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If a designated broker voluntarily surrenders their license in Idaho, how many days does the entity have to designate another?

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Question & Answer

Review the question and all answer choices

A

10 days

Correct Answer
B

30 days

30 days is a common administrative timeframe in real estate regulation but is not the standard Idaho applies to this specific situation; the Commission's rules impose the much shorter 10-business-day deadline to prevent extended gaps in broker supervision.

C

60 days

60 days would allow far too long a period for an entity to operate without a designated broker, which contradicts Idaho's consumer protection mandate requiring continuous broker oversight of all licensees and transactions.

D

100 days

100 days is not a recognized timeframe in Idaho real estate licensing rules and would represent an unreasonably long period for an entity to function without the required designated broker supervision.

Why is this correct?

Under Idaho Real Estate Commission rules, when a designated broker voluntarily surrenders their license, the real estate entity has exactly 10 business days to designate a new qualifying broker to maintain its active status. This tight timeframe reflects the Commission's position that broker supervision is not optional or interruptible β€” it is a continuous requirement for lawful operation. Failure to designate a replacement within 10 business days can result in the entity's license becoming inactive or subject to disciplinary action.

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