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2020 IOWA REAL ESTATE LICENSE Questions with 100% Correct Answers | Latest Updated 2024 | Guaranteed Success

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2020 IOWA REAL ESTATE LICENSE Questions with 100% Correct Answers | Latest Updated 2024 | Guaranteed Success

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Institution
IOWA REAL ESTATE
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Uploaded on
September 18, 2024
Number of pages
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Written in
2024/2025
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2020 IOWA REAL ESTATE LICENSE
Questions with 100% Correct Answers |
Latest Updated 2024 | Guaranteed Success
The Iowa Real Estate Commission is a regulatory body made up of how many people? - ✔✔7



The Iowa Real Estate Commission mission is to protect who? - ✔✔The public



How many of the The Iowa Real Estate Commission members must be licensed in Iowa? - ✔✔5



How many years does each of the five members must have as a minimum of real estate
experience and the last two of which must have been in iowa? - ✔✔5



The other 2 members out of the total 7, must not be real estate licensees but still must be Iowa
what? - ✔✔residents



How long is iowa commission members regular terms? - ✔✔3



How many total years can each iowa real estate commission member serve? - ✔✔9



How much is the Iowa real estate state exam fee for a salesperson license? - ✔✔$125



How much is the Iowa real estate state exam fee for a broker's license? - ✔✔$170



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, Iowa requirements for salesperson and broker applicants must be how old? - ✔✔18



In iowa, do you have to be a US citizen or resident to get your license? - ✔✔No



The applicant must be a person whose application has not been rejected for licensure in Iowa
OR any other state within 12 months prior to the date of application AND whose real estate
license has not been revoked in Iowa or any other state within 2 years prior to date of
application.

TRUE OR FALSE - ✔✔TRUE



An applicant may be denied a license if he or she has: Been convicted of any crime involving
moral turpitude, in a court of competent jurisdiction.

TRUE OR FALSE - ✔✔TRUE



An applicant may be denied a license if he or she has: Had his or her real estate license revoked.

TRUE OR FALSE - ✔✔TRUE



(Salesperson prelicense education requirements) Under Iowa law, a qualified applicant must
complete a 80-hour commission-approved course of study in real estate principles and practices.
This course can be taken via either classroom or computer-based training.

TRUE OR FALSE If false, how many hours? - ✔✔60



(Salesperson prelicense education requirements)


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, In addition to the 60-hour course, applicants for a salesperson license must complete five 12-
hour courses on Buying Practices, Listing Practices, and Professionalism and Ethical
Practices.

TRUE OR FALSE? If false, how many hour of courses? - ✔✔3



(Salesperson prelicense education requirements)

The 60 hour and 36 hour courses must be completed within how many months prior to the date
of application? - ✔✔12



To become a broker you must be actively licensed as a salesperson for a minimum of how
many months? - ✔✔24



a broker applicant must complete a Commission-approved course consisting of at least 72 hours
of instruction.

TRUE OR FALSE If false, how many? - ✔✔TRUE



How many questions are on the iowa state exam? - ✔✔120



What is the minimum percentage a salesperson must get to pass the exam? - ✔✔70%



What is the minimum percentage a broker must get to pass the exam? - ✔✔75%



How many types of licenses are available in iowa? - ✔✔5



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