Idaho License Law
What is the purpose of Idaho's 'broker reciprocity' arrangement for MLS listings?
ATo allow brokers to share commissions equally
BTo allow all MLS member brokers to display each other's listings to consumers, with compensation offered per MLS rules✓ Correct
CTo require all listings to be shared with every broker in the state
DA fee-sharing arrangement between competing brokers
Explanation
Broker reciprocity allows MLS member brokers to display each other's listings on their websites and other platforms. Compensation arrangements (buyer's agent commissions) are offered through the MLS per the listing broker's terms.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Math Concepts
State-Specific Concepts
License Law
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