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Real Estate Salesperson Exam — National Portion

Recovery fund (ID): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Idaho

What balance does Idaho keep in the real estate recovery fund?

  1. $10,000
  2. $20,000
  3. $100,000
  4. $1 million
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B. $20,000 — Idaho Code 54-2070.

Question 2 · Idaho

What does each Idaho licensee pay toward the recovery fund per two-year license?

  1. $10
  2. $20
  3. $40
  4. $75
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B. $20 — Idaho Code 54-2070.

Question 3 · Idaho

What is the most Idaho's recovery fund pays per licensee per calendar year?

  1. $5,000
  2. $10,000
  3. $25,000
  4. $50,000
Show the answer

B. $10,000 — Idaho Code 54-2071(1).

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