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Iowa Real Estate Exam Prep
Terms in this set (199)
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
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
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
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