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Idaho Laws, Rules, and Regulations Examination – Salesperson — Information & Free Practice

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Idaho Laws, Rules, and Regulations Examination – Salesperson

Provider
Pearson VUE
Format
Computer-based questions
Exam questions
40 scored items plus 5–10 unscored pretest items
Time limit
90 minutes for the state portion
Passing score
Scaled score of 70 on a 0–100 scale
Examination outline
  • I. Duties and Powers of the Real Estate Commission (5%)
    • A. General Powers
    • B. Investigations, audits, hearings, appeals
    • C. Sanctions
    • C.1. Fines
    • C.2. License suspension and revocation
  • II. Licensing Requirements (10%)
    • A. Activities requiring a license
    • B. Eligibility for licensing
    • C. License renewal
    • D. Change in license/status
    • E. Education
  • III. License Law and Rules of the Idaho Real Estate Commission (40%)
    • A. Advertising/Use of business name
    • B. Broker-salesperson relationship
    • C. Sales Commissions and fees
    • D. Document handling and record keeping
    • E. Handling of monies/Consideration (items of value)
    • F. Trust accounts
    • G. Offers, counteroffers, acceptance
    • H. Office operations and business practices
    • I. Prohibited conduct
  • IV. Brokerage Representation (Agency Law) (25%)
    • A. Agency contracts
    • B. Types
    • C. Obligations to parties
    • D. Termination of agency
    • E. Limits of confidentiality
    • F. Disclosing agency relationships
  • V. Calculations and Closing Costs (5%)
  • VI. Idaho Principles and Practices (15%)
    • A. Financing
    • B. Trust deeds, notes, mortgages, contract for deed
    • C. Foreclosure
    • D. Ownership/Possession and Community Property
    • E. Real estate valuation
    • E.1. Property taxes/assessed value
    • E.2. Homeowner’s exemption
    • F. Recording
    • G. Mobile homes/manufactured housing
    • H. Water rights
    • I. Land use controls; zoning, subdivision
Examination sources

Related license preparation

This examination may be required or accepted as an alternative, depending on the license and application pathway.