Idaho Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Idaho Real Estate Exam. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare for your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does Idaho's circuit breaker law assist with?

Property transfer
Property taxes
Utility costs
Acknowledgement

The correct answer is: Acknowledgement

The circuit breaker law in Idaho is designed to assist with property taxes. Specifically, it provides property tax relief to certain qualified individuals, such as low-income homeowners, senior citizens, and disabled residents. This law aims to reduce the financial burden of property taxes, ensuring that those who may struggle to pay them due to fixed or limited incomes can receive some level of assistance. The program works by giving eligible homeowners a reduction in their property taxes, thereby helping to alleviate the economic strain associated with homeownership.