Idaho Real Estate Practice Exam

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When must a salesperson renew their license if it expires on November 30, 2016, and they obtain a broker’s license on March 17, 2016?

By May 15, 2017
By November 30, 2017
By December 31, 2016
By September 30, 2016

The correct answer is: By November 30, 2017

A salesperson who obtains a broker’s license typically has a different renewal schedule than they would have under their salesperson license. In Idaho, a broker's license is valid for a longer duration, which generally requires renewal every two years. Since the salesperson's license is set to expire on November 30, 2016, if they obtain their broker's license on March 17, 2016, their salesperson's license will not need to be renewed separately since they have upgraded to a broker's status. The renewal deadline for the broker's license would then be based on the issuance date of the new license. In this case, the two-year renewal period for the broker’s license would mean that it’s due by November 30, 2017, as the new license extends the period for renewal from the original expiration of the salesperson license. Therefore, renewing by November 30, 2017, aligns with the standard renewal timeframe for a broker after its issuance.