Idaho License Law
What is Idaho's rule regarding an agent who is also the principal (buyer or seller) in a transaction?
AAgents may never buy or sell property for themselves
BAgents must disclose their licensed status to all parties when buying or selling property for themselves✓ Correct
CAgents can buy or sell property without disclosure if no commission is paid
DAgents must obtain IREC approval before each personal transaction
Explanation
Idaho licensees must disclose their licensed status when they have a personal interest in a real estate transaction — whether buying, selling, or otherwise. Failure to disclose a licensee's professional status is a violation of Idaho license law and could constitute misrepresentation.
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