Exam With Verified Solutions
2025/2026
In Iowa, who administers real estate license law? - Correct Answers-Iowa Real
Estate Commission
The members of the Iowa Real Estate Commission are appointed by the -
Correct Answers-Governor, subject to senate approval
The real estate commission has the authority to - Correct Answers-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 - Correct Answers-A
phone complaint from the public
Which statement about the Iowa Real Estate Commission is true? - Correct
Answers-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 - Correct Answers-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 - Correct
Answers-180 Days
A licensee changes his or her personal residence. Which of the following is
true? - Correct Answers-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 - Correct Answers-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 - Correct Answers-
completes a required broker pre-licensing education
,The Iowa Real Estate Commission can investigate a licensee for all of the
following EXCEPT - Correct Answers-Profession Competency
Regarding errors and omissions insurance, which of the following statements
is TRUE? - Correct Answers-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? - Correct Answers-Revocation of any professional
license
The mix of licensed and unlicensed members of the real estate commission
is - Correct Answers-five licensed and two unlicensed
A real estate commissioner will server for a term of - Correct Answers-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 -
Correct Answers-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 - Correct Answers-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 - Correct Answers-
adopt rules to establish title insurance in Iowa
Members of the commission are entitled to - Correct Answers-Actual
expenses plus a stipend for each day of service
The commission seal is used to authenticate - Correct Answers-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 - Correct Answers-The Real
Estate Commission
Disobedience to a real estate commission subpoena is considered - Correct
Answers-Contempt of court
, Witnesses subpoenaed by the Iowa Real Estate Commission are entitled to -
Correct Answers-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 -
Correct Answers-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 - Correct Answers-The
University of Northern Iowa
The Iowa Real Estate Commission specifically will NOT get involved with a
dispute over - Correct Answers-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 - Correct Answers-20 days before the hearing
A licensee has received a notice of a hearing. The licensee must
acknowledge receipt of the notice within - Correct Answers-10 days
A complaint filed with the real estate commission - Correct Answers-must
contain a concise statement of the facts
Which of the following is TRUE regarding informal discussions conducted by
the commission? - Correct Answers-A licensee's employing broker is always
invited
The notice of a commission hearing contains all of the following EXCEPT -
Correct Answers-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 - Correct Answers-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 - Correct
Answers-$2,500