Idaho Real Estate Practice Exam

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Which of the following does not require a real estate license in Idaho?

  1. Real estate appraisal

  2. Property management of an office building

  3. Personal real estate transactions

  4. Commercial leasing

The correct answer is: Property management of an office building

In Idaho, certain activities in real estate are exempt from licensure requirements. Personal real estate transactions involve individuals engaging in buying, selling, or leasing their own properties without acting on behalf of another or for compensation. This personal involvement does not require a real estate license. Recognizing this context clarifies why the option regarding property management of an office building requires a license, as it involves managing properties on behalf of owners, typically for a fee. Similarly, real estate appraisal requires licensure since it involves valuating properties professionally. Commercial leasing also necessitates a license, as it typically involves representing parties in leasing arrangements, again for compensation. Thus, personal real estate transactions are the activity that does not require a license, as it relates to individuals managing their own properties without intermediary representation.

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