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Which action would NOT be grounds for revoking a broker's license in Idaho?

  1. Depositing a buyer's down payment in the salesperson's bank account

  2. Failing to report a change in address

  3. Neglecting to maintain required trust accounts

  4. Accepting gifts from clients in excess of local limits

The correct answer is: Depositing a buyer's down payment in the salesperson's bank account

The reason depositing a buyer's down payment in the salesperson's bank account would not be grounds for revoking a broker's license in Idaho lies in the nature of real estate transactions and the handling of funds. While this action demonstrates a significant lack of professionalism and proper protocol, which could lead to disciplinary actions or other consequences for the salesperson, it does not directly jeopardize the broker's license. In the context of real estate, brokers are responsible for maintaining proper control over trust accounts and ensuring that all funds are handled appropriately. However, if a salesperson mismanages funds by depositing them in their personal account, it is primarily the salesperson who would face repercussions, not the broker. The broker's liability may come into play depending on their knowledge or involvement in the wrongdoing, but the act itself may not be enough to revoke the broker's license outright. On the other hand, failing to report a change in address, neglecting to maintain required trust accounts, and accepting gifts from clients in excess of local limits are all directly tied to the responsibilities and ethical standards expected from a licensed broker. Each of these actions could reflect poorly on the broker’s ability to manage their business and maintain compliance with state regulations, potentially resulting in license revocation.