What is required to get a license in Idaho?
For Salesperson:
- Proof of age 18 and above.
- Proof of completion of Pre-License Education.
- You must have a high school diploma or equivalent.
- Complete and pass the real estate examination.
- Register in the IREC online services.
- Get your fingerprints taken at the Pearson VUE test center preferably, otherwise contact IREC to have a fingerprint packet sent to you. Take the fingerprint card to the nearest law enforcement agency to have your fingerprints rolled. Your fingerprints must clear before you send in your application and you can check your fingerprint status on the IREC online services.
- Complete and sign the application form.
- Fees: Examination Fees (Salesperson: $85). License (Salesperson: $160)
For brokers:
- Proof of age 18 and above.
- Proof of completion of Pre-License Education (Brokerage Management, Real Estate Law, plus two electives from this list: Valuation & Analysis, Finance, GRI 101/102, GRI 201/202, or CCIM courses CI 101, CI 102, CI 103, CI 104).
- You must have a high school diploma or equivalent.
- Complete and pass the real estate examination.
- Complete and sign the application form.
- Register in the IREC online services.
- Get your fingerprints taken at the Pearson VUE test center preferably, otherwise contact IREC to have a fingerprint packet sent to you. Take the fingerprint card to the nearest law enforcement agency to have your fingerprints rolled. Your fingerprints must clear before you send in your application and you can check your fingerprint status on the IREC online services.
If you are opening a new office as a Designated Broker you must also:
- Complete the IREC Business Conduct & Office Operations (BCOO) course within the 3 years immediately preceding your application date.
- Register your entity and DBA name with the Idaho Secretary of State.
- Obtain E&O insurance for your business entity (not required for a sole proprietorship).
- Submit your application and in addition the appropriate Company application and fee (find the list here).
- Submit a Trust Account Notification form.
Fees: Examination Fees (Broker: $85). License (Broker: $160).
What score do I need to pass?
The salesperson exam has two portions, general practice and State Law 80 general practice questions and 40 State Law questions. To determine a score a statistical procedure known as equating is used to correct for differences in form difficulty. The passing score of an examination was set after a comprehensive study. The examination score is reported as a scaled score on a scale of 0-100, but it should not be interpreted as the percentage or number of questions answered correctly. With a passing score of 70, any score below 70 indicates how close the candidate came to passing, and not the actual number or percentage of questions answered correctly.
The broker exam consists of 80 general practice questions and 50 State Law questions. Equating is also used to score this examination and the passing score for brokers is 75.
You will receive your score immediately after you complete your exam.
How much time do I have to complete the exam?
- For the salesperson and broker exam you are allowed a total of 4 hours.
What should I bring with me for the exam?
- 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driverrel="nofollow" target="_blank" href="s license, passport, green card, U.S. social security card, debit or credit card with signature). One of the must be government issued.
- Basic (non-scientific) calculator.
What is the format of the exam?
The exam is given on a computer.
What is on the exam?
The general portion consists of the following sections:
- Real property characteristics, definitions, ownership, restrictions, and transfer
- Forms of ownership, transfer, and recording of title
- Property value and appraisal
- Real estate contracts and agency
- Real estate practice
- Property disclosures and environmental issues
- Financing and settlement
- Real estate math calculations
The State portion includes:
- Duties and powers of the real estate commission
- Licensing requirements
- License law and rules of the Idaho real estate commission
- Brokerage representation
- Calculations and closing costs
- Idaho principles and practices
- Brokerage management- broker only