Idaho Real Estate Practice Exam

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Prepare for the Idaho Real Estate Test. Use flashcards and multiple-choice questions, with hints and explanations for each and get exam-ready!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is an example of a permissible action without a real estate license in Idaho?

Helping a friend move their belongings
Managing one's own rental property
Providing real estate advice for a fee
Offering to sell your own property

The correct answer is: Offering to sell your own property

Offering to sell your own property is a permissible action without a real estate license in Idaho. This is because individuals have the right to sell their own real estate without needing a license, as this is considered a personal transaction. The law recognizes that people can conduct transactions involving their own properties without the formalities required for those acting as agents for others. In contrast, providing real estate advice for a fee typically requires a license, as it involves the exchange of professional services for compensation. Similarly, managing rental properties that are not your own generally necessitates a license to ensure proper adherence to laws and regulations. Helping a friend move belongings does not directly relate to real estate transactions and therefore does not require a license, but it is not as relevant to the context of real estate ownership or transactions as selling one’s own property.