QUESTIONS AND ANSWERS
In Iowa, who administers real estate license law? - ANS Iowa Real Estate Commission
The members of the Iowa Real Estate Commission are appointed by the - ANS Governor,
subject to senate approval
The real estate commission has the authority to - ANS Make and enforce the rules by which
all real estate licensees must abide
The Iowa Real Estate Commission may undertake an investigation of a licensee based on all of
the following grounds EXPECT - ANS A phone complaint from the public
Which statement about the Iowa Real Estate Commission is true? - ANS An independent
testing company administers the examinations taken for real estate licensing
The commission has the power to revoke a salesperson's license, if the salesperson -
ANS deposits a tenant's rental check in his or her own bank account and then writes a
personal check to the landlord
A housing discrimination charge based on a violation of the Iowa Civil Rights Act must be filed
with the Iowa Civil Rights Commission within - ANS 180 Days
A licensee changes his or her personal residence. Which of the following is true? - ANS The
commission must be notified in writing of a change of residence or mailing address
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,When the real estate commission sends a Notice of Hearing to a licensee, the notice includes all
the following EXCEPT a - ANS statement of the possible punishments
If a person cannot find employment as a salesperson in a community, the commission has the
authority to waive the experience requirement and allow the person to take the broker's exam
after the candidate - ANS completes a required broker pre-licensing education
The Iowa Real Estate Commission can investigate a licensee for all of the following EXCEPT -
ANS Profession Competency
Regarding errors and omissions insurance, which of the following statements is TRUE? -
ANS The real estate commission determines the minimum limited of coverage, deductibles,
and permissible exceptions
The real estate commission occasionally receives written complaints that lack clarity and,
therefore, may be refused a hearing. Which of the following is grounds for a hearing? -
ANS Revocation of any professional license
The mix of licensed and unlicensed members of the real estate commission is - ANS five
licensed and two unlicensed
A real estate commissioner will server for a term of - ANS three years
If a salesperson member of the Iowa Real Estate Commission elects to become a broker-
associate during her appointment to the commission she - ANS may complete her term as a
salesperson, but lose eligibility for reappointment as a salesperson if she is the only salesperson
member
The Iowa Real Estate Commission - ANS member is not allowed to hold any other elective or
appointed state or federal office simultaneously
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, By state law, the Iowa Real Estate Commission may NOT - ANS adopt rules to establish title
insurance in Iowa
Members of the commission are entitled to - ANS Actual expenses plus a stipend for each
day of service
The commission seal is used to authenticate - ANS the real estate commission's proceedings
and copies of paper used in court
In the preparation of a real estate hearing, the power to execute and sign subpoenas that
require the attendance and testimony of any witness and the handover of any paper or books is
given to the - ANS The Real Estate Commission
Disobedience to a real estate commission subpoena is considered - ANS Contempt of court
Witnesses subpoenaed by the Iowa Real Estate Commission are entitled to - ANS The same
fees and mileage as in judicial proceedings for civil cases
At least annually, the Iowa Real Estate Commission publishes, and mails upon request, the
names of all licensees licensed in Iowa and the names - ANS of those whose licenses have
been suspended or revoked within the last year
The Iowa Real Estate Education Fund is created as a financial assurance mechanism to assist in
providing an education director and establishing and maintaining a real estate education
program at - ANS The University of Northern Iowa
The Iowa Real Estate Commission specifically will NOT get involved with a dispute over -
ANS Commissions between cooperating real estate firms
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