Idaho Statutes


TITLE 54 PROFESSIONS, VOCATIONS, AND BUSINESSES



CHAPTER 20 IDAHO REAL ESTATE LICENSE LAW


54-2001   SHORT TITLE.
54-2002   LICENSURE REQUIRED.
54-2003   EXCEPTIONS TO LICENSURE -- ACTIVE LICENSEES -- TRANSACTIONS INVOLVING PERSONAL PROPERTY.
54-2004   DEFINITIONS.
54-2005   THE IDAHO REAL ESTATE COMMISSION.
54-2006   QUALIFICATIONS OF COMMISSIONERS, TERM AND ORGANIZATION.
54-2007   COMPENSATION, POWERS AND DUTIES OF COMMISSION.
54-2008   ESTABLISHMENT OF IDAHO REAL ESTATE EDUCATION COUNCIL.
54-2009   COUNCIL APPOINTMENT, QUALIFICATIONS AND TERM.
54-2010   COMPENSATION.
54-2011   TYPES OF LICENSES.
54-2012   MINIMUM REQUIREMENTS FOR AN INDIVIDUAL PRIMARY IDAHO LICENSE.
54-2013   ERRORS AND OMISSIONS INSURANCE.
54-2014   LICENSE EXAMS.
54-2015   INDIVIDUALS ACTIVELY LICENSED IN ANOTHER STATE OR JURISDICTION SEEKING PRIMARY IDAHO LICENSURE.
54-2016   PRIMARY IDAHO LICENSES FOR LEGAL BUSINESS ENTITIES, SOLE PROPRIETORSHIPS AND BRANCH OFFICES -- ADDITIONAL REQUIREMENTS.
54-2018   LICENSE RENEWALS -- INACTIVE LICENSE STATUS -- PERSONAL CHANGES -- EFFECTIVE DATES -- FEES NONREFUNDABLE.
54-2019   DENIAL OF LICENSE APPLICATIONS.
54-2020   FEES.
54-2021   DISPOSITION OF FUNDS.
54-2022   REAL ESTATE EDUCATION -- PRELICENSE REQUIREMENTS.
54-2023   CONTINUING EDUCATION REQUIREMENTS.
54-2024   PURPOSE OF CERTIFICATION.
54-2025   CERTIFICATION REQUIREMENTS.
54-2026   CERTIFICATION OF COURSE PROVIDERS.
54-2027   DUTIES AND REQUIREMENTS OF ALL CERTIFIED COURSE PROVIDERS.
54-2028   TERM OF PROVIDER CERTIFICATION AND RENEWAL.
54-2029   NOTICE OF POTENTIAL EXPIRATION OF CERTIFICATION.
54-2030   EXPIRATION OR WITHDRAWAL OF PROVIDER CERTIFICATION -- NOTICE TO STUDENTS.
54-2031   WITHDRAWAL OF IDAHO CERTIFICATION FOR CAUSE -- PROCESS.
54-2032   CERTIFICATION OF INSTRUCTORS.
54-2033   INSTRUCTOR QUALIFICATIONS.
54-2034   SPECIAL CONSIDERATION -- DISCRETION OF THE COMMISSION.
54-2035   TERM OF INSTRUCTOR CERTIFICATION AND RENEWAL.
54-2036   CERTIFICATION OF COURSES AND COURSE CONTENT.
54-2037   TERM OF COURSE CERTIFICATION AND RENEWAL.
54-2038   DESIGNATED BROKER -- GENERAL RESPONSIBILITIES -- BROKER PRICE OPINIONS.
54-2039   BROKER AND BRANCH MANAGER ABSENCES AND CHANGES.
54-2040   MAIN OFFICE OR BUSINESS LOCATION.
54-2041   TRUST ACCOUNTS AND ENTRUSTED PROPERTY.
54-2042   CREATION OF NONINTEREST-BEARING TRUST ACCOUNTS -- REQUIREMENTS.
54-2043   INTEREST-BEARING TRUST ACCOUNTS.
54-2044   TRUST ACCOUNT RECORDKEEPING -- FORMAT OF RECORDS REQUIRED.
54-2045   TRUST ACCOUNT DEPOSITS AND RECEIPT OF CONSIDERATION.
54-2046   TRUST ACCOUNT DISBURSEMENTS.
54-2047   DISPUTED EARNEST MONEY.
54-2048   RESPONSIBLE BROKER FOR THE TRANSACTION -- DUTIES AND RECORDKEEPING.
54-2049   RECORD RETENTION SCHEDULES.
54-2050   BROKERAGE REPRESENTATION AGREEMENTS -- REQUIRED ELEMENTS.
54-2051   OFFERS TO PURCHASE.
54-2052   ELECTRONICALLY GENERATED AGREEMENTS.
54-2053   ADVERTISING.
54-2054   COMPENSATION, COMMISSIONS AND FEES -- PROHIBITED CONDUCT.
54-2055   LICENSEES DEALING WITH THEIR OWN PROPERTY.
54-2056   TERMINATING OR CHANGING LICENSED BUSINESS RELATIONSHIPS.
54-2057   DEATH OR INCAPACITY OF A DESIGNATED BROKER.
54-2058   AUTHORITY TO INVESTIGATE AND DISCIPLINE.
54-2059   DISCIPLINARY POWERS -- REVOCATION, SUSPENSION OR OTHER DISCIPLINARY ACTION.
54-2060   GROUNDS FOR DISCIPLINARY ACTION.
54-2061   ADDITIONAL GROUNDS FOR DISCIPLINARY ACTION -- COURT ACTIONS -- LICENSEE TO REPORT TO COMMISSION.
54-2062   ADDITIONAL GROUNDS FOR DISCIPLINARY ACTION -- OTHER ADMINISTRATIVE ACTIONS -- LICENSEE TO REPORT TO COMMISSION.
54-2063   DISCIPLINARY PROCEDURE AND REVIEW OF AGENCY ACTION.
54-2064   PROOF OF COMPLAINT -- PROSECUTION BY COUNTY PROSECUTING ATTORNEY.
54-2065   PENALTY FOR ACTING AS A BROKER OR SALESPERSON WITHOUT LICENSE.
54-2066   INJUNCTIVE RELIEF.
54-2067   CEASE AND DESIST ORDERS.
54-2068   WITNESSES -- DEPOSITIONS -- FEES -- SUBPOENAS.
54-2069   REAL ESTATE RECOVERY FUND ESTABLISHED.
54-2070   AUGMENTATION OF FUND.
54-2071   RECOVERY FROM FUND -- PROCEDURE -- GROUNDS -- AMOUNT -- HEARING.
54-2072   COMMISSION MAY ANSWER PETITION -- COMPROMISE OF CLAIMS.
54-2073   COURT ORDER REQUIRING PAYMENT FROM RECOVERY FUND.
54-2074   AUTOMATIC SUSPENSION OF BROKER'S, ASSOCIATE BROKER'S OR SALESPERSON'S LICENSE ON PAYMENT BY COMMISSION -- CONDITION FOR LICENSE REINSTATEMENT.
54-2075   ORDER OF PAYMENT OF CLAIMS IF RECOVERY FUND BALANCE INSUFFICIENT -- INTEREST.
54-2076   COMMISSION'S RIGHT TO SUBROGATION.
54-2077   WAIVER OF RIGHTS.
54-2078   DISCIPLINARY ACTION AGAINST LICENSEES NOT RESTRICTED FOR VIOLATIONS OF LAW OR RULES.
54-2079   TERMINATION OF SALES ASSOCIATE FOR VIOLATION OF DISCIPLINARY PROVISIONS -- STATEMENT TO BE FILED WITH COMMISSION.
54-2080   RECORDS -- DISCLOSURE TO PUBLIC.
54-2082   SHORT TITLE.
54-2083   DEFINITIONS.
54-2084   BROKERAGE AGENCY RELATIONSHIPS -- CREATION.
54-2085   DISCLOSURE AND WRITING REQUIREMENTS -- AGENCY DISCLOSURE BROCHURE AND REPRESENTATION CONFIRMATION.
54-2086   DUTIES TO A CUSTOMER.
54-2087   DUTIES TO A CLIENT.
54-2088   LIMITED DUAL AGENCY AND ASSIGNED AGENCY PERMITTED.
54-2089   BROKER COMPENSATION.
54-2090   WRITTEN OFFICE POLICY REQUIRED.
54-2091   DURATION OF AGENCY RELATIONSHIP.
54-2092   DUTIES AND OBLIGATIONS OWED AFTER TERMINATION OF REPRESENTATION.
54-2093   VICARIOUS LIABILITY ABOLISHED.
54-2094   REPRESENTATION NOT FIDUCIARY IN NATURE.
54-2095   CONFLICTS WITH OTHER LAW.
54-2096   SEVERABILITY.
54-2097   RULEMAKING AUTHORITY OF THE COMMISSION.


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