Idaho Real Estate Practice Exam

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In Idaho, who may be required to complete a property condition disclosure form?

  1. Only licensed agents

  2. All sellers of real estate

  3. Only sellers of properties with more than 4 units

  4. Only first-time home sellers

The correct answer is: All sellers of real estate

In Idaho, all sellers of real estate are required to complete a property condition disclosure form. This form is crucial as it provides essential information about the property's condition and any known issues that might affect its value or desirability. It ensures transparency in the transaction and protects both the buyer and seller. By having all sellers complete this form, the state promotes informed purchasing decisions and helps to prevent disputes regarding property condition after the sale. The requirement applies regardless of the property type or the seller's experience in real estate transactions, meaning it encompasses a wide range of properties, including residential homes and multi-unit dwellings.

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