Free Idaho Real Estate Practice Exam Questions (November 2026) 40+

Weight is not covered. Idaho Fair housing laws protect against Race, Color, Sex, Religion, National Origin, and Disability.

Any change of personal information must be submitted to the Idaho Real Estate Commission within 10 days. Per Idaho Real Estate Commission

Unlike some states, in Idaho, there is no state law that dictates what a broker may charge for a commission. The commission is completely negotiable in the listing contract.

“Each applicant shall successfully complete all prelicense real estate courses within no more than three (3) years prior to the date of the license application.” Per Idaho Real Estate Code 54-2022.

12 months aka one year. “...or by imprisonment in the county jail for a term not to exceed one (1) year.” Per Idaho Real Estate Code 54-2065.

“Each regular appointment, other than an appointment to fill an unexpired term, shall commence on July 1 of the year of appointment and be for a term of four (4) years.” Per Idaho Real Estate Code 54-2006.

According to Idaho real estate law, ONLY brokers can directly receive fees or bonuses. After the fee is received, then the broker can distribute the funds to the salesperson if applicable.

Each licensee's annual renewal statement includes a portion that goes to the fund. The fund consists entirely of the fees received.

“No. An unlicensed auctioneer can be paid only for specific real estate services rendered, such as calling the auction. The fee just cannot be a split of the brokerage commission or paid from the broker to the unlicensed auctioneer.” Per Idaho Real Estate Code Guideline 11.

The Idaho Real Estate Commission administers and enforces the laws of the state relating to real estate activities. The Commission is in charge of enforcing Idaho real estate law to protect the public.

“All consideration, including cash, checks held in uncashed form, and promissory notes, received by a sales associate in connection with a real estate transaction shall be immediately delivered to the broker or the broker’s office.” Per Idaho Real Estate Code 54-2045.

“Upon the death, resignation, or removal of any member of the commission, the governor shall appoint a qualified person to fill out the unexpired term.” Per Idaho Real Estate Code 54-2006.

Per Idaho License Law. Advertising must be placed under the direct supervision of a sponsoring or managing broker, with the sponsoring broker's name featured prominently on the advertisement. A sponsored licensee cannot advertise under their own name. The name CAN be included, but the ad must be in the sponsoring broker's name.

If the lease is a month-to-month tenancy, either party may end the lease with at least a month's advance written notice to the other party.

Generally speaking, everyone must comply. The law applies to owners, managers, salespersons, brokers, builders, appraisers, rental agents, and more.

Idaho is a Community Property state. The states that have community property laws are: Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. Community property is property acquired that is considered to be obtained by mutual effort.

Commingling is when a licensee mixes funds held in care for a client with their own funds.

Fingerprint results are good for six months. You must be fingerprinted for the Idaho Real Estate program; fingerprint results from other states or professions cannot be used. Per Idaho Real Estate Commission

“All moneys received by a broker for another in a real estate transaction are to be deposited on or before the banking day immediately following the receipt day of such funds unless written instructions signed by the party or parties having an interest in the funds direct the broker to do otherwise.” Per Idaho Real Estate Code 54-2045.

Dual agency is legal in Idaho as long as there is written consent from all parties prior to entering into negotiations. Per Idaho License Law.

All of the following actions are forbidden aside deliver paperwork to other brokers, sellers, or purchasers if such paperwork has already been reviewed by the broker. All unlicensed real estate do’s, and don’ts are outlined in Idaho Real Estate Commission Guideline #17.

“There is hereby created in the state treasury the real estate recovery fund. A balance of not more than twenty thousand dollars ($20,000) shall be maintained in the fund.” Per Idaho Real Estate Code 54-2069.

“Records required in this chapter to be kept and maintained by a real estate broker, including trust account and financial records, transaction files, and other records, are to be kept in the broker’s files according to this section. The following records must be kept by a broker for three (3) calendar years after the year in which the event occurred.” Per Idaho Real Estate Code 54-2049.

“All licensees shall provide the commission a full and current mailing address and shall notify the commission in writing of any change in mailing address within ten (10) business days of the change.” Per Idaho Real Estate Code 54-2012.

“A cooperative license is valid for twelve (12) months from the date of issuance, or until the license of the out-of-state broker expires or is inactivated, surrendered, suspended or revoked, whichever occurs first, and may not be renewed.” Per Idaho Real Estate Code 54-2017.

Regarding real estate license reciprocity, Idaho has none. Idaho does not have reciprocity agreements with any other states; however, it does waive some licensing fees for existing agents when applicable.

“If pursuant to court order, the commission pays from the recovery fund any amount in settlement of a claim or towards satisfaction of a judgment against a licensed broker, associate broker or salesperson, the license of such broker, associate broker or salesperson shall be automatically suspended without further order of the commission upon the effective date of any order by the court as set forth herein authorizing payment from the recovery fund.” Per Idaho Real Estate Code 54-2074.

Leases are automatically renewed unless the landlord gives the tenant at least 90 days' written notice of intent not to renew or the tenant gives 30 days' written notice of intent not to renew. Per Idaho Property Law

Inactive licensees are NOT required to maintain Errors and Omissions Insurance. All the other statements regarding Errors and Omissions are true. Per Idaho Real Estate Code 54-2013.

Note, this law was updated from 15 days to 30 days. “Notwithstanding subsection (1) of this section, in all leases of residential property, or of any interest therein, the landlord shall provide the tenant written notice of any increase in the amount of rent charged or of the landlord’s intention of nonrenewal of the lease at least thirty (30) days before.” Per Idaho Property Law 55-307.

“If the individual so designated has a license refused, revoked, suspended, or otherwise made inactive by the commission, or if the individual designated broker voluntarily surrenders the individual license or ceases to be connected with the entity in the manner required above, the business entity shall have ten (10) business days in which to designate another qualified individual as a designated broker before the entity’s license is terminated, and the licenses of all associated licensees are made inactive.” Per Idaho Real Estate Code 54-2016.

“No such broker, associate broker, or salesperson shall be granted reinstatement until he has repaid in full the amount so paid from the recovery fund plus interest at the legal rate of interest allowable by law for judgments.” Per Idaho Real Estate Code 54-2074.

All of the following actions are allowed aside from showings of real property to potential buyers. All unlicensed real estate do’s, and don’ts are outlined in Idaho Real Estate Commission Guideline #17.

Idaho Department of Water Resources, specifically the director. “The IDWR Director is granted authority for designating areas for regulating groundwater withdrawals from aquifers subject to insufficient supplies based on groundwater level trends.” Per Idaho Department of Water Resources

Credit is not covered. Idaho Fair housing laws protect against Race, Color, Sex, Religion, National Origin, and Disability.

“The recovery fund’s liability for all claims arising from the acts or omissions of any one (1) licensee in any calendar year shall be limited to a payment of not more than ten thousand dollars ($10,000)” Per Idaho Real Estate Code 54-2071.

Four. “Four (4) members of the commission shall be actively licensed Idaho-designated real estate brokers or associate brokers who have had at least five (5) years’ active license experience as a designated broker or associate broker in the real estate business in Idaho. One (1) member shall be a member of the public from the state at large with an interest in the rights of consumers of real estate services.” Per Idaho Real Estate Code 54-2006.

Title theory states function where banks or mortgage lenders hold the title of a property until it is paid in full. Idaho practices title theory.

“All Internet-related advertising of listed property or brokerage services that consumers can view or experience as a separate unit (for example, e-mail messages or web pages) must include the broker’s licensed business name.” Per Idaho Real Estate Code Guideline 12.

Two. “Licensees are required to take two unique Idaho Commission Core courses in every active renewal period.” Per Idaho Real Estate Commission