Idaho Real Estate Practice Exam

What is required from a licensed salesperson to hold concurrent licenses with more than one Idaho broker?

1. Written consent from all parties involved

2. The salesperson must have 2 years of experience

3. The manager must be an associate broker of the firm

4. The salesperson must renew their license annually

The correct answer is: The manager must be an associate broker of the firm

Holding concurrent licenses with more than one Idaho broker involves specific requirements designed to ensure that licensed salespersons operate within the regulatory framework established by the Idaho Real Estate Commission. The correct option indicates that the manager must be an associate broker of the firm. This ensures that there is appropriate oversight and a level of experience within the brokerage to manage the complexities of multiple licenses effectively. An associate broker has more experience and training than a regular broker, making them better positioned to guide and manage salespersons who are affiliated with multiple brokers. The other options lack the necessary alignment with Idaho's regulatory guidelines. For instance, written consent from all parties might sound reasonable but is not a formal requirement in the state; rather, the regulations focus on the qualifications and managerial structure of the brokerage. Similarly, having two years of experience or renewing a license annually does not pertain explicitly to holding multiple licenses concurrently, as those factors are about general licensing rather than the specific scenario of concurrent licensure.