Iowa Real Estate Exam Prep with
Complete Solutions
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
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
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
A complaint has been filed against a licensee. The commission has determined that a
contested case hearing must be held. The commission must send a notice of the
hearing along with a statement of the charges at LEAST - ANS-20 days before the
hearing
A licensee has received a notice of a hearing. The licensee must acknowledge receipt
of the notice within - ANS-10 days
A complaint filed with the real estate commission - ANS-must contain a concise
statement of the facts
Which of the following is TRUE regarding informal discussions conducted by the
commission? - ANS-A licensee's employing broker is always invited
The notice of a commission hearing contains all of the following EXCEPT - ANS-
authorized penalties that the commission may impose
All of the following factors are among those which the commission may consider in
determining the nature and severity of disciplinary sanctions imposed against a licensee
EXCEPT the - ANS-relative seriousness of the violation as it relates to other real estate
agents
Engaging in activities requiring a license while a license is inactive is a violation for
which a civil penalty may be imposed in the amount of - ANS-$2,500
Which of the following is NOT a penalty available to the commission - ANS-30 days in
jail
An active salesperson's license must be kept in the custody of the - ANS-broker
A salesperson sold a property when she was actively working for a broker. When she
left the company, the broker refused to pay her when the transaction closed. In this
case, the commission will - ANS-do nothing
The Iowa Fair Housing Act would prohibit discrimination in the sale of all the following
EXCEPT - ANS-A pontoon boat
In Iowa, who of the following would need to be a licensed real estate broker or
salesperson? - ANS-A person accepting a referral fee from a licensed real estate agent
Complete Solutions
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
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
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
A complaint has been filed against a licensee. The commission has determined that a
contested case hearing must be held. The commission must send a notice of the
hearing along with a statement of the charges at LEAST - ANS-20 days before the
hearing
A licensee has received a notice of a hearing. The licensee must acknowledge receipt
of the notice within - ANS-10 days
A complaint filed with the real estate commission - ANS-must contain a concise
statement of the facts
Which of the following is TRUE regarding informal discussions conducted by the
commission? - ANS-A licensee's employing broker is always invited
The notice of a commission hearing contains all of the following EXCEPT - ANS-
authorized penalties that the commission may impose
All of the following factors are among those which the commission may consider in
determining the nature and severity of disciplinary sanctions imposed against a licensee
EXCEPT the - ANS-relative seriousness of the violation as it relates to other real estate
agents
Engaging in activities requiring a license while a license is inactive is a violation for
which a civil penalty may be imposed in the amount of - ANS-$2,500
Which of the following is NOT a penalty available to the commission - ANS-30 days in
jail
An active salesperson's license must be kept in the custody of the - ANS-broker
A salesperson sold a property when she was actively working for a broker. When she
left the company, the broker refused to pay her when the transaction closed. In this
case, the commission will - ANS-do nothing
The Iowa Fair Housing Act would prohibit discrimination in the sale of all the following
EXCEPT - ANS-A pontoon boat
In Iowa, who of the following would need to be a licensed real estate broker or
salesperson? - ANS-A person accepting a referral fee from a licensed real estate agent
