Idaho Real Estate Practice Exam

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Study for the Idaho Real Estate Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which type of real estate license allows the licensee to sign a contract on behalf of their client?

Associate Broker License
Real Estate Salesperson License
Broker License
Property Management License

The correct answer is: Broker License

A Broker License grants a licensee the authority to sign contracts on behalf of their clients, which is a critical function in real estate transactions. This capability stems from the Broker's advanced training and understanding of real estate laws and practices, empowering them to take greater responsibility in negotiations and manage agents working under them. Brokers often run their own real estate businesses and thus have the authority to engage in legal agreements, ensuring the interests of their clients are appropriately represented. In contrast, a Real Estate Salesperson License does not allow an individual to sign contracts independently; salespersons must operate under the supervision of a Broker. An Associate Broker License indicates that the licensee has met the requirements to become a broker but is still working under another broker's authority. A Property Management License typically focuses on overseeing rental properties and does not grant the same level of authority as a Broker License regarding contract execution for real estate transactions.