Idaho License Law
What is 'inducement to breach a contract' as an IREC violation?
AEncouraging a client to negotiate a lower price
BA licensee inducing a buyer or seller to break an existing real estate contract to enter into a new one, especially for the licensee's benefit✓ Correct
CAdvising a client about legal contract rights
DPresenting competing offers to a seller
Explanation
Inducing a client or third party to breach an existing valid real estate contract — particularly for the licensee's own benefit — is an ethics violation and may constitute tortious interference with contract under Idaho law.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
State-Specific Concepts
License Law
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