Idaho Real Estate Practice Exam

Who may serve as the branch manager of a new licensed branch office established by a designated broker?

1. A broker from another agency

2. A recently retired manager

3. Find a new broker within 10 business days

4. A designated broker from a different state

The correct answer is: Find a new broker within 10 business days

The correct response highlights the requirement that a branch manager for a newly licensed branch office established by a designated broker must be properly qualified and available within a specific timeframe. Under Idaho real estate laws, when a designated broker opens a new branch office, it is necessary to appoint a designated broker who can actively oversee the operations of that office. The stipulation that a new broker must be found within 10 business days emphasizes the importance of having someone in place who is not only licensed but also capable of fulfilling the responsibilities associated with managing a branch office. This timeframe is crucial for compliance with licensing regulations and for ensuring that the office operates smoothly from the outset. The other choices presented are not in line with regulatory requirements. A broker from another agency may not have the authority to manage the new branch, as it contradicts the requirement for a designated broker to be in charge. A recently retired manager may not possess an active license needed for such a managerial position. Meanwhile, a designated broker from a different state would not meet Idaho's licensing criteria, as each state has specific qualifications that must be adhered to for managing real estate operations. Thus, the correct answer underscores the importance of proper licensure and availability in accordance with state regulations.