Idaho Real Estate Practice Exam

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Prepare for the Idaho Real Estate Exam with study aids like multiple choice questions and flashcards, each with detailed hints and explanations. Get exam-ready!

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What is the maximum property size, in acres, for non-agricultural use to secure loans in Idaho real estate?

40 acres
20 acres
10 acres
5 acres

The correct answer is: 20 acres

For securing loans in Idaho real estate for non-agricultural use, the maximum property size allowed is 20 acres. This limit is significant as it indicates the threshold at which properties can be financed under specific loan programs designated for non-agricultural use. Properties exceeding this size may fall under different loan types or require different financing structures, often applicable to agricultural land or larger development projects. Understanding this limit is crucial for buyers and investors when assessing their options for financing properties that do not serve agricultural purposes. Recognizing the boundaries ensures that individuals can properly navigate the loan application process without encountering unexpected complications due to size limitations.