Idaho Code
Title 54 - PROFESSIONS, VOCATIONS, AND BUSINESSES
Chapter 20 - IDAHO REAL ESTATE LICENSE LAW

Section 54-2001 - SHORT TITLE. - 54-2001. SHORT TITLE. Sections 54-2001 through 54-2081, Idaho Code, shall...

Section 54-2002 - LICENSURE REQUIRED. - 54-2002. LICENSURE REQUIRED. No person shall engage in the business...

Section 54-2003 - EXCEPTIONS TO LICENSURE — ACTIVE LICENSEES — TRANSACTIONS INVOLVING PERSONAL PROPERTY. - 54-2003. EXCEPTIONS TO LICENSURE — ACTIVE LICENSEES — TRANSACTIONS INVOLVING...

Section 54-2004 - DEFINITIONS. - 54-2004. DEFINITIONS. As used in this chapter: (1) "Accredited college...

Section 54-2005 - THE IDAHO REAL ESTATE COMMISSION. - 54-2005. THE IDAHO REAL ESTATE COMMISSION. There is hereby created...

Section 54-2006 - QUALIFICATIONS OF COMMISSIONERS — TERM AND ORGANIZATION. - 54-2006. QUALIFICATIONS OF COMMISSIONERS — TERM AND ORGANIZATION. (1) Four...

Section 54-2007 - COMPENSATION, POWERS AND DUTIES OF COMMISSION. - 54-2007. COMPENSATION, POWERS AND DUTIES OF COMMISSION. Members shall be...

Section 54-2008 - ESTABLISHMENT OF IDAHO REAL ESTATE EDUCATION COUNCIL. - 54-2008. ESTABLISHMENT OF IDAHO REAL ESTATE EDUCATION COUNCIL. An education...

Section 54-2009 - COUNCIL APPOINTMENT, QUALIFICATIONS AND TERM. - 54-2009. COUNCIL APPOINTMENT, QUALIFICATIONS AND TERM. One (1) member of...

Section 54-2010 - COMPENSATION. - 54-2010. COMPENSATION. Members of the education council are not employees...

Section 54-2011 - TYPES OF LICENSES. - 54-2011. TYPES OF LICENSES. (1) The commission may issue a...

Section 54-2012 - MINIMUM REQUIREMENTS FOR AN INDIVIDUAL PRIMARY IDAHO LICENSE. - 54-2012. MINIMUM REQUIREMENTS FOR AN INDIVIDUAL PRIMARY IDAHO LICENSE. (1)...

Section 54-2013 - ERRORS AND OMISSIONS INSURANCE. - 54-2013. ERRORS AND OMISSIONS INSURANCE. (1) Each licensee who is...

Section 54-2014 - LICENSE EXAMS. - 54-2014. LICENSE EXAMS. (1) Exam required. Unless a written certificate...

Section 54-2015 - INDIVIDUALS ACTIVELY LICENSED IN ANOTHER STATE OR JURISDICTION SEEKING PRIMARY IDAHO LICENSURE. - 54-2015. INDIVIDUALS ACTIVELY LICENSED IN ANOTHER STATE OR JURISDICTION SEEKING...

Section 54-2016 - PRIMARY IDAHO LICENSES FOR LEGAL BUSINESS ENTITIES, SOLE PROPRIETORSHIPS AND BRANCH OFFICES — ADDITIONAL REQUIREMENTS. - 54-2016. PRIMARY IDAHO LICENSES FOR LEGAL BUSINESS ENTITIES, SOLE PROPRIETORSHIPS...

Section 54-2017 - COOPERATIVE LICENSES. - 54-2017. COOPERATIVE LICENSES. (1) An individual who is currently and...

Section 54-2018 - LICENSE RENEWALS — INACTIVE LICENSE STATUS — PERSONAL CHANGES — EFFECTIVE DATES — FEES NONREFUNDABLE. - 54-2018. LICENSE RENEWALS — INACTIVE LICENSE STATUS — PERSONAL CHANGES...

Section 54-2019 - DENIAL OF LICENSE APPLICATIONS. - 54-2019. DENIAL OF LICENSE APPLICATIONS. (1) The commission may deny...

Section 54-2020 - FEES. - 54-2020. FEES. The Idaho real estate commission shall establish fees...

Section 54-2021 - OCCUPATIONAL LICENSES FUND — RECEIPTS AND DISBURSEMENTS. - 54-2021. OCCUPATIONAL LICENSES FUND — RECEIPTS AND DISBURSEMENTS. All fees,...

Section 54-2022 - REAL ESTATE EDUCATION — PRELICENSE REQUIREMENTS. - 54-2022. REAL ESTATE EDUCATION — PRELICENSE REQUIREMENTS. (1) Except as...

Section 54-2023 - CONTINUING EDUCATION REQUIREMENTS. - 54-2023. CONTINUING EDUCATION REQUIREMENTS. (1) Each licensee applying to renew...

Section 54-2024 - PURPOSE OF CERTIFICATION. - 54-2024. PURPOSE OF CERTIFICATION. It is the intent of this...

Section 54-2025 - CERTIFICATION REQUIREMENTS. - 54-2025. CERTIFICATION REQUIREMENTS. (1) Certification required. Except as otherwise provided...

Section 54-2026 - CERTIFICATION OF COURSE PROVIDERS. - 54-2026. CERTIFICATION OF COURSE PROVIDERS. (1) Degree-granting institutions. Degree-granting, accredited...

Section 54-2027 - DUTIES AND REQUIREMENTS OF ALL CERTIFIED COURSE PROVIDERS. - 54-2027. DUTIES AND REQUIREMENTS OF ALL CERTIFIED COURSE PROVIDERS. Failure...

Section 54-2028 - TERM OF PROVIDER CERTIFICATION AND RENEWAL. - 54-2028. TERM OF PROVIDER CERTIFICATION AND RENEWAL. (1) Each course...

Section 54-2029 - NOTICE OF POTENTIAL EXPIRATION OF CERTIFICATION. - 54-2029. NOTICE OF POTENTIAL EXPIRATION OF CERTIFICATION. Certified providers who...

Section 54-2030 - EXPIRATION OR WITHDRAWAL OF PROVIDER CERTIFICATION — NOTICE TO STUDENTS. - 54-2030. EXPIRATION OR WITHDRAWAL OF PROVIDER CERTIFICATION — NOTICE TO...

Section 54-2031 - WITHDRAWAL OF IDAHO CERTIFICATION FOR CAUSE — PROCESS. - 54-2031. WITHDRAWAL OF IDAHO CERTIFICATION FOR CAUSE — PROCESS. The...

Section 54-2032 - CERTIFICATION OF INSTRUCTORS. - 54-2032. CERTIFICATION OF INSTRUCTORS. All individuals wishing to teach real...

Section 54-2033 - INSTRUCTOR QUALIFICATIONS. - 54-2033. INSTRUCTOR QUALIFICATIONS. (1) Qualified instructors at degree-granting institutions. A...

Section 54-2034 - SPECIAL CONSIDERATION — DISCRETION OF THE COMMISSION. - 54-2034. SPECIAL CONSIDERATION — DISCRETION OF THE COMMISSION. The commission...

Section 54-2035 - TERM OF INSTRUCTOR CERTIFICATION AND RENEWAL. - 54-2035. TERM OF INSTRUCTOR CERTIFICATION AND RENEWAL. (1) Certification. Each...

Section 54-2036 - CERTIFICATION OF COURSES AND COURSE CONTENT. - 54-2036. CERTIFICATION OF COURSES AND COURSE CONTENT. Every real estate...

Section 54-2037 - TERM OF COURSE CERTIFICATION AND RENEWAL. - 54-2037. TERM OF COURSE CERTIFICATION AND RENEWAL. Each course certification...

Section 54-2038 - DESIGNATED BROKER — GENERAL RESPONSIBILITIES — BROKER PRICE OPINIONS. - 54-2038. DESIGNATED BROKER — GENERAL RESPONSIBILITIES — BROKER PRICE OPINIONS....

Section 54-2039 - BROKER AND BRANCH MANAGER. - 54-2039. BROKER AND BRANCH MANAGER. (1) Each real estate brokerage...

Section 54-2040 - MAIN OFFICE OR BUSINESS LOCATION. - 54-2040. MAIN OFFICE OR BUSINESS LOCATION. (1) Definite location required....

Section 54-2041 - TRUST ACCOUNTS AND ENTRUSTED PROPERTY. - 54-2041. TRUST ACCOUNTS AND ENTRUSTED PROPERTY. (1) A licensed Idaho...

Section 54-2042 - CREATION OF NONINTEREST-BEARING TRUST ACCOUNTS — REQUIREMENTS. - 54-2042. CREATION OF NONINTEREST-BEARING TRUST ACCOUNTS — REQUIREMENTS. A broker...

Section 54-2043 - INTEREST-BEARING TRUST ACCOUNTS. - 54-2043. INTEREST-BEARING TRUST ACCOUNTS. The broker may deposit funds in...

Section 54-2044 - TRUST ACCOUNT RECORDKEEPING — FORMAT OF RECORDS REQUIRED. - 54-2044. TRUST ACCOUNT RECORDKEEPING — FORMAT OF RECORDS REQUIRED. In...

Section 54-2045 - TRUST ACCOUNT DEPOSITS AND RECEIPT OF CONSIDERATION. - 54-2045. TRUST ACCOUNT DEPOSITS AND RECEIPT OF CONSIDERATION. Except as...

Section 54-2046 - TRUST ACCOUNT DISBURSEMENTS. - 54-2046. TRUST ACCOUNT DISBURSEMENTS. The broker who holds entrusted funds...

Section 54-2047 - DISPUTED EARNEST MONEY. - 54-2047. DISPUTED EARNEST MONEY. (1) Any time more than one...

Section 54-2048 - RESPONSIBLE BROKER FOR THE TRANSACTION — DUTIES AND RECORDKEEPING. - 54-2048. RESPONSIBLE BROKER FOR THE TRANSACTION — DUTIES AND RECORDKEEPING....

Section 54-2049 - RECORD RETENTION SCHEDULES. - 54-2049. RECORD RETENTION SCHEDULES. All records required in this chapter...

Section 54-2050 - BROKERAGE REPRESENTATION AGREEMENTS — REQUIRED ELEMENTS. - 54-2050. BROKERAGE REPRESENTATION AGREEMENTS — REQUIRED ELEMENTS. All real estate...

Section 54-2051 - OFFERS TO PURCHASE. - 54-2051. OFFERS TO PURCHASE. (1) A broker or sales associate...

Section 54-2052 - ELECTRONICALLY GENERATED AGREEMENTS. - 54-2052. ELECTRONICALLY GENERATED AGREEMENTS. To the extent the parties to...

Section 54-2053 - ADVERTISING. - 54-2053. ADVERTISING. (1) Only licensees who are actively licensed in...

Section 54-2054 - COMPENSATION, COMMISSIONS AND FEES — PROHIBITED CONDUCT. - 54-2054. COMPENSATION, COMMISSIONS AND FEES — PROHIBITED CONDUCT. (1) Court...

Section 54-2055 - LICENSEES DEALING WITH THEIR OWN PROPERTY. - 54-2055. LICENSEES DEALING WITH THEIR OWN PROPERTY. (1) Any actively...

Section 54-2056 - TERMINATING OR CHANGING LICENSED BUSINESS RELATIONSHIPS. - 54-2056. TERMINATING OR CHANGING LICENSED BUSINESS RELATIONSHIPS. (1) Termination of...

Section 54-2057 - DEATH OR INCAPACITY OF A DESIGNATED BROKER. - 54-2057. DEATH OR INCAPACITY OF A DESIGNATED BROKER. (1) Legal...

Section 54-2058 - AUTHORITY TO INVESTIGATE AND DISCIPLINE. - 54-2058. AUTHORITY TO INVESTIGATE AND DISCIPLINE. (1) General authority to...

Section 54-2059 - DISCIPLINARY POWERS — REVOCATION, SUSPENSION OR OTHER DISCIPLINARY ACTION. - 54-2059. DISCIPLINARY POWERS — REVOCATION, SUSPENSION OR OTHER DISCIPLINARY ACTION....

Section 54-2060 - GROUNDS FOR DISCIPLINARY ACTION. - 54-2060. GROUNDS FOR DISCIPLINARY ACTION. A person found guilty of...

Section 54-2061 - ADDITIONAL GROUNDS FOR DISCIPLINARY ACTION — COURT ACTIONS — LICENSEE TO REPORT TO COMMISSION. - 54-2061. ADDITIONAL GROUNDS FOR DISCIPLINARY ACTION — COURT ACTIONS —...

Section 54-2062 - ADDITIONAL GROUNDS FOR DISCIPLINARY ACTION — OTHER ADMINISTRATIVE ACTIONS — LICENSEE TO REPORT TO COMMISSION. - 54-2062. ADDITIONAL GROUNDS FOR DISCIPLINARY ACTION — OTHER ADMINISTRATIVE ACTIONS...

Section 54-2063 - DISCIPLINARY PROCEDURE AND REVIEW OF AGENCY ACTION. - 54-2063. DISCIPLINARY PROCEDURE AND REVIEW OF AGENCY ACTION. All disciplinary...

Section 54-2064 - PROOF OF COMPLAINT — PROSECUTION BY COUNTY PROSECUTING ATTORNEY. - 54-2064. PROOF OF COMPLAINT — PROSECUTION BY COUNTY PROSECUTING ATTORNEY....

Section 54-2065 - PENALTY FOR ACTING AS A BROKER OR SALESPERSON WITHOUT LICENSE. - 54-2065. PENALTY FOR ACTING AS A BROKER OR SALESPERSON WITHOUT...

Section 54-2066 - INJUNCTIVE RELIEF. - 54-2066. INJUNCTIVE RELIEF. The commission is hereby authorized to institute...

Section 54-2067 - CEASE AND DESIST ORDERS. - 54-2067. CEASE AND DESIST ORDERS. The commission is authorized to...

Section 54-2068 - WITNESSES — DEPOSITIONS — FEES — SUBPOENAS. - 54-2068. WITNESSES — DEPOSITIONS — FEES — SUBPOENAS. (1) The...

Section 54-2069 - REAL ESTATE RECOVERY FUND ESTABLISHED. - 54-2069. REAL ESTATE RECOVERY FUND ESTABLISHED. There is hereby created...

Section 54-2070 - AUGMENTATION OF FUND. - 54-2070. AUGMENTATION OF FUND. Upon the original application or renewal...

Section 54-2071 - RECOVERY FROM FUND — PROCEDURE — GROUNDS — AMOUNT — HEARING. - 54-2071. RECOVERY FROM FUND — PROCEDURE — GROUNDS — AMOUNT...

Section 54-2072 - COMMISSION MAY ANSWER PETITION — COMPROMISE OF CLAIMS. - 54-2072. COMMISSION MAY ANSWER PETITION — COMPROMISE OF CLAIMS. (1)...

Section 54-2073 - COURT ORDER REQUIRING PAYMENT FROM RECOVERY FUND. - 54-2073. COURT ORDER REQUIRING PAYMENT FROM RECOVERY FUND. If the...

Section 54-2074 - AUTOMATIC SUSPENSION OF BROKER’S, ASSOCIATE BROKER’S OR SALESPERSON’S LICENSE ON PAYMENT BY COMMISSION — CONDITION FOR LICENSE REINSTATEMENT. - 54-2074. AUTOMATIC SUSPENSION OF BROKER’S, ASSOCIATE BROKER’S OR SALESPERSON’S LICENSE...

Section 54-2075 - ORDER OF PAYMENT OF CLAIMS IF RECOVERY FUND BALANCE INSUFFICIENT — INTEREST. - 54-2075. ORDER OF PAYMENT OF CLAIMS IF RECOVERY FUND BALANCE...

Section 54-2076 - COMMISSION’S RIGHT TO SUBROGATION. - 54-2076. COMMISSION’S RIGHT TO SUBROGATION. When the commission has paid...

Section 54-2077 - WAIVER OF RIGHTS. - 54-2077. WAIVER OF RIGHTS. The failure of a person to...

Section 54-2078 - DISCIPLINARY ACTION AGAINST LICENSEES NOT RESTRICTED FOR VIOLATIONS OF LAW OR RULES. - 54-2078. DISCIPLINARY ACTION AGAINST LICENSEES NOT RESTRICTED FOR VIOLATIONS OF...

Section 54-2079 - TERMINATION OF SALES ASSOCIATE FOR VIOLATION OF DISCIPLINARY PROVISIONS — STATEMENT TO BE FILED WITH COMMISSION. - 54-2079. TERMINATION OF SALES ASSOCIATE FOR VIOLATION OF DISCIPLINARY PROVISIONS...

Section 54-2080 - RECORDS — DISCLOSURE TO PUBLIC. - 54-2080. RECORDS — DISCLOSURE TO PUBLIC. Records kept in the...

Section 54-2082 - SHORT TITLE. - 54-2082. SHORT TITLE. Sections 54-2082 through 54-2097, Idaho Code, shall...

Section 54-2083 - DEFINITIONS. - 54-2083. DEFINITIONS. As used in sections 54-2082 through 54-2097, Idaho...

Section 54-2084 - BROKERAGE AGENCY RELATIONSHIPS — CREATION. - 54-2084. BROKERAGE AGENCY RELATIONSHIPS — CREATION. (1) A buyer or...

Section 54-2085 - DISCLOSURE AND WRITING REQUIREMENTS — AGENCY DISCLOSURE BROCHURE AND REPRESENTATION CONFIRMATION. - 54-2085. DISCLOSURE AND WRITING REQUIREMENTS — AGENCY DISCLOSURE BROCHURE AND...

Section 54-2086 - DUTIES TO A CUSTOMER. - 54-2086. DUTIES TO A CUSTOMER. (1) If a buyer, prospective...

Section 54-2087 - DUTIES TO A CLIENT. - 54-2087. DUTIES TO A CLIENT. If a buyer or seller...

Section 54-2088 - LIMITED DUAL AGENCY AND ASSIGNED AGENCY PERMITTED. - 54-2088. LIMITED DUAL AGENCY AND ASSIGNED AGENCY PERMITTED. (1) A...

Section 54-2089 - BROKER COMPENSATION. - 54-2089. BROKER COMPENSATION. Payment of compensation or a written agreement...

Section 54-2091 - DURATION OF AGENCY RELATIONSHIP. - 54-2091. DURATION OF AGENCY RELATIONSHIP. (1) A brokerage’s agency relationship...

Section 54-2092 - DUTIES AND OBLIGATIONS OWED AFTER TERMINATION OF REPRESENTATION. - 54-2092. DUTIES AND OBLIGATIONS OWED AFTER TERMINATION OF REPRESENTATION. Except...

Section 54-2093 - VICARIOUS LIABILITY ABOLISHED. - 54-2093. VICARIOUS LIABILITY ABOLISHED. (1) A client, as defined in...

Section 54-2094 - REPRESENTATION NOT FIDUCIARY IN NATURE. - 54-2094. REPRESENTATION NOT FIDUCIARY IN NATURE. While this act is...

Section 54-2095 - CONFLICTS WITH OTHER LAW. - 54-2095. CONFLICTS WITH OTHER LAW. If the provisions of this...

Section 54-2096 - SEVERABILITY. - 54-2096. SEVERABILITY. The provisions of this chapter are severable and...

Section 54-2097 - RULEMAKING AUTHORITY OF THE COMMISSION. - 54-2097. RULEMAKING AUTHORITY OF THE COMMISSION. The Idaho real estate...

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Idaho Code Title 54 - PROFESSIONS, VOCATIONS, AND BUSINESSES Chapter 20 - IDAHO REAL ESTATE LICENSE LAW

Idaho Code
Title 54 - PROFESSIONS, VOCATIONS, AND BUSINESSES
Chapter 20 - IDAHO REAL ESTATE LICENSE LAW