How To Get A Real Estate License In Idaho

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How to get a real estate license in Idaho

How to Get a Real Estate License in Idaho

Working as a real estate agent can be promising for persons who are passionate about the flexibility to control their professional journey.

For most people, it's more than just a career. Real estate offers significant opportunities for personal growth and can be empowering if you're devoted to helping clients achieve their goals as you work to achieve your own.

In Idaho, certain pre-qualifications are required to start a career in real estate. This guide will address all the necessary steps and everything you need to know regarding the real estate license in Idaho. Read on for more.

Requirements for Becoming an Idaho Real Estate Agent

Unlike in other states, becoming an Idaho real estate agent requires little experience and education.. However, you'll still need proof of the following to qualify.

  • Be 18 years old and above.
  • Be a U.S. citizen or legally admitted alien.
  • Have a clean record free from license revocations.
  • Have a high school diploma or GED.

Steps to Acquiring an Idaho Real Estate License

Step  1: Complete the Approved Prelicensing Course

A prelicensing course provides you with the skills to exercise real estate activities in Idaho. Such programs are administered by organizations approved by the Idaho Real Estate Commission. The state stipulates that all applicants must complete 90 hours of the prelicensing course to qualify for a license application.

The course has two classes, each comprising 45 hours of material. Here are the two classes:

  • Sales Module 1: Learning basic real estate concepts.
  • Sales Module 2: Learning the skills involved in listing, buying, and selling property.

You can either take your prelicensing course online or in person. After completing your course, you must sit for the final exam and score above 70% to progress to the next step.

Step 2: Apply for the Idaho Real Estate License Exam

Contact Pearson VUE to schedule your Idaho real estate license exams since they're the ones responsible. You can do this directly by visiting their website www.pearsonvue.com. Exam centers are found in various regions within the state. You can visit the website to see the available list of addresses.

The exam fee is $80 per attempt. Note that no cash is collected at the exam center. Therefore, you must pay Pearson VUE directly using a voucher, credit card, debit card, money order, or electronic check. Another requirement for the exam is your prelicensing course certificate and two identification forms, such as a passport or ID.

With all requisites met, it's time to do your exam. The test comprises 120 questions: 80 for the general and 40 for the state section. The national section is allotted 150 minutes, whereas the state section is 90 minutes. You have to attain above 70% or equivalent to qualify.

You'll receive your results on-screen after the exam. If you've failed the test, your score report will feature diagnostic information to help you adjust to your weaknesses if you decide to redo the exam.

Step 3: Fingerprinting and Background Check

Idaho requires all applicants to submit their fingerprints and have a background check. Therefore, you must contact PearsonVUE to reserve your fingerprint appointment.

Fingerprinting services cost around $61.25 and must be paid during reservation by an electronic check, debit card, or credit card. Note that fingerprints are only valid for six months, so ensure you submit your application within this period.

Your background check results will be forwarded to the Idaho Real Estate Commission in 1 to 3 weeks. If you want to view your fingerprint status, create an account with IREC online services. Here, you can trace your education records and license history. If your fingerprints are accepted, it will display "RES-OK."

Step 4: Acquire Errors and Omissions Insurance

As a rule of thumb, you must have current errors and omissions policy before obtaining an active real estate license. Idaho demands an E&O policy for real estate acts requiring a license. The Idaho Real Estate Commission chose Rice Insurance Services to offer the state group policy issued by Continental Casualty Company. The program is destined for Idaho licensees.

It's important to confer with a sponsoring broker to see whether or not a firm policy covers you at the brokerage.

Step 5: Apply for Your Idaho Real Estate License

You are now eligible to submit your license application. The application fee is $160. Remember that IREC won't process your application if you fail to submit all the relevant documentation.

Here are the requirements that should accompany your application:

  • Copy of high school, college, or university diploma or equivalency certificates.
  • Proof of lawful U.S. presence. ( ID card, passport, driver's license, or Native American tribal document.
  • Show proof of your prelicensing course.

It's worth noting that you must affiliate with a sponsoring broker to trade real estate in Idaho. So if you don't have a broker, find one that compliments your interests. Once you're equipped with the necessary documentation, send your application to the following address:

Idaho Real Estate Commission

575 E. Parkcenter Blvd., Suite 180

Boise, Idaho 83706

After that, give IREC 7 to 10 business days to process your license application. You can visit IREC online services to trace your application status during this period. If approved, your real estate license will be inactive. Your sponsoring broker must come in handy to activate your license. After that, you're an accredited real estate salesperson in Idaho. Congratulations!

How Long Does it Take to Get a Real Estate License in Idaho? 

The period it takes to obtain your Idaho real estate license depends on your dedication to this process. For example, if you make a full-time commitment, you can get your license within two months. Part-time classes translate to several months before you're issued your real estate license.

How Much Does it Cost to Get an Idaho Real Estate License?

Except to spend between $760-$1,060 to acquire your Idaho real estate license. Out of this total, $457 will be spent on all fees and $300-$600 on prelicensing education.

How Much Do Real Estate Agents Earn in Idaho?

The annual salary for a real estate agent in Idaho is $99,739 on average. This salary, however, varies according to your years of experience in this field. Agents with ten years of experience, for example, can earn at least $117,981 per year.

If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!

If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.

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