Idaho Real Estate Broker — Requirements & Free Practice
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associate broker
Primary individual Idaho real estate license as an associate broker.
Licensing authority: Idaho Real Estate Commission · Application information
Initial licensure from active outside license with national examination waiver
- Age
- At least 18 years old (54-2012(1)(b)).
- Application
- Completed application, attachments and applicable fees; associate broker supplies the designated broker association and signature.
- Character
- 54-2012(1)(d)-(g) imposes disciplinary and criminal-history restrictions; felony and revocation suitability exemptions require the statutory waiting period and individualized review.
- Existing license
- Hold current active broker-equivalent license in another jurisdiction; a single-license jurisdiction applicant must be a principal/designated broker. Supply certified history showing status, standing and discipline; no reciprocity agreement is currently offered.
- Fingerprints
- Fingerprint-based criminal history check, including new fingerprints when an Idaho salesperson applies for broker licensure.
- Insurance
- Maintain statutory errors and omissions coverage before active licensing.
- Out of jurisdiction education
- 54-2015(1) exempts prelicense proof; 54-2016 still requires recent BCOO for designated brokers and branch managers.
- Score currency
- Pass each required licensing portion within twelve months before applying; extensions require Commission approval.
- Service
- Irrevocable consent to service and current contact information must be filed.
- Waived national exam
- The national exam is retained as a currently offered examination this pathway expressly involves; an approved certificate excuses this applicant from sitting it.
- Waiver
- Commission waives national portion, prelicense education and experience on approved active-license waiver. Apply the waiver before scheduling; without it both licensing portions are required. Certified histories remain acceptable for six months; waiver validity ends on expiration or inactivation.
Active renewal using live continuing education
- Continuing education
- Two Commission core courses plus twelve elective classroom hours; use full live attendance, for which 54-2036(2)(g) permits credit without examination.
- Existing license
- Current active license; submit timely renewal application and any applicable fee.
- Insurance
- Certify mandatory E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2023(1), active continuing education
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Branch manager appointment of an existing associate broker
- Bcoo
- Complete BCOO within three years before appointment; live attendance for CE credit does not require its exam; timely Brokerage Management satisfies the BCOO requirement.
- Existing license
- Hold an Idaho associate broker license.
- Office
- Regularly occupy and supervise the branch; manage only one branch at a time.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2016(4)(a)-(b), branch office licensing
- Idaho Code, Title 54, Chapter 20
54-2016(4)(b)-(c), associate broker branch manager and recent BCOO
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, designated broker and branch manager BCOO
Initial licensure by examination
All of the following:
- Real Estate National/General Examination for Brokers
- State of Idaho Broker Examination — State Portion
- Idaho Brokerage Management Prelicense Course Final Examination
- Idaho Real Estate Law Prelicense Course Final Examination
At least one of the following alternatives:
- Idaho Real Estate Finance Prelicense Course Final Examination (practice unavailable)
- Idaho Real Estate Valuation & Analysis Prelicense Course Final Examination (practice unavailable)
- Age
- At least 18 years old (54-2012(1)(b)).
- Application
- Completed application, attachments and applicable fees; associate broker supplies the designated broker association and signature.
- Broker electives
- Choose two approved electives: Finance, Valuation & Analysis, an approved Idaho GRI pair (GRI101+102 or GRI201+202), or CCIM CI101, CI102, CI103, CI104. Two GRI courses satisfy one elective. National designation coursework and any assessment associated with it are applicant education conditions, not identified nationwide licensing examination leaves. Finance and Valuation are alternatives within this open elective slot; neither is universal, and both can be chosen. The two-elective and minimum-hour conditions still apply.
- Character
- 54-2012(1)(d)-(g) imposes disciplinary and criminal-history restrictions; felony and revocation suitability exemptions require the statutory waiting period and individualized review.
- Education
- High-school graduation or equivalent/GED; salesperson prerequisites plus at least 90 hours of broker advanced education completed within three years (54-2012(1)(c), 54-2022).
- Education waivers
- Actively practicing attorneys may request the Real Estate Law course waiver; actively practicing appraisers may request the Valuation & Analysis waiver. Equivalent coursework, time extensions, and other good-cause waivers require individual Commission approval; these exemptions do not change the current examination identities.
- Experience
- Two years of full-time active salesperson practice in the preceding five years; the Commission FAQ specifies 15 completed sales/listings and at least $2 million volume. Experience can be reduced or modified by the Commission.
- Fingerprints
- Fingerprint-based criminal history check, including new fingerprints when an Idaho salesperson applies for broker licensure.
- Insurance
- Maintain statutory errors and omissions coverage before active licensing.
- Prelicense attendance
- Attend 100% of prelicense course instruction and pass each final at 70% or above.
- Score currency
- Pass each required licensing portion within twelve months before applying; extensions require Commission approval.
- Service
- Irrevocable consent to service and current contact information must be filed.
Association of an already qualified Idaho broker with a designated broker
- Association
- Associate with and represent a designated broker; change of license/status must be submitted to and approved by the Commission.
- Existing license
- Already qualified personally as an Idaho broker.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2004(4), associate-broker definition
- Idaho Code, Title 54, Chapter 20
54-2018(4), activation prerequisite list
Inactive renewal
- Continuing education
- The inactive-renewal prerequisite list in 54-2018(2)(b) requires fees rather than active-renewal CE and insurance certifications.
- Existing license
- Renew on inactive status and pay applicable renewal fees; inactive status prohibits brokerage activity.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(b), inactive renewal
Late renewal within the profession specific renewal period using live CE
- Board conditions
- Complete renewal prerequisites, any late fee and additional conditions imposed by the Commission; submit the expired-license activity attestation under rule 100.01.
- Continuing education
- For active renewal, satisfy CE through full live attendance and maintain insurance.
- Expiration
- License expired; no practice while expired. 54-2018(3) permits conditional late renewal within one year and then automatically terminates the license.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(3), late renewal and one-year termination
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
- IDAPA 24.37.01, Rules of the Idaho Real Estate Commission
100.01, expired-license attestation
Military, veteran, or spouse endorsement
- Board policy demand
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons states: To be eligible for licensure by endorsement under this section, an applicant MUST: • Submit an application to DOPL for the relevant license that is equivalent to their active license in another state or jurisdiction • Complete the Idaho portion of the license examination • Submit to a fingerprint-based background check • Provide proof of their status as a member of the military, a former member of the military after discharge under honorable conditions, a veteran, or a spouse of any such person. • Provide proof of their current active and unrestricted licensure in another state, district, or territory of the United States, or in any branch of the armed forces or the national guard The statute governs the requirement tree; this implementing demand is retained for the applicant.
- Disciplinary disclosure
- Disclose all current, pending and subsequent license disciplinary proceedings; authority may withhold, revoke or condition endorsement.
- Eligibility
- Member of the military, honorably discharged former member, veteran, or spouse; current valid unrestricted equivalent outside license and proof of status.
- Statutory examination prohibition
- 67-9406(4)(a) forbids any examination for ordinary condensed military endorsement; a distinct scope-expansion pathway under subsection (5) can require a tailored examination.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code section 67-9406
67-9406(1), qualifying endorsement applicants
- Idaho Code section 67-9406
67-9406(4)(a)-(b), endorsement examination prohibition
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons
Licensure by Endorsement, p. 1, Board examination demand
Reinstatement following active military service
- Qualifying event
- License lapsed or expired because of active military service.
- Reinstatement
- Contact DOPL on return. The Commission military policy waives renewal fee, CE requirements and renewal application.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons
Fee Exemption, p. 1, reinstatement following military service
Reactivation using live continuing education
- Bcoo
- Designated broker or branch manager also completes recent BCOO within three years; use live course attendance for CE credit.
- Education
- Current CE must be complete; no CE in initial licensing period. Otherwise two core courses plus twelve hours; use live attendance without examination.
- Existing license
- Inactive license; associate with an Idaho designated broker or establish the designated-broker office as applicable; submit application and any fee.
- Insurance
- Certify current E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(4), activation prerequisite list
- Idaho Code, Title 54, Chapter 20
54-2018(4)(b)-(e), designated broker activation
- Idaho Code, Title 54, Chapter 20
54-2023(1), active continuing education
- Idaho Code, Title 54, Chapter 20
54-2023(1)(b), designated and branch-manager activation
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Reinstatement after recovery fund suspension
- Repayment
- Repay the fund in full plus legal judgment interest before reinstatement; comply with any independently applicable suspension order conditions.
- Suspension
- License automatically suspended upon court-authorized recovery-fund payment.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2074, recovery-fund suspension and repayment
Real Estate Branch Office License
A branch office maintaining both trust funds and original transaction files must be separately licensed.
Licensing authority: Idaho Real Estate Commission · Application information
Initial licensed branch office establishment
- Main broker
- Actively licensed designated broker files the branch application and fee.
- Manager
- Name an associate broker as manager, with BCOO completed within three years; regularly occupy and supervise the branch.
- Records
- Separately license a branch that keeps trust funds or original transaction files; conduct business in the brokerage’s licensed name.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2016(4)(a)-(b), branch office licensing
- Idaho Code, Title 54, Chapter 20
54-2016(4)(b)-(c), associate broker branch manager and recent BCOO
Renewal of brokerage business license
- Application
- Renew with completed application, required fees and documentary compliance; 54-2018(2) and 67-2614(6)(b) list renewal requirements. Individual broker education/insurance remains a condition of that person’s separately licensed role.
- Continuing validity
- Maintain a qualified active designated broker; branch maintains qualified associate-broker manager.
- Existing license
- Existing brokerage entity or licensed branch.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2016(4)(a)-(b), branch office licensing
- Idaho Code section 67-2614
67-2614(6)(b), renewal requirements
Limited Authorization to Close Out a Deceased or Incapacitated Sole Proprietor Broker
Limited authorization to close out pending transactions on behalf of a deceased or incapacitated sole proprietor broker, only in accordance with the statutory section.
Licensing authority: Idaho Real Estate Commission · Application information
Temporary authorization after death or incapacity of sole proprietor broker
- Appointee
- Commission may authorize executor, administrator, conservator, personal representative, court-appointed guardian, other person or agency.
- Permitted acts
- Terminate nonpending brokerage agreements, finish pending offer negotiations, account for trust funds and promptly pay commissions owed. This is the limited authority defined by 54-2057(2).
- Qualifying event
- Sole-proprietor broker dies or becomes incapacitated.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2057(2), limited temporary closeout authorization
- Idaho Code, Title 54, Chapter 20
54-2057(2)(a)-(d), temporary closeout acts
cooperative licenses
Nontransferable authority for an actively licensed outside broker to cooperate with an Idaho designated broker in one commercial transaction.
Licensing authority: Idaho Real Estate Commission · Application information
Commercial transaction cooperative licensure
- Application
- Submit certified histories for the outside broker and participating associates, identification and contact information, Idaho cooperating broker consent/signature, consents to service, E&O proof and fee.
- Existing license
- Hold an active outside broker-equivalent license and maintain it while cooperating.
- Term
- Twelve months or earlier loss of active outside license; no renewal. An unfinished transaction requires a new application.
- Transaction scope
- One commercial transaction per nontransferable license; work through the Idaho broker in charge from beginning to end.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2017(1)(a)-(c), cooperative license application
- Idaho Code, Title 54, Chapter 20
54-2017(1)(d)-(f), cooperative documentary requirements
- Idaho Code, Title 54, Chapter 20
54-2017(1)(e)-(f), insurance and fee
- Idaho Code, Title 54, Chapter 20
54-2017(2), twelve-month cooperative license and reapplication
New cooperative application for an unfinished transaction
- New application
- Submit a new cooperative application meeting 54-2017(1) and continuing active outside licensure conditions.
- Prior license
- Transaction was not completed within twelve months; cooperative license cannot be renewed.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2017(2), twelve-month cooperative license and reapplication
- Idaho Code, Title 54, Chapter 20
54-2017(1)(a)-(c), cooperative license application
Real Estate Designated Broker
Individual broker responsible for a sole proprietorship or legal business entity.
Licensing authority: Idaho Real Estate Commission · Application information
Initial licensure from active outside license with national examination waiver
- Age
- At least 18 years old (54-2012(1)(b)).
- Application
- Completed application, attachments and applicable fees; associate broker supplies the designated broker association and signature.
- Character
- 54-2012(1)(d)-(g) imposes disciplinary and criminal-history restrictions; felony and revocation suitability exemptions require the statutory waiting period and individualized review.
- Existing license
- Hold current active broker-equivalent license in another jurisdiction; a single-license jurisdiction applicant must be a principal/designated broker. Supply certified history showing status, standing and discipline; no reciprocity agreement is currently offered.
- Fingerprints
- Fingerprint-based criminal history check, including new fingerprints when an Idaho salesperson applies for broker licensure.
- Insurance
- Maintain statutory errors and omissions coverage before active licensing.
- Office
- BCOO completed within three years before designation; timely Brokerage Management completion satisfies BCOO. Establish the office and submit the required company or sole-proprietor documentation.
- Out of jurisdiction education
- 54-2015(1) exempts prelicense proof; 54-2016 still requires recent BCOO for designated brokers and branch managers.
- Score currency
- Pass each required licensing portion within twelve months before applying; extensions require Commission approval.
- Service
- Irrevocable consent to service and current contact information must be filed.
- Waived national exam
- The national exam is retained as a currently offered examination this pathway expressly involves; an approved certificate excuses this applicant from sitting it.
- Waiver
- Commission waives national portion, prelicense education and experience on approved active-license waiver. Apply the waiver before scheduling; without it both licensing portions are required. Certified histories remain acceptable for six months; waiver validity ends on expiration or inactivation.
Active renewal using live continuing education
- Continuing education
- Two Commission core courses plus twelve elective classroom hours; use full live attendance, for which 54-2036(2)(g) permits credit without examination.
- Existing license
- Current active license; submit timely renewal application and any applicable fee.
- Insurance
- Certify mandatory E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2023(1), active continuing education
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Initial licensure by examination
All of the following:
- Real Estate National/General Examination for Brokers
- State of Idaho Broker Examination — State Portion
- Idaho Brokerage Management Prelicense Course Final Examination
- Idaho Real Estate Law Prelicense Course Final Examination
At least one of the following alternatives:
- Idaho Real Estate Finance Prelicense Course Final Examination (practice unavailable)
- Idaho Real Estate Valuation & Analysis Prelicense Course Final Examination (practice unavailable)
- Age
- At least 18 years old (54-2012(1)(b)).
- Application
- Completed application, attachments and applicable fees; associate broker supplies the designated broker association and signature.
- Broker electives
- Choose two approved electives: Finance, Valuation & Analysis, an approved Idaho GRI pair (GRI101+102 or GRI201+202), or CCIM CI101, CI102, CI103, CI104. Two GRI courses satisfy one elective. National designation coursework and any assessment associated with it are applicant education conditions, not identified nationwide licensing examination leaves. Finance and Valuation are alternatives within this open elective slot; neither is universal, and both can be chosen. The two-elective and minimum-hour conditions still apply.
- Character
- 54-2012(1)(d)-(g) imposes disciplinary and criminal-history restrictions; felony and revocation suitability exemptions require the statutory waiting period and individualized review.
- Education
- High-school graduation or equivalent/GED; salesperson prerequisites plus at least 90 hours of broker advanced education completed within three years (54-2012(1)(c), 54-2022).
- Education waivers
- Actively practicing attorneys may request the Real Estate Law course waiver; actively practicing appraisers may request the Valuation & Analysis waiver. Equivalent coursework, time extensions, and other good-cause waivers require individual Commission approval; these exemptions do not change the current examination identities.
- Experience
- Two years of full-time active salesperson practice in the preceding five years; the Commission FAQ specifies 15 completed sales/listings and at least $2 million volume. Experience can be reduced or modified by the Commission.
- Fingerprints
- Fingerprint-based criminal history check, including new fingerprints when an Idaho salesperson applies for broker licensure.
- Insurance
- Maintain statutory errors and omissions coverage before active licensing.
- Office
- BCOO completed within three years before designation; timely Brokerage Management completion satisfies BCOO. Establish the office and submit the required company or sole-proprietor documentation.
- Prelicense attendance
- Attend 100% of prelicense course instruction and pass each final at 70% or above.
- Score currency
- Pass each required licensing portion within twelve months before applying; extensions require Commission approval.
- Service
- Irrevocable consent to service and current contact information must be filed.
Designation for a legal business entity from an already held Idaho broker license
- Bcoo
- Complete BCOO within three years; timely Brokerage Management substitutes. This route uses live course attendance for credit under 54-2036(2)(g).
- Business entity role
- Corporate officer, general partner, or LLC member/manager with full authority to act for the entity and proof of authority.
- Existing license
- Already qualified and actively licensed Idaho broker.
- Office
- Establish required office, business name, trust-account arrangements, insurance and designation paperwork.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2016(1)(a)-(c), designated broker and recent BCOO
- Idaho Code, Title 54, Chapter 20
54-2016(1), legal business entity licensure
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, designated broker and branch manager BCOO
Sole proprietor designation from an already held Idaho broker license
- Bcoo
- Complete BCOO within three years; timely Brokerage Management substitutes; use the live continuing-education course under 54-2036(2)(g).
- Business name
- File an assumed business name when applicable.
- Existing license
- Already-qualified active Idaho broker.
- Insurance
- Certify mandatory E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2016(2), sole-proprietor prerequisites
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, designated broker and branch manager BCOO
Inactive renewal
- Continuing education
- The inactive-renewal prerequisite list in 54-2018(2)(b) requires fees rather than active-renewal CE and insurance certifications.
- Existing license
- Renew on inactive status and pay applicable renewal fees; inactive status prohibits brokerage activity.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(b), inactive renewal
Late renewal within the profession specific renewal period using live CE
- Board conditions
- Complete renewal prerequisites, any late fee and additional conditions imposed by the Commission; submit the expired-license activity attestation under rule 100.01.
- Continuing education
- For active renewal, satisfy CE through full live attendance and maintain insurance.
- Expiration
- License expired; no practice while expired. 54-2018(3) permits conditional late renewal within one year and then automatically terminates the license.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(3), late renewal and one-year termination
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
- IDAPA 24.37.01, Rules of the Idaho Real Estate Commission
100.01, expired-license attestation
Military, veteran, or spouse endorsement
- Board policy demand
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons states: To be eligible for licensure by endorsement under this section, an applicant MUST: • Submit an application to DOPL for the relevant license that is equivalent to their active license in another state or jurisdiction • Complete the Idaho portion of the license examination • Submit to a fingerprint-based background check • Provide proof of their status as a member of the military, a former member of the military after discharge under honorable conditions, a veteran, or a spouse of any such person. • Provide proof of their current active and unrestricted licensure in another state, district, or territory of the United States, or in any branch of the armed forces or the national guard The statute governs the requirement tree; this implementing demand is retained for the applicant.
- Disciplinary disclosure
- Disclose all current, pending and subsequent license disciplinary proceedings; authority may withhold, revoke or condition endorsement.
- Eligibility
- Member of the military, honorably discharged former member, veteran, or spouse; current valid unrestricted equivalent outside license and proof of status.
- Statutory examination prohibition
- 67-9406(4)(a) forbids any examination for ordinary condensed military endorsement; a distinct scope-expansion pathway under subsection (5) can require a tailored examination.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code section 67-9406
67-9406(1), qualifying endorsement applicants
- Idaho Code section 67-9406
67-9406(4)(a)-(b), endorsement examination prohibition
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons
Licensure by Endorsement, p. 1, Board examination demand
Reinstatement following active military service
- Qualifying event
- License lapsed or expired because of active military service.
- Reinstatement
- Contact DOPL on return. The Commission military policy waives renewal fee, CE requirements and renewal application.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons
Fee Exemption, p. 1, reinstatement following military service
Reactivation using live continuing education
- Bcoo
- Designated broker or branch manager also completes recent BCOO within three years; use live course attendance for CE credit.
- Education
- Current CE must be complete; no CE in initial licensing period. Otherwise two core courses plus twelve hours; use live attendance without examination.
- Existing license
- Inactive license; associate with an Idaho designated broker or establish the designated-broker office as applicable; submit application and any fee.
- Insurance
- Certify current E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(4), activation prerequisite list
- Idaho Code, Title 54, Chapter 20
54-2018(4)(b)-(e), designated broker activation
- Idaho Code, Title 54, Chapter 20
54-2023(1), active continuing education
- Idaho Code, Title 54, Chapter 20
54-2023(1)(b), designated and branch-manager activation
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Reinstatement after recovery fund suspension
- Repayment
- Repay the fund in full plus legal judgment interest before reinstatement; comply with any independently applicable suspension order conditions.
- Suspension
- License automatically suspended upon court-authorized recovery-fund payment.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2074, recovery-fund suspension and repayment
Real Estate Brokerage Legal Business Entity License
Brokerage entity license supported by a separately qualified designated broker.
Licensing authority: Idaho Real Estate Commission · Application information
Continuation through replacement of designated broker
- Approval
- Written designation notice is effective when received and approved by the Commission.
- Replacement
- Designate a new qualified individual within ten business days after the previous designated broker ceases to qualify; otherwise the entity license terminates.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2039(2)-(3), broker replacement
Initial brokerage legal business entity licensing
- Designated broker
- Name a properly licensed individual designated broker, with the statutory corporate/partnership/LLC position, full authority and recent BCOO completion. The individual’s own licensing is a separate credential route.
- Documentation
- Application, required fee, entity authority documents, E&O coverage and assumed-name filing when applicable.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2016(1), legal business entity licensure
- Idaho Code, Title 54, Chapter 20
54-2016(1)(a)-(c), designated broker and recent BCOO
- Idaho Code, Title 54, Chapter 20
54-2016(1)(f)-(g), entity insurance and assumed name
Renewal of brokerage business license
- Application
- Renew with completed application, required fees and documentary compliance; 54-2018(2) and 67-2614(6)(b) list renewal requirements. Individual broker education/insurance remains a condition of that person’s separately licensed role.
- Continuing validity
- Maintain a qualified active designated broker; branch maintains qualified associate-broker manager.
- Existing license
- Existing brokerage entity or licensed branch.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2016(1), legal business entity licensure
- Idaho Code section 67-2614
67-2614(6)(b), renewal requirements
limited broker
Otherwise qualified Idaho broker unable to provide statutory management and supervision; no associated sales associates.
Licensing authority: Idaho Real Estate Commission · Application information
Initial licensure from active outside license with national examination waiver
- Age
- At least 18 years old (54-2012(1)(b)).
- Application
- Completed application, attachments and applicable fees; associate broker supplies the designated broker association and signature.
- Character
- 54-2012(1)(d)-(g) imposes disciplinary and criminal-history restrictions; felony and revocation suitability exemptions require the statutory waiting period and individualized review.
- Existing license
- Hold current active broker-equivalent license in another jurisdiction; a single-license jurisdiction applicant must be a principal/designated broker. Supply certified history showing status, standing and discipline; no reciprocity agreement is currently offered.
- Fingerprints
- Fingerprint-based criminal history check, including new fingerprints when an Idaho salesperson applies for broker licensure.
- Insurance
- Maintain statutory errors and omissions coverage before active licensing.
- Out of jurisdiction education
- 54-2015(1) exempts prelicense proof; 54-2016 still requires recent BCOO for designated brokers and branch managers.
- Score currency
- Pass each required licensing portion within twelve months before applying; extensions require Commission approval.
- Service
- Irrevocable consent to service and current contact information must be filed.
- Supervision
- Unable to manage and supervise under 54-2038; no sales associates may be licensed under the limited broker.
- Waived national exam
- The national exam is retained as a currently offered examination this pathway expressly involves; an approved certificate excuses this applicant from sitting it.
- Waiver
- Commission waives national portion, prelicense education and experience on approved active-license waiver. Apply the waiver before scheduling; without it both licensing portions are required. Certified histories remain acceptable for six months; waiver validity ends on expiration or inactivation.
Active renewal using live continuing education
- Continuing education
- Two Commission core courses plus twelve elective classroom hours; use full live attendance, for which 54-2036(2)(g) permits credit without examination.
- Existing license
- Current active license; submit timely renewal application and any applicable fee.
- Insurance
- Certify mandatory E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2023(1), active continuing education
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Initial licensure by examination
All of the following:
- Real Estate National/General Examination for Brokers
- State of Idaho Broker Examination — State Portion
- Idaho Brokerage Management Prelicense Course Final Examination
- Idaho Real Estate Law Prelicense Course Final Examination
At least one of the following alternatives:
- Idaho Real Estate Finance Prelicense Course Final Examination (practice unavailable)
- Idaho Real Estate Valuation & Analysis Prelicense Course Final Examination (practice unavailable)
- Age
- At least 18 years old (54-2012(1)(b)).
- Application
- Completed application, attachments and applicable fees; associate broker supplies the designated broker association and signature.
- Broker electives
- Choose two approved electives: Finance, Valuation & Analysis, an approved Idaho GRI pair (GRI101+102 or GRI201+202), or CCIM CI101, CI102, CI103, CI104. Two GRI courses satisfy one elective. National designation coursework and any assessment associated with it are applicant education conditions, not identified nationwide licensing examination leaves. Finance and Valuation are alternatives within this open elective slot; neither is universal, and both can be chosen. The two-elective and minimum-hour conditions still apply.
- Character
- 54-2012(1)(d)-(g) imposes disciplinary and criminal-history restrictions; felony and revocation suitability exemptions require the statutory waiting period and individualized review.
- Education
- High-school graduation or equivalent/GED; salesperson prerequisites plus at least 90 hours of broker advanced education completed within three years (54-2012(1)(c), 54-2022).
- Education waivers
- Actively practicing attorneys may request the Real Estate Law course waiver; actively practicing appraisers may request the Valuation & Analysis waiver. Equivalent coursework, time extensions, and other good-cause waivers require individual Commission approval; these exemptions do not change the current examination identities.
- Experience
- Two years of full-time active salesperson practice in the preceding five years; the Commission FAQ specifies 15 completed sales/listings and at least $2 million volume. Experience can be reduced or modified by the Commission.
- Fingerprints
- Fingerprint-based criminal history check, including new fingerprints when an Idaho salesperson applies for broker licensure.
- Insurance
- Maintain statutory errors and omissions coverage before active licensing.
- Prelicense attendance
- Attend 100% of prelicense course instruction and pass each final at 70% or above.
- Score currency
- Pass each required licensing portion within twelve months before applying; extensions require Commission approval.
- Service
- Irrevocable consent to service and current contact information must be filed.
- Supervision
- Unable to manage and supervise under 54-2038; no sales associates may be licensed under the limited broker.
Limited broker licensing of an already qualified Idaho broker
- Existing license
- Otherwise qualified Idaho broker.
- Scope
- Unable to provide statutory management and supervision; no associated salespersons or associate brokers.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2038(2), limited broker
- Idaho Code, Title 54, Chapter 20
54-2011(1), primary license types
Inactive renewal
- Continuing education
- The inactive-renewal prerequisite list in 54-2018(2)(b) requires fees rather than active-renewal CE and insurance certifications.
- Existing license
- Renew on inactive status and pay applicable renewal fees; inactive status prohibits brokerage activity.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(2)(b), inactive renewal
Late renewal within the profession specific renewal period using live CE
- Board conditions
- Complete renewal prerequisites, any late fee and additional conditions imposed by the Commission; submit the expired-license activity attestation under rule 100.01.
- Continuing education
- For active renewal, satisfy CE through full live attendance and maintain insurance.
- Expiration
- License expired; no practice while expired. 54-2018(3) permits conditional late renewal within one year and then automatically terminates the license.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(3), late renewal and one-year termination
- Idaho Code, Title 54, Chapter 20
54-2018(2)(a), active renewal prerequisites
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
- IDAPA 24.37.01, Rules of the Idaho Real Estate Commission
100.01, expired-license attestation
Military, veteran, or spouse endorsement
- Board policy demand
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons states: To be eligible for licensure by endorsement under this section, an applicant MUST: • Submit an application to DOPL for the relevant license that is equivalent to their active license in another state or jurisdiction • Complete the Idaho portion of the license examination • Submit to a fingerprint-based background check • Provide proof of their status as a member of the military, a former member of the military after discharge under honorable conditions, a veteran, or a spouse of any such person. • Provide proof of their current active and unrestricted licensure in another state, district, or territory of the United States, or in any branch of the armed forces or the national guard The statute governs the requirement tree; this implementing demand is retained for the applicant.
- Disciplinary disclosure
- Disclose all current, pending and subsequent license disciplinary proceedings; authority may withhold, revoke or condition endorsement.
- Eligibility
- Member of the military, honorably discharged former member, veteran, or spouse; current valid unrestricted equivalent outside license and proof of status.
- Statutory examination prohibition
- 67-9406(4)(a) forbids any examination for ordinary condensed military endorsement; a distinct scope-expansion pathway under subsection (5) can require a tailored examination.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code section 67-9406
67-9406(1), qualifying endorsement applicants
- Idaho Code section 67-9406
67-9406(4)(a)-(b), endorsement examination prohibition
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons
Licensure by Endorsement, p. 1, Board examination demand
Reinstatement following active military service
- Qualifying event
- License lapsed or expired because of active military service.
- Reinstatement
- Contact DOPL on return. The Commission military policy waives renewal fee, CE requirements and renewal application.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Real Estate Commission, Real Estate Licensing & Certification Policies for Military Persons
Fee Exemption, p. 1, reinstatement following military service
Reactivation using live continuing education
- Bcoo
- Designated broker or branch manager also completes recent BCOO within three years; use live course attendance for CE credit.
- Education
- Current CE must be complete; no CE in initial licensing period. Otherwise two core courses plus twelve hours; use live attendance without examination.
- Existing license
- Inactive license; associate with an Idaho designated broker or establish the designated-broker office as applicable; submit application and any fee.
- Insurance
- Certify current E&O coverage.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2018(4), activation prerequisite list
- Idaho Code, Title 54, Chapter 20
54-2018(4)(b)-(e), designated broker activation
- Idaho Code, Title 54, Chapter 20
54-2023(1), active continuing education
- Idaho Code, Title 54, Chapter 20
54-2023(1)(b), designated and branch-manager activation
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Reinstatement after recovery fund suspension
- Repayment
- Repay the fund in full plus legal judgment interest before reinstatement; comply with any independently applicable suspension order conditions.
- Suspension
- License automatically suspended upon court-authorized recovery-fund payment.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2074, recovery-fund suspension and repayment
Limited License by Military Endorsement
Discretionary limited license restricting practice to the scope authorized by prior licensure pending additional requirements; a narrowly tailored examination or partial examination may assess qualifications for a full license.
Licensing authority: Idaho Real Estate Commission, Division of Occupational and Professional Licenses · Application information
Restricted military endorsement pending scope expansion
- Conversion
- Additional education, training and other requirements may apply to full licensing; 67-9406(5) permits a narrowly tailored assessment only for proving full-license competence, surveyed separately.
- Eligibility
- Qualify under 67-9406(1)-(2).
- Scope comparison
- Authority determines Idaho practice is broader and restricts the license to the authorized prior scope.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code section 67-9406
67-9406(1), qualifying endorsement applicants
- Idaho Code section 67-9406
67-9406(4)(a)-(b), endorsement examination prohibition
- Idaho Code section 67-9406
67-9406(5), limited endorsement and tailored examination
Provisional Real Estate Broker License
At most three-month active-license extension to finish continuing education; original expiration date retained.
Licensing authority: Idaho Real Estate Commission · Application information
Hardship extension at activation
- Existing license
- Existing inactive Idaho broker applying to activate.
- Extension
- At most three months; satisfy the applicable continuing education requirements under 54-2023 using permitted credit methods, including certified-instructor teaching credit under 54-2023(6)(e), or the license automatically inactivates. Original expiration date retained.
- Hardship
- Submit evidence of the qualifying inability to complete required education.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2023(8), extension prerequisites
- Idaho Code, Title 54, Chapter 20
54-2023(8), three-month provisional license
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Hardship extension at active renewal
- Education
- Satisfy the applicable continuing education requirements under 54-2023 using permitted credit methods, including certified-instructor teaching credit under 54-2023(6)(e). Under 54-2036(2)(g), personal attendance at the entire live presentation of an approved course permits course credit without taking or passing its examination; that attendance exception does not establish assessment requirements for other credit methods.
- Existing license
- Existing Idaho broker applying to renew active license.
- Extension
- At most three months, no additional extension, original expiration date retained; unfinished CE causes automatic inactivation.
- Hardship
- Submit evidence of bona fide hardship, health reasons or other compelling cause beyond control preventing CE completion.
Official no-examination sources
Effective from 2026-09-22.
- Idaho Code, Title 54, Chapter 20
54-2023(8), extension prerequisites
- Idaho Code, Title 54, Chapter 20
54-2023(8), three-month provisional license
- Idaho Code, Title 54, Chapter 20
54-2036(2)(g), live continuing education without examination
Idaho Real Estate Finance Prelicense Course Final Examination
- Provider
- Commission-certified course providers
- Passing score
- 70% minimum
Examination outline
- Introduction to real estate financing, the sources and application of funds, commonly-used financial instruments, institutional structures and policies, and loan processing.
Examination sources
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, Real Estate Finance
- Idaho Code, Title 54, Chapter 20
54-2036(2)(f), scored prelicense final examination
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 21, scored course final and retake
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 20, exam administration and security
- Idaho Real Estate Education Council, Approved Textbooks
Broker Prelicense, FI003 and FI003R
Idaho Real Estate Law Prelicense Course Final Examination
- Provider
- Commission-certified course providers
- Passing score
- 70% minimum
Practice scope
The authority has not published an examination outline; the practice questions follow the scope of the existing question bank.
Principles of law governing interests in real estate and contract law, with emphasis on Idaho law
- Interests in real estate under Idaho law
- Contract law under Idaho law
Examination sources
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, Real Estate Law
- Idaho Code, Title 54, Chapter 20
54-2036(2)(f), scored prelicense final examination
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 21, scored course final and retake
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 20, exam administration and security
- Idaho Real Estate Education Council, Approved Textbooks
Broker Prelicense, LW002 and LW002R
Idaho Brokerage Management Prelicense Course Final Examination
- Provider
- Commission-certified course providers
- Passing score
- 70% minimum
Practice scope
The authority has not published an examination outline; the practice questions follow the scope of the existing question bank.
- Setting up and operating an Idaho real estate brokerage office in accordance with Idaho law
Examination sources
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, Brokerage Management
- Idaho Code, Title 54, Chapter 20
54-2036(2)(f), scored prelicense final examination
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 21, scored course final and retake
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 20, exam administration and security
- Idaho Real Estate Education Council, Approved Textbooks
Broker Prelicense, BM002 and BM002R
State of Idaho Broker Examination — State Portion
- Provider
- Pearson VUE
- Format
- Computer-delivered examination
- Exam questions
- 50 scored questions plus 5-10 unscored pretest questions
- Time limit
- 90 minutes
- Passing score
- 75 scaled score
Examination outline
I. Duties and Powers of the Real Estate Commission (4%)
- A. General Powers
- B. Investigations, audits, hearings, appeals
- C. Sanctions
- C.1. Fines
- C.2. License suspension and revocation
II. Licensing Requirements (4%)
- 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 (30%)
- 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) (20%)
- 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 (10%)
VI. Idaho Principles and Practices (12%)
- 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
VII. Brokerage Management (Broker Only) (20%)
- A. Broker Supervision
- B. Requirements to maintain a Brokerage License
- C. Brokerage Operations
Examination sources
- Pearson VUE, Idaho Real Estate State Content Outlines
Idaho State Exam Content Outline, Outlines 09, effective date
- Pearson VUE, Idaho Real Estate State Content Outlines
Idaho State Exam Content Outline, Outlines 09, scored state broker examination
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- Idaho Code, Title 54, Chapter 20
54-2014(1), examinations and score currency
- Pearson VUE, Idaho Real Estate Candidate Handbook
Introduction, p. 2, Idaho retains Pearson VUE
- Pearson VUE, Idaho Real Estate Candidate Handbook
Score Reporting, p. 8, independent portions
Idaho Real Estate Valuation & Analysis Prelicense Course Final Examination
- Provider
- Commission-certified course providers
- Passing score
- 70% minimum
Examination outline
- Introduction to the appraisal process and the different approaches and techniques used to determine the value of various types of property, with an emphasis on residential brokerage practice.
Examination sources
- Idaho Real Estate Commission, Education > Applicants
Broker Prelicense Education, Valuation & Analysis
- Idaho Code, Title 54, Chapter 20
54-2036(2)(f), scored prelicense final examination
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 21, scored course final and retake
- Idaho Real Estate Commission, Education & Certification Policy
DOPL Provided Real Estate Courses, p. 20, exam administration and security
- Idaho Real Estate Education Council, Approved Textbooks
Broker Prelicense, VA002 and VA002R
Real Estate National/General Examination for Brokers
- Provider
- Pearson VUE
- Format
- National/general portion of state real estate broker licensing examinations, scored separately from the state portion; every item is classified as knowledge, application or analysis; candidates who fail retake only the portion they failed
- Exam questions
- 80 scored items plus 5 unscored pretest items
Examination outline
I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 5 APPLICATION, 3 ANALYSIS)
- A. Real property vs. personal property (3 Items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
- B. Characteristics of real property (2 Items): 1. Economic characteristics — a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs; 2. Physical characteristics — a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness
- C. Legal descriptions (2 Items): 1. Methods used to describe real property; 2. Survey
- D. Public and private land use controls – encumbrances (3 Items): 1. Public controls – governmental powers — a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances; 2. Private controls, restrictions, and encroachments — a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments
II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (BROKER 8 of 80 scored items; 2 KNOWLEDGE, 3 APPLICATION, 3 ANALYSIS)
- A. Ownership, estates, rights, and interests (4 Items): 1. Forms of ownership; 2. Freehold estate — a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights; 3. Leasehold estates and types of leases — a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, and etc.; 4. Liens and lien priority; 5. Air surface and sub-surface rights
- B. Deed, title, transfer of title, and recording of title (4 Items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer — a. Voluntary alienation; b. Involuntary alienation; 4. Recording the title — a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance
III. PROPERTY VALUE AND APPRAISAL (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 4 APPLICATION, 4 ANALYSIS)
- A. Concept of value (3 Items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
- B. Appraisal process (3 Items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
- C. Methods of estimating value and Broker Price Opinions (BPO) (4 Items): 1. Sales comparison approach (market data); 2. Cost approach — a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs; 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
IV. REAL ESTATE CONTRACTS AND AGENCY (BROKER 15 of 80 scored items; 3 KNOWLEDGE, 6 APPLICATION, 6 ANALYSIS)
- A. Types of contracts (2 Items): 1. Express vs. implied; 2. Unilateral vs. bilateral
- B. Required elements of a valid contract (3 Items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
- C. Contract performance (2 Items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Electronic contracts and digital signatures; 7. Statute of Frauds; 8. Time is of the essence
- D. Sales contract (2 Items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
- E. Types of agency and licensee-client relationships (2 Items)
- F. Creation and termination of agency (2 Items)
- G. Licensee obligations to parties of a transaction (2 Items)
V. REAL ESTATE PRACTICE (BROKER 12 of 80 scored items; 5 KNOWLEDGE, 5 APPLICATION, 2 ANALYSIS)
- A. Responsibilities of broker (3 Items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
- B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 Items): 1. Seller representation – Types of listing agreements — a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS); 2. Buyer representation; 3. Property management agreement — a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits; 4. Termination of agreements; 5. Services, fees, and compensation
- C. Fair Housing (3 Items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
- D. Risk management (3 Items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance — a. Errors and Omissions; b. General Liability
VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (BROKER 9 of 80 scored items; 4 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
- A. Property conditions and environmental issues (5 Items): 1. Hazardous substances — a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance; 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) — a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection
- B. Environmental and property disclosure obligations and liability (4 Items)
VII. FINANCING AND SETTLEMENT (BROKER 8 of 80 scored items; 3 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
- A. Financing concepts and components (2 Items): 1. Methods of financing — a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed; 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
- B. Lender Requirements (2 Items): 1. FHA requirements; 2. VA requirements; 3. USDA loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
- C. Federal Financing Regulations and Regulatory Bodies (2 Items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) — a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD); 3. Real Estate Settlement Procedures Act (RESPA) — a. Referrals; b. Rebates; 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
- D. Settlement and closing the transaction (2 Items)
VIII. REAL ESTATE MATH CALCULATIONS (BROKER 8 of 80 scored items; 3 APPLICATION, 5 ANALYSIS)
- A. Property area calculations (1 Item): 1. Square footage; 2. Acreage total
- B. Property valuation (2 Items): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Gross rent multiplier; 5. Gross income multiplier; 6. Equity in property; 7. Establishing a listing price; 8. Assessed value and property taxes
- C. Commission/compensation (1 Item)
- D. Loan financing costs (1 Item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
- E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
- F. Investment (1 Item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
- G. Property management calculations (1 Item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
Cover page, list of national/general content outlines
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, introductory paragraph, second sentence
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, section VIII heading
- Pearson VUE, Delaware Real Estate Candidate Handbook
Cover page of the National/General Content Outlines insert
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, introductory paragraph, cognitive level classification
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, pretest paragraph
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, sentences on failing candidates and reexamination
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, sentence on the failing score report
- Pearson VUE, Delaware Real Estate Candidate Handbook
Overview steps, step on reservation
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, retake rule