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IOWA REAL ESTATE EXAM PREP QUESTIONS WITH ANSWERS
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IOWA REAL ESTATE EXAM PREP QUESTIONS WITH ANSWERS
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IOWA REAL ESTATE EXAM PREPQUESTIONS WITH ANSWERS
InsIowa,swhosadministerssrealsestateslicenseslaw?s-sans✔✔IowasRealsEstatesCommission
ThesmemberssofsthesIowasRealsEstatesCommissionsaresappointedsbysthes-
sans✔✔Governor,ssubjectstossenatesapproval
Thesrealsestatescommissionshassthesauthoritystos-
sans✔✔Makesandsenforcesthesrulessbyswhich sallsrealsestateslicenseessmustsabide
ThesIowasRealsEstatesCommissionsmaysundertakesansinvestigationsofsaslicenseesbasedson
sallsofsthesfollowingsgroundssEXPECTs-sans✔✔Asphonescomplaintsfromsthespublic
WhichsstatementsaboutsthesIowasRealsEstatesCommissionsisstrue?s-
sans✔✔Ansindependentstestingscompanysadministerssthesexaminationsstakensforsrealsesta
teslicensing
Thescommissionshassthespowerstosrevokesassalesperson'sslicense,sifsthessalespersons-
sans✔✔depositssastenant'ssrentalschecksinshissorshersownsbanksaccountsandsthenswritessa sp
ersonalscheckstostheslandlord
AshousingsdiscriminationschargesbasedsonsasviolationsofsthesIowasCivilsRightssActsmustsbesf
iledswithsthesIowasCivilsRightssCommissionswithins-sans✔✔180sDays
Aslicenseeschangesshissorsherspersonalsresidence.sWhichsofsthesfollowingsisstrue?s-
sans✔✔Thescommissionsmustsbesnotifiedsinswritingsofsaschangesofsresidencesorsmailingsad
dress
WhensthesrealsestatescommissionssendssasNoticesofsHearingstosaslicensee,sthesnoticesinclu
dessallsthesfollowingsEXCEPTsas-sans✔✔statementsofsthespossiblespunishments
Ifsaspersonscannotsfindsemploymentsassassalespersonsinsascommunity,sthescommissionshas
sthesauthoritystoswaive sthesexperiencesrequirementsandsallowsthespersonstostakesthesbroker'
ssexamsaftersthescandidates-sans✔✔completessasrequiredsbrokerspre-licensingseducation
ThesIowasRealsEstatesCommissionscansinvestigatesaslicenseesforsallsofsthesfollowingsEXCE
PTs-sans✔✔ProfessionsCompetency
Regardingserrorssandsomissionssinsurance,swhichsofsthesfollowingsstatementssissTRUE?s-
sans✔✔Thesrealsestatescommissionsdeterminessthesminimumslimitedsofscoverage,sdeducti
bles,sandspermissiblesexceptions
,Thesrealsestatescommissionsoccasionallysreceivesswrittenscomplaintssthatslacksclaritysand,s
therefore,smaysbesrefusedsashearing.sWhichsofsthesfollowingsissgroundssforsashearing?s-
sans✔✔Revocationsofsanysprofessionalslicense
Thesmixsofslicensedsandsunlicensedsmemberssofsthesrealsestatescommissionsiss-
sans✔✔fiveslicensedsandstwo sunlicensed
Asrealsestatescommissionerswillsserversforsastermsofs-sans✔✔threesyears
IfsassalespersonsmembersofsthesIowasRealsEstatesCommissionselectsstosbecomesasbroker-
associatesduringshersappointmentstosthescommissionsshes-
sans✔✔mayscompletesherstermsassassalesperson,sbutsloseseligibilitysforsreappointmentsassa
ssalespersonsifsshesissthesonlyssalespersonsmember
ThesIowasRealsEstatesCommissions-
sans✔✔membersissnotsallowedstosholdsanysotherselective sorsappointedsstatesorsfederalsoffic
essimultaneously
Bysstateslaw,sthesIowasRealsEstatesCommissionsmaysNOTs-
sans✔✔adoptsrulesstosestablishstitlesinsurancesinsIowa
Memberssofsthescommissionsaresentitledstos-
sans✔✔Actualsexpensessplussa sstipendsforseachsdaysofsservice
Thescommissionssealsissusedstosauthenticates-
sans✔✔thesrealsestatescommission'ssproceedingssandscopiessofspapersusedsin scourt
Insthespreparationsofsasrealsestateshearing,sthespowerstosexecutesandssignssubpoenassthatsr
equiresthesattendancesandstestimonysofsanyswitnesssandstheshandoversofsanyspapersorsboo
kssissgivenstosthes-sans✔✔ThesRealsEstatesCommission
Disobediencestosasrealsestatescommissionssubpoenasissconsidereds-
sans✔✔Contemptsofscourt
WitnessesssubpoenaedsbysthesIowasRealsEstatesCommissionsaresentitledstos-
sans✔✔Thessamesfeessandsmileagesassinsjudicialsproceedingssforscivilscases
Atsleastsannually,sthesIowasRealsEstatesCommissionspublishes,sandsmailssuponsrequest,sth
esnamessofsallslicenseesslicensedsinsIowasandsthesnamess-
sans✔✔ofsthoseswhoseslicensesshavesbeenssuspendedsorsrevokedswithinstheslastsyear
, ThesIowasRealsEstatesEducationsFundsisscreatedsassasfinancialsassurancesmechanismstosa
ssistsinsprovidingsanseducationsdirectorsandsestablishingsandsmaintainingsasrealsestatesedu
cationsprogramsats-sans✔✔ThesUniversitysofsNorthernsIowa
ThesIowasRealsEstatesCommissionsspecificallyswillsNOTsgetsinvolvedswithsasdisputesovers-
sans✔✔Commissionssbetweenscooperatingsrealsestatesfirms
Ascomplaintshassbeensfiledsagainstsaslicensee.sThescommissionshassdeterminedsthatsascont
estedscaseshearingsmustsbesheld.sThescommissionsmustssendsasnoticesofstheshearingsalon
gswithsasstatementsofstheschargessatsLEASTs-sans✔✔20sdayssbeforestheshearing
Aslicenseeshassreceivedsasnoticesofsashearing.sTheslicenseesmustsacknowledgesreceiptsofst
hesnoticeswithins-sans✔✔10sdays
Ascomplaintsfiledswithsthesrealsestatescommissions-
sans✔✔mustscontainsasconcisesstatementsofsthesfacts
WhichsofsthesfollowingsissTRUEsregardingsinformalsdiscussionssconductedsbysthescommiss
ion?s-sans✔✔Aslicensee'ssemployingsbrokersissalwayssinvited
ThesnoticesofsascommissionshearingscontainssallsofsthesfollowingsEXCEPTs-
sans✔✔authorizedspenaltiessthatsthescommissionsmaysimpose
Allsofsthesfollowingsfactorssaresamongsthoseswhichsthescommissionsmaysconsidersinsdeterm
iningsthesnaturesandsseveritysofsdisciplinaryssanctionssimposedsagainstsaslicenseesEXCEP
Tsthes-sans✔✔relativesseriousnesssofsthesviolationsassitsrelatesstosothersrealsestatesagents
Engagingsinsactivitiessrequiringsaslicenseswhilesaslicensesissinactivesissasviolationsforswhichs
ascivilspenaltysmaysbesimposedsinsthesamountsofs-sans✔✔$2,500
WhichsofsthesfollowingsissNOTsaspenaltysavailablestosthescommissions-
sans✔✔30sdayssinsjail
Ansactivessalesperson'sslicensesmustsbeskeptsinsthescustodysofsthes-sans✔✔broker
Assalespersonssoldsaspropertyswhenssheswassactivelysworkingsforsasbroker.sWhensshesleftst
hescompany,sthesbrokersrefusedstospaysherswhensthestransactionsclosed.sInsthisscase,sthesc
ommissionswills-sans✔✔dosnothing
ThesIowasFairsHousingsActswouldsprohibitsdiscriminationsinsthessalesofsallsthesfollowingsEXC
EPTs-sans✔✔Aspontoonsboat
InsIowa,swhosofsthesfollowingswouldsneedstosbesaslicensedsrealsestatesbrokersorssalesperso
n?s-sans✔✔Aspersonsacceptingsasreferralsfeesfromsaslicensedsrealsestatesagent
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