100% CORRECT AND VERIFIED
In Iowa, who administers real estate license law? - ANSWER Iowa Real Estate
Commission
The members of the Iowa Real Estate Commission are appointed by the -
ANSWER Governor, subject to senate approval
The real estate commission has the authority to - ANSWER 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 - ANSWER A phone complaint from the public
Which statement about the Iowa Real Estate Commission is true? - ANSWER 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 -
ANSWER 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 - ANSWER 180 Days
A licensee changes his or her personal residence. Which of the following is true? -
ANSWER The commission must be notified in writing of a change of residence or
mailing address
1
Wicky
,When the real estate commission sends a Notice of Hearing to a licensee, the notice
includes all the following EXCEPT a - ANSWER 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 - ANSWER completes a required broker pre-licensing
education
The Iowa Real Estate Commission can investigate a licensee for all of the following EXCEPT -
ANSWER Profession Competency
Regarding errors and omissions insurance, which of the following statements is TRUE? -
ANSWER 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? -
ANSWER Revocation of any professional license
The mix of licensed and unlicensed members of the real estate commission is -
ANSWER five licensed and two unlicensed
A real estate commissioner will server for a term of - ANSWER 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 - ANSWER 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 - ANSWER member is not allowed to hold any other
elective or appointed state or federal office simultaneously
2
Wicky
, By state law, the Iowa Real Estate Commission may NOT - ANSWER adopt rules to
establish title insurance in Iowa
Members of the commission are entitled to - ANSWER Actual expenses plus a stipend
for each day of service
The commission seal is used to authenticate - ANSWER 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 - ANSWER The Real Estate Commission
Disobedience to a real estate commission subpoena is considered -
ANSWER Contempt of court
Witnesses subpoenaed by the Iowa Real Estate Commission are entitled to -
ANSWER 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 - ANSWER 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 - ANSWER The University of Northern Iowa
The Iowa Real Estate Commission specifically will NOT get involved with a dispute over -
ANSWER Commissions between cooperating real estate firms
3
Wicky
In Iowa, who administers real estate license law? - ANSWER Iowa Real Estate
Commission
The members of the Iowa Real Estate Commission are appointed by the -
ANSWER Governor, subject to senate approval
The real estate commission has the authority to - ANSWER 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 - ANSWER A phone complaint from the public
Which statement about the Iowa Real Estate Commission is true? - ANSWER 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 -
ANSWER 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 - ANSWER 180 Days
A licensee changes his or her personal residence. Which of the following is true? -
ANSWER The commission must be notified in writing of a change of residence or
mailing address
1
Wicky
,When the real estate commission sends a Notice of Hearing to a licensee, the notice
includes all the following EXCEPT a - ANSWER 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 - ANSWER completes a required broker pre-licensing
education
The Iowa Real Estate Commission can investigate a licensee for all of the following EXCEPT -
ANSWER Profession Competency
Regarding errors and omissions insurance, which of the following statements is TRUE? -
ANSWER 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? -
ANSWER Revocation of any professional license
The mix of licensed and unlicensed members of the real estate commission is -
ANSWER five licensed and two unlicensed
A real estate commissioner will server for a term of - ANSWER 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 - ANSWER 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 - ANSWER member is not allowed to hold any other
elective or appointed state or federal office simultaneously
2
Wicky
, By state law, the Iowa Real Estate Commission may NOT - ANSWER adopt rules to
establish title insurance in Iowa
Members of the commission are entitled to - ANSWER Actual expenses plus a stipend
for each day of service
The commission seal is used to authenticate - ANSWER 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 - ANSWER The Real Estate Commission
Disobedience to a real estate commission subpoena is considered -
ANSWER Contempt of court
Witnesses subpoenaed by the Iowa Real Estate Commission are entitled to -
ANSWER 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 - ANSWER 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 - ANSWER The University of Northern Iowa
The Iowa Real Estate Commission specifically will NOT get involved with a dispute over -
ANSWER Commissions between cooperating real estate firms
3
Wicky
