2023 IOWA REAL ESTATE LICENSE EXAM
The Iowa Real Estate Commission is a regulatory body made up of how many
people?
7
The Iowa Real Estate Commission mission is to protect who?
The public
How many of the The Iowa Real Estate Commission members must be licensed in
Iowa?
5
How many years does each of the five members must have as a minimum of real
estate experience and the last two of which must have been in iowa?
5
The other 2 members out of the total 7, must not be real estate licensees but still
must be Iowa what?
residents
How long is iowa commission members regular terms?
3
How many total years can each iowa real estate commission member serve?
9
How much is the Iowa real estate state exam fee for a salesperson license?
$125
How much is the Iowa real estate state exam fee for a broker's license?
$170
Iowa requirements for salesperson and broker applicants must be how old?
18
In iowa, do you have to be a US citizen or resident to get your license?
No
The applicant must be a person whose application has not been rejected for
licensure in Iowa OR any other state within 12 months prior to the date of
application AND whose real estate license has not been revoked in Iowa or any
other state within 2 years prior to date of application.
TRUE OR FALSE
TRUE
An applicant may be denied a license if he or she has: Been convicted of any
crime involving moral turpitude, in a court of competent jurisdiction.
TRUE OR FALSE
TRUE
An applicant may be denied a license if he or she has: Had his or her real estate
license revoked.
TRUE OR FALSE
TRUE
(Salesperson prelicense education requirements) Under Iowa law, a qualified
applicant must complete a 80-hour commission-approved course of study in real
estate principles and practices. This course can be taken via either classroom or
, computer-based training.
TRUE OR FALSE If false, how many hours?
60
(Salesperson prelicense education requirements)
In addition to the 60-hour course, applicants for a salesperson license must
complete five 12-hour courses on Buying Practices, Listing Practices, and
Professionalism and Ethical Practices.
TRUE OR FALSE? If false, how many hour of courses?
3
(Salesperson prelicense education requirements)
The 60 hour and 36 hour courses must be completed within how many months
prior to the date of application?
12
To become a broker you must be actively licensed as a salesperson for a
minimum of how many months?
24
a broker applicant must complete a Commission-approved course consisting of
at least 72 hours of instruction.
TRUE OR FALSE If false, how many?
TRUE
How many questions are on the iowa state exam?
120
What is the minimum percentage a salesperson must get to pass the exam?
70%
What is the minimum percentage a broker must get to pass the exam?
75%
How many types of licenses are available in iowa?
5
What are the five types of available licenses in iowa(which each are issued a
three year term and licenses expire on dec 31 of the third year of the license
term)?
branch office, trade name, firm, salesperson, broker
Firm and broker license fees both cost how much each?
170
Branch office and trade name license both cost how much each?
50
First time applicants are NOT allowed to file for an "inactive license."
TRUE OR FALSE
TRUE
LEARN:
What is a inactive license?
The Iowa Real Estate Commission is a regulatory body made up of how many
people?
7
The Iowa Real Estate Commission mission is to protect who?
The public
How many of the The Iowa Real Estate Commission members must be licensed in
Iowa?
5
How many years does each of the five members must have as a minimum of real
estate experience and the last two of which must have been in iowa?
5
The other 2 members out of the total 7, must not be real estate licensees but still
must be Iowa what?
residents
How long is iowa commission members regular terms?
3
How many total years can each iowa real estate commission member serve?
9
How much is the Iowa real estate state exam fee for a salesperson license?
$125
How much is the Iowa real estate state exam fee for a broker's license?
$170
Iowa requirements for salesperson and broker applicants must be how old?
18
In iowa, do you have to be a US citizen or resident to get your license?
No
The applicant must be a person whose application has not been rejected for
licensure in Iowa OR any other state within 12 months prior to the date of
application AND whose real estate license has not been revoked in Iowa or any
other state within 2 years prior to date of application.
TRUE OR FALSE
TRUE
An applicant may be denied a license if he or she has: Been convicted of any
crime involving moral turpitude, in a court of competent jurisdiction.
TRUE OR FALSE
TRUE
An applicant may be denied a license if he or she has: Had his or her real estate
license revoked.
TRUE OR FALSE
TRUE
(Salesperson prelicense education requirements) Under Iowa law, a qualified
applicant must complete a 80-hour commission-approved course of study in real
estate principles and practices. This course can be taken via either classroom or
, computer-based training.
TRUE OR FALSE If false, how many hours?
60
(Salesperson prelicense education requirements)
In addition to the 60-hour course, applicants for a salesperson license must
complete five 12-hour courses on Buying Practices, Listing Practices, and
Professionalism and Ethical Practices.
TRUE OR FALSE? If false, how many hour of courses?
3
(Salesperson prelicense education requirements)
The 60 hour and 36 hour courses must be completed within how many months
prior to the date of application?
12
To become a broker you must be actively licensed as a salesperson for a
minimum of how many months?
24
a broker applicant must complete a Commission-approved course consisting of
at least 72 hours of instruction.
TRUE OR FALSE If false, how many?
TRUE
How many questions are on the iowa state exam?
120
What is the minimum percentage a salesperson must get to pass the exam?
70%
What is the minimum percentage a broker must get to pass the exam?
75%
How many types of licenses are available in iowa?
5
What are the five types of available licenses in iowa(which each are issued a
three year term and licenses expire on dec 31 of the third year of the license
term)?
branch office, trade name, firm, salesperson, broker
Firm and broker license fees both cost how much each?
170
Branch office and trade name license both cost how much each?
50
First time applicants are NOT allowed to file for an "inactive license."
TRUE OR FALSE
TRUE
LEARN:
What is a inactive license?
