IOWA REAL ESTATE SALESPERSON EXAM PRACTICE
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Iowa Real Estate Commission is responsible for:
A. Tax collection
B. Licensing and regulating real estate professionals
C. Mortgage lending
D. Property appraisal
Answer: B
Rationale: The Iowa Real Estate Commission regulates licensing and professional conduct.
2. A real estate salesperson in Iowa must work under a:
A. Attorney
B. Licensed broker
C. Lender
D. Appraiser
Answer: B
Rationale: Salespersons must be supervised by a broker.
3. Real property includes:
A. Cars
B. Land and permanent improvements
C. Furniture
D. Cash
Answer: B
Rationale: Real property includes land and fixtures.
4. Personal property is also known as:
,A. Fixtures
B. Chattels
C. Estate
D. Title
Answer: B
Rationale: Personal property is movable property.
5. A fixture is:
A. Movable item
B. Permanently attached property
C. Loan document
D. Lease
Answer: B
Rationale: Fixtures become part of real estate.
6. The Statute of Frauds requires:
A. Oral agreements
B. Written real estate contracts
C. Verbal leases
D. Informal deals
Answer: B
Rationale: Real estate contracts must be in writing.
7. Fiduciary duty includes:
A. Loyalty
B. Advertising
C. Lending
D. Tax filing
Answer: A
Rationale: Loyalty is a core fiduciary duty.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Accounting
C. Marketing
D. Obedience
Answer: C
Rationale: Marketing is not a fiduciary duty.
9. Fair Housing Act prohibits discrimination based on:
A. Income
B. Protected classes
C. Job title
D. Education
Answer: B
Rationale: Race, color, religion, sex, etc.
10. Steering is:
A. Legal advice
B. Directing clients based on protected class
C. Appraisal
D. Loan processing
Answer: B
Rationale: Illegal discriminatory practice.
11. Blockbusting is:
A. Renovation
B. Inducing panic selling
C. Inspection
D. Financing
Answer: B
Rationale: Illegal fear-based inducement.
12. A deed is used to:
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Iowa Real Estate Commission is responsible for:
A. Tax collection
B. Licensing and regulating real estate professionals
C. Mortgage lending
D. Property appraisal
Answer: B
Rationale: The Iowa Real Estate Commission regulates licensing and professional conduct.
2. A real estate salesperson in Iowa must work under a:
A. Attorney
B. Licensed broker
C. Lender
D. Appraiser
Answer: B
Rationale: Salespersons must be supervised by a broker.
3. Real property includes:
A. Cars
B. Land and permanent improvements
C. Furniture
D. Cash
Answer: B
Rationale: Real property includes land and fixtures.
4. Personal property is also known as:
,A. Fixtures
B. Chattels
C. Estate
D. Title
Answer: B
Rationale: Personal property is movable property.
5. A fixture is:
A. Movable item
B. Permanently attached property
C. Loan document
D. Lease
Answer: B
Rationale: Fixtures become part of real estate.
6. The Statute of Frauds requires:
A. Oral agreements
B. Written real estate contracts
C. Verbal leases
D. Informal deals
Answer: B
Rationale: Real estate contracts must be in writing.
7. Fiduciary duty includes:
A. Loyalty
B. Advertising
C. Lending
D. Tax filing
Answer: A
Rationale: Loyalty is a core fiduciary duty.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Accounting
C. Marketing
D. Obedience
Answer: C
Rationale: Marketing is not a fiduciary duty.
9. Fair Housing Act prohibits discrimination based on:
A. Income
B. Protected classes
C. Job title
D. Education
Answer: B
Rationale: Race, color, religion, sex, etc.
10. Steering is:
A. Legal advice
B. Directing clients based on protected class
C. Appraisal
D. Loan processing
Answer: B
Rationale: Illegal discriminatory practice.
11. Blockbusting is:
A. Renovation
B. Inducing panic selling
C. Inspection
D. Financing
Answer: B
Rationale: Illegal fear-based inducement.
12. A deed is used to:
