Bill description: This legislation includes provisions for Idaho to license out-of-state real estate agents.
Does it increase barriers to entry into the market? Examples include occupational licensure, the minimum wage, and restrictions on home businesses. Conversely, does it remove barriers to entry into the market?
Currently, out-of-state real estate agents cannot legally practice in Idaho. The Idaho Real Estate Commission says, “currently Idaho has no reciprocal license agreements with any other state.” If, however, you are actively licensed in another state, you qualify for a waiver of the national portion of the Idaho licensing exam. This legislation would open an important new door to expand the real estate business. (+1)
Does it give government any new, additional, or expanded power to prohibit, restrict, or regulate activities in the free market?
While this bill provides an avenue for out-of-state agents to practice, the process it establishes is highly regulated. Under this new legislation, the commission would only grant single-sale licenses for out-of-state agents only in cooperation with licensed Idaho real estate agents. Both agents would pay the same fees. Out-of-state practitioners must still have the equivalent standing and licensing as a qualified Idaho licensed agent. (-1)
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