Iowa Real Estate Exam Prep Questions
With Correct Answers
In |Iowa, |who |administers |real |estate |license |law? |- |CORRECT |ANSWER✔✔-Iowa |Real |Estate |
Commission
The |members |of |the |Iowa |Real |Estate |Commission |are |appointed |by |the |- |CORRECT |
ANSWER✔✔-Governor, |subject |to |senate |approval
The |real |estate |commission |has |the |authority |to |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-A |phone |complaint |from |the |public
Which |statement |about |the |Iowa |Real |Estate |Commission |is |true? |- |CORRECT |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 |- |CORRECT
|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 |- |CORRECT |ANSWER✔✔-180 |Days
,A |licensee |changes |his |or |her |personal |residence. |Which |of |the |following |is |true? |- |CORRECT |
ANSWER✔✔-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 |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 |- |CORRECT |ANSWER✔✔-completes |a |required |broker |pre-licensing |
education
The |Iowa |Real |Estate |Commission |can |investigate |a |licensee |for |all |of |the |following |EXCEPT |- |
CORRECT |ANSWER✔✔-Profession |Competency
Regarding |errors |and |omissions |insurance, |which |of |the |following |statements |is |TRUE? |- |
CORRECT |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? |- |
CORRECT |ANSWER✔✔-Revocation |of |any |professional |license
The |mix |of |licensed |and |unlicensed |members |of |the |real |estate |commission |is |- |CORRECT |
ANSWER✔✔-five |licensed |and |two |unlicensed
A |real |estate |commissioner |will |server |for |a |term |of |- |CORRECT |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 |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-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 |ANSWER✔✔-adopt |rules |
to |establish |title |insurance |in |Iowa
Members |of |the |commission |are |entitled |to |- |CORRECT |ANSWER✔✔-Actual |expenses |plus |a |
stipend |for |each |day |of |service
The |commission |seal |is |used |to |authenticate |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-The |Real |Estate |Commission
Disobedience |to |a |real |estate |commission |subpoena |is |considered |- |CORRECT |ANSWER✔✔-
Contempt |of |court
Witnesses |subpoenaed |by |the |Iowa |Real |Estate |Commission |are |entitled |to |- |CORRECT |
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 |- |CORRECT |ANSWER✔✔-of |those |
whose |licenses |have |been |suspended |or |revoked |within |the |last |year
With Correct Answers
In |Iowa, |who |administers |real |estate |license |law? |- |CORRECT |ANSWER✔✔-Iowa |Real |Estate |
Commission
The |members |of |the |Iowa |Real |Estate |Commission |are |appointed |by |the |- |CORRECT |
ANSWER✔✔-Governor, |subject |to |senate |approval
The |real |estate |commission |has |the |authority |to |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-A |phone |complaint |from |the |public
Which |statement |about |the |Iowa |Real |Estate |Commission |is |true? |- |CORRECT |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 |- |CORRECT
|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 |- |CORRECT |ANSWER✔✔-180 |Days
,A |licensee |changes |his |or |her |personal |residence. |Which |of |the |following |is |true? |- |CORRECT |
ANSWER✔✔-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 |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 |- |CORRECT |ANSWER✔✔-completes |a |required |broker |pre-licensing |
education
The |Iowa |Real |Estate |Commission |can |investigate |a |licensee |for |all |of |the |following |EXCEPT |- |
CORRECT |ANSWER✔✔-Profession |Competency
Regarding |errors |and |omissions |insurance, |which |of |the |following |statements |is |TRUE? |- |
CORRECT |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? |- |
CORRECT |ANSWER✔✔-Revocation |of |any |professional |license
The |mix |of |licensed |and |unlicensed |members |of |the |real |estate |commission |is |- |CORRECT |
ANSWER✔✔-five |licensed |and |two |unlicensed
A |real |estate |commissioner |will |server |for |a |term |of |- |CORRECT |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 |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-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 |ANSWER✔✔-adopt |rules |
to |establish |title |insurance |in |Iowa
Members |of |the |commission |are |entitled |to |- |CORRECT |ANSWER✔✔-Actual |expenses |plus |a |
stipend |for |each |day |of |service
The |commission |seal |is |used |to |authenticate |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-The |Real |Estate |Commission
Disobedience |to |a |real |estate |commission |subpoena |is |considered |- |CORRECT |ANSWER✔✔-
Contempt |of |court
Witnesses |subpoenaed |by |the |Iowa |Real |Estate |Commission |are |entitled |to |- |CORRECT |
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 |- |CORRECT |ANSWER✔✔-of |those |
whose |licenses |have |been |suspended |or |revoked |within |the |last |year
