Idaho Real Estate Practice Exam

Under what condition can a broker with an active license from another state conduct real estate business in Idaho?

1. With the approval of the Idaho Real Estate Commission

2. Following office agency policy

3. After obtaining an Idaho license

4. By partnering with a licensed Idaho broker

The correct answer is: Following office agency policy

The most appropriate condition under which a broker with an active license from another state can conduct real estate business in Idaho is with the approval of the Idaho Real Estate Commission. This is due to the legal requirement that out-of-state brokers must comply with specific regulations established by the state in order to operate within its jurisdiction. Idaho mandates that any broker wishing to transact business needs to either be licensed in Idaho or to operate under the supervision of a local licensed broker. While partnerships or collaborative arrangements may occur, they are contingent upon formal recognition by the Real Estate Commission. Therefore, to conduct real estate transactions legally in Idaho as an out-of-state broker, the broker needs to seek and obtain explicit approval from the Idaho Real Estate Commission, which ensures that all activities conform to state laws and regulations. This process is in place to protect consumers and maintain high professional standards within the industry.