How to Become a Licensed Real Estate Agent in Idaho
Idaho Real Estate License Basic Requirements
To become a real estate agent in the state of Idaho, you must meet the following criteria:
- Complete and submit the salesperson application (Form REE-040)
- Must have a high school diploma or equivalent
- Be 18 years of age
- Complete Module 1 and 2 of the sales pre-license course
- Get a fingerprints and background check done
- Pass the Idaho and national (general) salesperson license exams
- Be covered under errors and omissions insurance (active status only)
- Submit proof of legal presence in the US
Idaho Real Estate License Costs
- Real Estate Agent Education in Idaho: $300
to $800 (approx.)
- Exam Fee: $80
- Fingerprint Fee: $60
- License Fee: $160
- You can join an online real estate school such as East Idaho Real Estate School to prepare for real estate agent education.
- Online resources or exam preparation: The CE Shop
- State Resources:
- Exam Locations—Boise, Coeur d’Alene and Pocatello
- You can take the real estate online exams at Pearson VUE
STEP 1: Idaho Pre-licensing Education
Once you have decided that you want to become a real estate agent in Idaho, you must get an appropriate license. For this, you need to have completed 90 hours of pre-license education that comes in two parts, Module 1 and Module 2, from an accredited real estate school.
If you have an accounting degree and are currently employed in an accounting-related profession, you can seek a waiver for the topic Real Estate Finance. If you are an actively practicing attorney, you are exempted from appearing for the Module 1 exam.
Complete the Salesperson Application Form REE-040 available on the IREC website and pay the fee. Incomplete paperwork will be rejected so make sure you fill it fully. You also must have completed your fingerprint check before submitting the application. You can get it done electronically on the IREC site or through Pearson VUE.
Once your application has been approved, you can schedule your exam time with Pearson VUE.
By registering with the IREC online services, you can track your fingerprint status, license history and education records. You also need to get an “errors and omissions” insurance coverage, which is mandatory, either through your designated broker or through the Commission’s group policy available through Rice Insurance Services Co. for your license to be activated.
You have to pay $60 for fingerprints and $80 for the exam to Pearson VUE.
You can study online or in a classroom environment in one of the schools authorized by IREC. An online course provider such as East Idaho Real Estate School charges $695 for both modules.
STEP 2: Applying to State Licensing
Where to Apply
You will find the form on the IREC website. You must submit the original, completed application form with the fee and required attachments to:
575 E. Parkcenter Blvd., Suite 180
Boise, Idaho 83706
The application must be legible, complete and include the fee and other mandatory attachments for it to be accepted and processed. The physical copy should be posted to them or reached personally since faxed/emailed forms are not accepted.
The applications will be processed in the order they are received and you must check the status online by registering on the website. You can start practicing only after receiving the license so wait to see your name and license number in the License Lookup section on the website to know that it has been approved.
The license will be issued on inactive status and activated once the designated adds you to the brokerage. IREC must approve your license application for you to start practicing. It is unlawful to do so without the required license. The approval process may take 10 business days after you submit the completed application.
You can apply only after you have completed your pre-licensing tests and have got your fingerprint check done. You must have passed with a score of 70. You can get the fingerprint check done through the IREC website or Pearson VUE and it takes about six weeks to be processed.
You must pay IREC $160 at the time of applying. The payment can be made by check to IREC or credit card. Without the payment, the application will not be accepted.
The IREC also has a policy refunding overpayments of less than $25 only if you request it in writing within 30 days of IREC receipt of it. Overpayments exceeding $25 will be automatically refunded. If a check is returned due to insufficient funds, you will have to pay a fine of $20.
Proof of Pre-licensing Requirements
To get your license to practice as a real estate agent in Idaho, you must complete 90 hours of pre-licensing education at one of the IREC-accredited schools. You must be 18 years of age and a legal resident of the US.
Meanwhile, you must also get your fingerprint check done and it should be cleared before you apply for the license. You can register in IREC online services to get an update about your fingerprint checking status. You can get it checked directly through IREC or through Pearson VUE.
You must also get yourself an errors and omissions insurance either through IREC’s group policy or through your designated broker.
Legal Document Requirements
Your claims in the application must be supported by appropriate legal documents for your application to be accepted.
You must provide a copy of your high school diploma, equivalency certificate, college or university diploma or official high school or college transcript. If you hold a license in another state, you must provide the original certified license history, not more than six months old. If there has been any disciplinary action taken against your license, you must provide an explanatory note.
You need to provide a document showing your presence in the US is legal. This can be established with any of the following:
- A valid driver’s license from Idaho or any other state or US territory
- An identification document with photo any state or territory of the US
- A US military card, military dependant’s ID card or US Coast Guard Merchant Mariner card
- A Native American tribal document
- A valid US Passport
The application form must be duly notarized.
If you have been convicted in the past or been charged for any illegal activity, you must submit the details for review by the commission to assess the suitability of issuing a license.
STEP 3: Pass the State License Test
The pre-license exam consists of two modules covering national and state level topics. You must take both modules and have completed 45 hours of education for each. If you have an active license from another state, you do not have to repeat Idaho’s pre-license courses.
If you are an accounting degree holder practicing in that field, you can skip the Real Estate Finance portion. Actively practicing attorneys do not have to undertake the Module 1 exam.
Make sure you show your waiver to the exam vendor at the time of the exam. Otherwise, you will have to take both modules and pass. If you fail the national portion, your waiver will stand canceled and you will not get your license. You cannot ask for a waiver in retrospect, especially after failing the national exam.
If you are taking only the state portion of the exam, you must prepare from these two books, Idaho License Laws & Rules and Idaho Real Estate Handbook. If you are writing the exam for both modules, study the Idaho Real Estate Handbook, Idaho License Law and Rules and either Modern Real Estate Practice or Mastering Real Estate Principles and Module 1 and 2 outlines.
The exam will be for 4 hours, taken on the computer. At the end of the four hours, the test will close automatically and you will get your scorecard right away, indicating whether you have passed or failed.
The score is not a percentage but a scaled score on a scale of 0-100 with a score of 70 indicating a pass. Those who score less and fail will have the numeric value as well as an analysis of where they went wrong.
If you pass in one section and fail in the other, you have to retake the exam only for the failed section within a year of the date of the passed section. You have to pay the exam fee every time you retake a test.
You must pass both sections and submit the completed application within a year of the date of passing the first exam section. Otherwise, the score is considered null and void and you must retake the exam for both the sections.
Topics Covered in the Course
Module 1: National Level
- Real Property Characteristics, Legal Descriptions and Property Use
- Forms of Ownership, Transfer and Recording of Title
- Property Value and Appraisal
- Real Estate Contracts and Agency
- Real Estate Practice
- Property Disclosures and Environmental
- Financing and Settlement
- Real Estate Math Calculations
Module 2: State Level
- Duties and Power of the Real Estate Commission
- Licensing Requirements
- License Law and Rules of the Idaho Real Estate Commission
- Brokerage Representation (Agency Law)
- Calculations and Closing Costs
- Idaho Principles and Practices
Time Given to Take the Test
You will be given four hours to complete the examination. The time begins when you look at the first question and will automatically expire at the end of the four hours. You will get your official score immediately and will know if you have passed or failed. If you have failed, you will get your numeric score and a diagnostic on where you went wrong.
Prior to the exam, you will be given time to take a tutorial on the computer. This will not be taken as part of the examination time.
What to Bring to the Exam
You must show two forms of current signature identification at the exam venue and the name on the identification should be the same as the registration. The primary identification is a government-issued proof with your photo and signature and the secondary identification must contain a valid signature. It must be in English.
In cases like the credit card, a secondary identification, the signature may be embedded and not visible due to being on the microchip. This will not be accepted.
If the ID like a driver’s license has expired, even if the state gives you a 30-day grace period, Pearson VUE will not accept that.
STEP 4: Apply and Obtain Your License
Once you have decided you want to become a real estate sales agent, you must attach yourself to a designated broker and join a pre-licensing course at an IREC-accredited school. You must complete 90 hours of training if you wish to appear for both national- and state-level exams. If you have an active license from another state, you can take just the state level exam and so need to do only 45 hours of the course.
You must schedule it with Pearson VUE which will allot time and date for you to take the four-hour exam. You will know whether you have passed or failed immediately at the end of the exam.
You must also get your fingerprints checked in the meantime. As it takes six weeks for the results, give it sufficient time because only after you have passed the exams and your fingerprint report is cleared can you apply for the license. For this, you have to fill up a form, pay $160 as fees and attach the mandatory documents.
Once you have submitted, your application will be reviewed and you will be given an inactive license that can be activated by your designated broker. You can start practicing only with an active license.
STEP 5: Finding a Brokerage
Once you get your license, you can start practicing with your designated broker. Before choosing one, you must consider finding out about the following:
- Reputation of the Firm: This will matter as working for a well-reputed firm will enhance your standing amongst peers and customers.
- Commission Split: You must scrutinize this well. Some firms may offer a high-split where you can get as much as 100% commission but have to pay desk fees regardless of whether you have business or not. In a traditional split, you share 50:50 with the broker. Hybrid is ideal where your percentage share goes up as you start achieving your financial goals.
- Training and Support: As you start out in the world of real estate selling, you will need the backing of a team to help you learn the ropes and get a footing. So talk to other sales agents before choosing your broker.
- Lead Generation: Workingfor a firm that can help you with this in the initial days will be important. So again the reputation of the firm will matter.
- Type of Firm: You will also have to choose between working for a boutique firm or a large, national firm. While a boutique firm gives room for independence and personalized attention, your area of operations may be localized. With a national firm, you may have to be more process oriented, but you will be backed by resources and technology. There are virtual firms too where you will get even greater freedom but only limited access to team support.
STEP 6: Post-learning Requirements
You will be required to complete a 12 hours post license (8-hour mandatory post license fundamentals course and one 4-hour post-license module of your choice) for the first renewal on active status. In addition to this, you must take two different Idaho core courses.
For subsequent renewals on active status, complete 12 elective hours and two different Idaho core courses.