Iowa Real Estate Exam Prep All Answers Correct

Iowa Real Estate Exam Prep All Answers Correct In Iowa, who administers real estate license law? Iowa Real Estate Commission The members of the Iowa Real Estate Commission are appointed by the Governor, subject to senate approval The real estate commission has the authority to 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 A phone complaint from the public Which statement about the Iowa Real Estate Commission is true? 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 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 180 Days A licensee changes his or her personal residence. Which of the following is true? 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 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 completes a required broker pre-licensing education The Iowa Real Estate Commission can investigate a licensee for all of the following EXCEPT Profession Competency Regarding errors and omissions insurance, which of the following statements is TRUE? 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? Revocation of any professional license The mix of licensed and unlicensed members of the real estate commission is five licensed and two unlicensed A real estate commissioner will server for a term of 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 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 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 adopt rules to establish title insurance in Iowa Members of the commission are entitled to Actual expenses plus a stipend for each day of service The commission seal is used to authenticate 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 The Real Estate Commission Disobedience to a real estate commission subpoena is considered Contempt of court Witnesses subpoenaed by the Iowa Real Estate Commission are entitled to 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 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 The University of Northern Iowa The Iowa Real Estate Commission specifically will NOT get involved with a dispute over 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 20 days before the hearing A licensee has received a notice of a hearing. The licensee must acknowledge receipt of the notice within 10 days A complaint filed with the real estate commission must contain a concise statement of the facts Which of the following is TRUE regarding informal discussions conducted by the commission