Quiz
j - Test, Chapter 1 (22 questions) - IMPORTANT
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1Initial application for a real estate license is administered by:
- AIdaho Employment Department
- BIdaho Department of Occupational Licensing
- CIdaho Real Estate Commission
- DIdaho Secretary of State
2The primary purpose of the Idaho Real Estate Commission is to:
- AProtect the public and industry
- BDefend the public and industry
- CProtect private property rights
- DDefend complaints against licensees
3Where does the money come from to operate the Idaho Real Estate Commission?
- AState of Idaho general fund
- BAll active licensees
- CAll licensees
- DAll brokerage companies
4The Idaho Real Estate Commission consists of how many member commissioners?
- A3
- B4
- C5
- D6
5The Idaho Real Estate Commission generally meets:
- AMonthly
- BQuarterly
- CSemi-annually
- DAnnually
6Course make-up work is allowed ONLY for:
- AAny certified IREC approved course
- BContinuing Education (CE) courses
- CAny pre-license courses
- DAll pre-license and CE courses
7Prelicense courses must be successfully completed prior to license application within:
- A1 year
- B3 years
- C5 years
- D10 years
8Change of personal information (must) be submitted to the IREC no later than:
- A1 week
- B10 days
- C1 month
- D30 days
9How many IREC Core classes are required for license renewal:
- AOne
- BTwo
- CThree
- DFour
10An independent E&O insurance policy must have an A.M. Best rating of at least:
- AA
- BB+
- CB
- DC+
11License renewal must be received no later than ___________ of the expiration date at the Commission office in Boise.
- AMidnight
- B5 p.m. Pacific time
- C5 p.m. Mountain time
- DPost marked by 5 p.m.
12What is the minimum pass rate score for a broker taking the Idaho state exam?
- A65%
- B70%
- C75%
- D80%
13Who is required to have a real estate license to practice real estate?
- AAnyone assisting another to sell their property.
- BAnyone, with expectation of compensation, while acting for another, offers to list property for sale.
- CAnyone, with expectation of compensation, offers to sell personal property.
- DAnyone, for compensation, leases a commercial building.
14An example of an exception to being required to have a real estate license is:
- APurchasing real property for another for compensation,
- BListing real property for another for compensation,
- CNegotiations for another an option for real property for compensation,
- DOffering property management or leasing for another for compensation.
15What's the minimum age to secure a real estate license in Idaho?
- A16
- B18
- C20
- D21
16Minimum elective hours of Continuing Education required to renew a real estate license are:
- A16 hours plus 1 Core
- B16 hours including 2 Core
- C12 hours plus 1 Core
- D12 hours plus 2 Core
17When does a real estate license expire?
- AThe last day of licensees birth month
- BThe first day of licensees birth month
- C2 years from the date of licensing
- D2 years from date of completing CE education
18A student, whose birthday is June 5, passed their state exam on April 8, and applied for and received their license on April 18, 2014. When does their license expire?
- AApril 18, 2015
- BJune 5, 2015
- CJune 30, 2015
- DApril 18, 2016
19When do initial fingerprints expire prior to receiving a real estate license?
- AFingerprints are fingerprints, they don't expire
- BFingerprint results are valid for 6 months
- CFingerprints are valid for 1 year
- DFingerprints aren't required if the license applicant already has them
20What type of insurance is required for an inactive real estate licensee?
- AErrors & Omissions Insurance
- BAutomobile liability insurance
- CPersonal liability insurance
- DNone
21To be effective, tail coverage for E&O insurance must be purchased within how many days from cancellation?
- ATail coverage is automatically included with E&O insurance
- B60 days from cancellation
- C90 days from cancellation
- D120 days from cancellation
22What document needs to accompany an application for real estate license?
- AVerification of taking a license exam
- BFingerprints taken a year ago
- CProof of automobile insurance
- DHigh school diploma or equivalency
Informationen
- Beschreibung
- j - Test, Chapter 1
- Autor
- J R
- Sprache
- English
- Aufrufe
- 28
- Schlagwörter
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