Idaho Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

Who may an actively licensed Idaho real estate salesperson collect compensation from?

Any clients directly involved in a transaction
A licensed broker who they are associated with
Any office manager in their firm
Only from transactions they complete independently

The correct answer is: A licensed broker who they are associated with

An actively licensed Idaho real estate salesperson can collect compensation from a licensed broker with whom they are associated. This relationship is established because real estate salespersons must work under the supervision of a licensed broker to legally conduct their business. The broker holds the license that allows the firm to operate, and therefore, they are responsible for overseeing transactions and ensuring compliance with state laws. Compensation for the services provided by the salesperson is typically paid through the broker, who then distributes the agreed-upon share to the salesperson. This structure reinforces the importance of the broker's role in the real estate industry and ensures that salespersons are working within a regulated framework. In contrast, collecting directly from clients or any office manager does not align with the established regulations governing real estate practices in Idaho. Moreover, a salesperson cannot receive compensation for transactions that they complete independently because such actions would bypass the necessary broker oversight required in real estate dealings.