he Idaho Real Estate Commission (IREC) is a state-run agency that is responsible for regulating the real estate industry in Idaho. The commission is made up of seven members, who are appointed by the Governor and confirmed by the Senate. These members represent various segments of the real estate industry, including real estate brokers, appraisers, and the public.
One of the main functions of the IREC is to issue and renew licenses for real estate agents and brokers in Idaho. In order to obtain a license, individuals must pass an exam and complete a certain number of hours of pre-licensing education. The commission also sets standards for continuing education, which agents and brokers must complete in order to maintain their licenses.
The IREC also receives and investigates complaints about licensed real estate professionals, and can take disciplinary action if necessary. This can include revoking or suspending licenses, issuing fines, or requiring additional education. The commission also works closely with other state agencies, such as the Idaho Department of Finance and the Idaho Attorney General's office, to enforce real estate laws and regulations.
In addition to its regulatory role, the IREC also provides information and resources to the public, including a list of licensed professionals, information about the real estate licensing exam, and a guide to the home-buying process. For example, IREC provides the Idaho Agency Disclosure Brochure to inform the public about the different types of agency that can be involved in a relationship between a buyer or seller and an agent.
The Idaho Real Estate Commission plays an important role in protecting the public by ensuring that real estate professionals in Idaho are qualified and adhere to ethical standards. It's mission is to protect the public interest and ensure that Idaho real estate licensees are competent and professional in the conduct of their business.