Idaho Real Estate Quiz

What is the minimum age requirement to obtain a real estate license in Idaho?

• 18 years old

• 21 years old

• 25 years old

• 30 years old

Which of the following is a requirement for a real estate license in Idaho?

• High school diploma or equivalent

• Bachelor's degree

• Master's degree

• Doctorate degree

What is the property tax rate in Idaho based on?

• Market value of the property

• Purchase price of the property

• Assessed value of the property

• Owner's income

In Idaho, who is responsible for paying property taxes?

• The tenant

• The property owner

• The real estate agent

• The state government

What is a single agent in Idaho real estate?

• An agent who represents both the buyer and the seller

• An agent who represents only one party in a transaction

• An agent who works alone without a brokerage

• An agent who only deals with single-family homes

What is a dual agent in Idaho real estate?

• An agent who represents both the buyer and the seller in the same transaction

• An agent who works with another agent

• An agent who has two licenses

• An agent who deals with commercial and residential properties

What is encroachment in real estate terms?

• A legal claim against a property

• Unauthorized intrusion onto another person's property

• A type of property tax

• A method of property valuation

What is the purpose of escrow in a real estate transaction?

• To hold funds or documents until certain conditions are met

• To determine the market value of a property

• To provide insurance for the property

• To transfer property ownership

What does title insurance protect against?

• Future property taxes

• Defects in the title that occurred before the policy was issued

• Natural disasters

• Property depreciation

In real estate, what does the term "priority" refer to?

• The order in which liens are paid off

• The importance of a property

• The value of a property

• The order of property listings