Chapter

Idaho Real Estate License Law

Idaho Code § 54-2001— Short title
Idaho Code § 54-2002— Licensure required
Idaho Code § 54-2003— Exceptions to licensure — Active licensees — Transactions involving personal property
Idaho Code § 54-2004— Definitions
Idaho Code § 54-2005— The Idaho real estate commission
Idaho Code § 54-2006— Qualifications of commissioners — Term and organization
Idaho Code § 54-2007— Compensation, powers and duties of commission
Idaho Code § 54-2008— Establishment of Idaho real estate education council
Idaho Code § 54-2009— Council appointment, qualifications and term
Idaho Code § 54-2010— Compensation
Idaho Code § 54-2011— Types of licenses
Idaho Code § 54-2012— Minimum requirements for an individual primary Idaho license
Idaho Code § 54-2013— Errors and omissions insurance
Idaho Code § 54-2014— License exams
Idaho Code § 54-2015— Individuals actively licensed in another state or jurisdiction seeking primary Idaho licensure
Idaho Code § 54-2016— Primary Idaho licenses for legal business entities, sole proprietorships and branch offices — Additional requirements
Idaho Code § 54-2017— Cooperative licenses
Idaho Code § 54-2018— License renewals — Inactive license status — Personal changes — Effective dates — Fees nonrefundable
Idaho Code § 54-2019— Denial of license applications
Idaho Code § 54-2020— Fees
Idaho Code § 54-2021— Disposition of funds
Idaho Code § 54-2022— Real estate education — Prelicense requirements
Idaho Code § 54-2023— Continuing education requirements
Idaho Code § 54-2024— Purpose of certification
Idaho Code § 54-2025— Certification requirements
Idaho Code § 54-2026— Certification of course providers
Idaho Code § 54-2027— Duties and requirements of all certified course providers
Idaho Code § 54-2028— Term of provider certification and renewal
Idaho Code § 54-2029— Notice of potential expiration of certification
Idaho Code § 54-2030— Expiration or withdrawal of provider certification — Notice to students
Idaho Code § 54-2031— Withdrawal of Idaho certification for cause — Process
Idaho Code § 54-2032— Certification of instructors
Idaho Code § 54-2033— Instructor qualifications
Idaho Code § 54-2034— Special consideration — Discretion of the commission
Idaho Code § 54-2035— Term of instructor certification and renewal
Idaho Code § 54-2036— Certification of courses and course content
Idaho Code § 54-2037— Term of course certification and renewal
Idaho Code § 54-2038— Designated broker — General responsibilities — Broker price opinions
Idaho Code § 54-2039— Broker and branch manager
Idaho Code § 54-2040— Main office or business location
Idaho Code § 54-2041— Trust accounts and entrusted property
Idaho Code § 54-2042— Creation of noninterest-bearing trust accounts — Requirements
Idaho Code § 54-2043— Interest-bearing trust accounts
Idaho Code § 54-2044— Trust account recordkeeping — Format of records required
Idaho Code § 54-2045— Trust account deposits and receipt of consideration
Idaho Code § 54-2046— Trust account disbursements
Idaho Code § 54-2047— Disputed earnest money
Idaho Code § 54-2048— Responsible broker for the transaction — Duties and recordkeeping
Idaho Code § 54-2049— Record retention schedules
Idaho Code § 54-2050— Brokerage representation agreements — Required elements
Idaho Code § 54-2051— Offers to purchase
Idaho Code § 54-2052— Electronically generated agreements
Idaho Code § 54-2053— Advertising
Idaho Code § 54-2054— Compensation, commissions and fees — Prohibited conduct
Idaho Code § 54-2055— Licensees dealing with their own property
Idaho Code § 54-2056— Terminating or changing licensed business relationships
Idaho Code § 54-2057— Death or incapacity of a designated broker
Idaho Code § 54-2058— Authority to investigate and discipline
Idaho Code § 54-2059— Disciplinary powers — Revocation, suspension or other disciplinary action
Idaho Code § 54-2060— Grounds for disciplinary action
Idaho Code § 54-2061— Additional grounds for disciplinary action — Court actions — Licensee to report to commission
Idaho Code § 54-2062— Additional grounds for disciplinary action — Other administrative actions — Licensee to report to commission
Idaho Code § 54-2063— Disciplinary procedure and review of agency action
Idaho Code § 54-2064— Proof of complaint — Prosecution by county prosecuting attorney
Idaho Code § 54-2065— Penalty for acting as a broker or salesperson without license
Idaho Code § 54-2066— Injunctive relief
Idaho Code § 54-2067— Cease and desist orders
Idaho Code § 54-2068— Witnesses — Depositions — Fees — Subpoenas
Idaho Code § 54-2069— Real estate recovery fund established
Idaho Code § 54-2070— Augmentation of fund
Idaho Code § 54-2071— Recovery from fund — Procedure — Grounds — Amount — Hearing
Idaho Code § 54-2072— Commission may answer petition — Compromise of claims
Idaho Code § 54-2073— Court order requiring payment from recovery fund
Idaho Code § 54-2074— Automatic suspension of broker’s, associate broker’s or salesperson’s license on payment by commission — Condition for license reinstatement
Idaho Code § 54-2075— Order of payment of claims if recovery fund balance insufficient — Interest
Idaho Code § 54-2076— Commission’s right to subrogation
Idaho Code § 54-2077— Waiver of rights
Idaho Code § 54-2078— Disciplinary action against licensees not restricted for violations of law or rules
Idaho Code § 54-2079— Termination of sales associate for violation of disciplinary provisions — Statement to be filed with commission
Idaho Code § 54-2080— Records — Disclosure to public
Idaho Code § 54-2081— [Reserved.]
Idaho Code § 54-2082— Short title
Idaho Code § 54-2083— Definitions
Idaho Code § 54-2084— Brokerage agency relationships — Creation
Idaho Code § 54-2085— Disclosure and writing requirements — Agency disclosure brochure and representation confirmation
Idaho Code § 54-2086— Duties to a customer
Idaho Code § 54-2087— Duties to a client
Idaho Code § 54-2088— Limited dual agency and assigned agency permitted
Idaho Code § 54-2089— Broker compensation
Idaho Code § 54-2090— Written office policy required. [Repealed.]
Idaho Code § 54-2091— Duration of agency relationship
Idaho Code § 54-2092— Duties and obligations owed after termination of representation
Idaho Code § 54-2093— Vicarious liability abolished
Idaho Code § 54-2094— Representation not fiduciary in nature
Idaho Code § 54-2095— Conflicts with other law
Idaho Code § 54-2096— Severability
Idaho Code § 54-2097— Rulemaking authority of the commission