap: stems that let a salesperson associate with more than one broker or sign a listing agreement in her own name. Idaho requires licensees to disclose in writing, and early, whom they represent.
391 words, about 2 min