New License FAQ

Can I Get My Idaho Real Estate License Online?

This is one of the most frequently asked questions that we get. The short answer is no. The Idaho Real Estate Commission currently requires live, classroom instruction of the two 45 hour Idaho pre-licensing courses- Module 1 and Module 2. So what’s the good news? We have an option for you to fulfill the requirement of live instruction in the shortest time possible – just 2 weeks – so you can get your real estate career started as soon as possible!

What Does It Cost to Start My Idaho Real Estate Career?

We are often asked by those seeking an Idaho Real Estate license- ‘What does it cost to get an Idaho Real Estate license?’ There are several items involved:
First, to obtain your Idaho real estate salesperson license you must take the two 45 hour Idaho pre-license courses- Module 1 and Module 2. Cost for these courses from the North Idaho Real Estate Academy is $795, which includes all books and materials and can be completed in just 2 weeks! Our 2 week schedule allows you to get your new career started sooner!
You then need to pass the Idaho real estate exam- fee of $80, and pass a fingerprint/background check- fee of $62.00 After that, you then must choose to affiliate with a particular brokerage firm and then you may submit your license application to the Idaho Real Estate Commission- fee of $160. After licensing you may (most likely) need to join the National, State and Local Associations of REALTOR®’s, if the brokerage you are affiliating with is a REALTOR® member. Dues for the association membership(s) are pro-rated from January 1 and are approximately $800 annually. So this could be $400-$800 based upon the month joining.

What Happens After the Test?

If you become associated with a brokerage that is a REALTOR® member, you will need to join your local Multiple Listing Service (MLS), which gives you access to the listings of all member brokerages. This fee is charged monthly and is $25 per month for the Coeur d’Alene MLS, other area MLS fees may be different.
Additionally, you must obtain an Errors & Omissions insurance policy. The Idaho Real Estate Commission can provide insurance through Rice Insurance Services Company (RISC). You may also obtain this from the brokerage you become affiliated with if they have their own provider. Cost for this coverage from RISC is approximately $200 annually, pro-rated as of October 1.
All costs considered, starting your career in real estate sales for approximately $1,500 to $1,800 is an affordable venture compared to starting other small businesses and offers rewarding income potential. The broker you become affiliated may have other start-up cost requirements for business cards, signs and office supplies. Questions? Contact us today- we are here to assist you!
*Prices are subject to change

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