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ID S1065
Bill
AI Summary
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Adds definition of "active license" as a real estate license that has not been inactivated, expired, terminated, suspended, or revoked.
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Adds definition of "broker price opinion" as a written price opinion prepared or rendered by an actively licensed broker or associate broker for purposes other than a prospective listing or sale, complying with section 54-4105 requirements.
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Permits actively licensed salespersons and brokers to give price opinions for prospective listings or sales, but restricts broker price opinion preparation exclusively to actively licensed brokers.
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Requires broker price opinions prepared by associate brokers to be submitted through the designated broker, with associate brokers prohibited from accepting fees except through the designated broker.
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Removes redundant language from section 54-2058 defining "acting within the state of Idaho" by relocating the definition to section 54-2004 and makes technical corrections.
Legislative Description
Amends existing law relating to Idaho real estate license law to provide that certain licensees may give an opinion of the price of real estate for the purpose of a prospective listing or sale, to provide that only an actively licensed broker may prepare and render a broker price opinion; to provide requirements relating to a broker price opinion prepared or rendered by an associate broker and to remove language relating to a person acting within the state.
REAL ESTATE LICENSE LAW
Last Action
to Com/HuRes
2/3/2011