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Become A Real Estate Agent In Idaho
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Idaho or anyone looking to become a real estate agent or realtor in Idaho. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The Idaho Real Estate Commission
administers all aspects of the real estate law in the state. The office of the
Commission is in Boise.
The requirements for a real estate salesperson license in Idaho include being at least 18 years of age and
having a high school diploma or GED. Applicants need to successfully complete the approved prelicensure education courses
and successfully pass the salesperson real estate examinations.
The requirements for a real estate broker license in Idaho include being at least 18 years of age and having
a high school diploma or GED. Applicants for the broker license need to provide proof of two years active experience
as a real estate salesperson during the preceding five years. This proof will include, among other things, the number
of completed sales and listings that the salesperson accomplished during the two year period. The real estate broker
the salesperson worked under needs to provide a certified statement regarding the activity of the salesperson.
Broker applicants need to successfully complete the broker prelicensure education courses, and successfully pass
the broker real estate examinations. Idaho brokers must have a physical business location within the state and a business name.
The business name may be the broker’s personal name.
All licensed Idaho real estate agents need to provide both fingerprints and the approval for a criminal activity
investigation, and they must successfully complete continuing education courses during each renewal term
of their license. When Idaho real estate salespersons apply for a real estate broker license they need to provide a new
set of fingerprints and undergo a new criminal activity investigation.
Errors and Omission Insurance is mandatory for all real estate agents doing business in Idaho. Applicants must
not have had a license revoked, suspended, surrendered, or renewal refused within the preceding five years, and must not
have been convicted of a crime or completed confinement with the preceding five years.
The original license fee for new licensees is based on one year plus the number of months until the agent’s birth date.
The licenses are renewed for a two year period and expire on the agent’s birthday. License fees are $150.00 per year maximum,
with a $25.00 fee for renewing late.
Idaho has reciprocity with three other states: Wyoming, Oregon and Montana. Real estate agents from other states
can apply for an Idaho license with a varying number of requirements for education and experience.
Many of the Idaho real estate forms may be accessed
online, and you can also locate the approved real estate education providers
(http://www.irec.idaho.gov/certify.html) online.
Real estate careers are strengthened by membership in the many organizations
that provide services for the professional agent. Those holding a real estate
license usually join organizations like the Idaho
Association of Realtors the National Association of Real Estate Brokers (NAREB),
and the Association of Real Estate License Law Officials (ARELLO).
The National Association of Realtors (NAR),
the world’s largest professional association, assists many in locating real estate
jobs within the industry. These organizations are also excellent resources of
real estate education.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
