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Iowa Real Estate Exam Prep Questions with complete solution 2024

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Iowa Real Estate Exam Prep Questions with complete solution 2024 Iowa Real Estate Exam Prep 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, subjec...

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  • August 30, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • iowa real estate exam prep
  • iowa real estate exam prep questions with complete

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Iowa Real Estate Exam Prep
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 -

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