Idaho Administrative Code Title IDAPA 33 - Real Estate Commission
Idaho Administrative Code (IDAPA)
Title 33 — Real Estate Commission
Overview and Purpose
IDAPA 33 contains the rules and regulations promulgated by the Idaho Real Estate Commission.
The Commission is responsible for regulating the real estate industry in Idaho, including licensing, education, and disciplinary actions related to real estate professionals.
The rules ensure that real estate practices in Idaho are conducted ethically, legally, and with protection for the public interest.
Key Provisions and Functions
1. Licensing Requirements
Specifies the qualifications and procedures for obtaining a real estate license in Idaho, including:
Education prerequisites.
Pre-licensing courses and exams.
Application procedures and fees.
Types of licenses regulated include:
Real estate brokers.
Salespersons.
Property managers (if applicable).
Rules for license renewal, expiration, and reinstatement are included.
2. Continuing Education
Licensees must complete a certain number of continuing education (CE) hours within specified renewal periods.
The Commission approves CE providers and courses.
CE requirements help ensure that real estate professionals remain knowledgeable about laws, ethics, and industry practices.
3. Standards of Practice and Ethical Conduct
The rules establish professional standards and ethical obligations for licensees, including:
Honest and fair dealing.
Disclosure of material facts.
Avoidance of conflicts of interest.
Proper handling of client funds and records.
Prohibited practices such as misrepresentation, fraud, and discrimination are detailed.
4. Disciplinary Procedures
The Commission has authority to investigate complaints against licensees.
Grounds for disciplinary action include negligence, fraud, unprofessional conduct, and violations of Idaho real estate laws.
Procedures for hearings, sanctions, fines, suspension, or revocation of licenses are described.
5. Brokerage and Transaction Rules
Regulations governing brokerage relationships, agency disclosures, contracts, and transaction recordkeeping.
Requirements for earnest money deposits, escrow accounts, and trust account management.
Rules addressing advertising, marketing, and solicitation practices.
6. Administrative Procedures
Details on how the Commission conducts meetings, rulemaking, and public hearings.
Guidelines for license applications, renewals, and maintaining records.
Public access to records and complaint filings.
Importance of IDAPA 33
Protects consumers by ensuring that real estate professionals are competent, ethical, and accountable.
Provides clarity and consistency in licensing and regulatory standards.
Helps maintain the integrity and reputation of Idaho’s real estate industry.
Promotes ongoing education and professional development.
Summary Table
| Aspect | Description |
|---|---|
| Licensing | Qualifications, application, renewal, and reinstatement |
| Continuing Education | Required courses and approved providers |
| Ethical Standards | Professional conduct, disclosures, prohibited practices |
| Disciplinary Actions | Complaint investigations, hearings, sanctions |
| Brokerage Rules | Agency relationships, escrow handling, advertising |
| Administration | Rulemaking, public hearings, recordkeeping |
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