Iowa Real Estate Exam Prep actual update
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 th...
Iowa Real Estate Exam Prep actual update
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?
A licensee's employing broker is always invited
The notice of a commission hearing contains all of the following EXCEPT
authorized penalties that the commission may impose
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