Iowa Real Estate Exam Prep

IA Salesperson Practice Exam

Our Iowa Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Iowa’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

How to Get a Real Estate License in Iowa

If you want to become a licensed real estate salesperson or real estate broker in Iowa, you must register for and complete at least 72 hours of approved classes. Then you will be eligible to take the state’s real estate exam. With our real estate study guides, you will pass the Iowa real estate exam on your first try — we guarantee it.

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Iowa Sample Practice Real Estate Exam Questions and Answers

Iowa State Section

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Question 1

How many hours are required?

A	60
B	40
C	12
D	24

Question 2

Whom is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 3

Which of the following would not put a sales person in jeopardy of losing their license in Iowa?

A	Depositing their clients' escrow money into a personal account
B	Convicted of a felony.
C	Being authorized to accept and excessive commission.
D	Placing an ad claiming to be a broker when they are not one.

Question 4

How often is Continuing Education due?

A	Every 2 years
B	Every 4 years
C	Every year
D	Every 3 years

Question 5

In what circumstances, if any, can a broker in Iowa who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	None; the broker may only collect compensation from one party to a transaction
C	Only when both buyer and seller have legal representation
D	Only when both buyer and seller give informed consent to this arrangement

Question 6

What is a holographic will?

A	a will that has been approved by each family member.
B	a will and testament that has been entirely handwritten and signed by the testator.
C	a standard boiler plate will.
D	a will that displays in 3D

Question 7

Does Iowa allow reciprocity with other states?

A	Yes
B	No

Question 8

The license law is administered by

A	Iowa Real Estate Commission
B	Commission of Real Estate in Iowa
C	Iowa Department of Real Estate
D	Department of Iowa Real Estate

Question 9

Which of the following isn't part of a deed?

A	Habendum
B	Premises
C	acknowledgement
D	novation

Question 10

How soon can a broker receive a commission check after a closing in Iowa?

A	Once the seller agrees to the price.
B	Once the offer sheet is signed.
C	After the transaction is completed and funded.
D	When the Buyer moves in.

Question 11

Does Iowa have dower laws?

A	Yes
B	No

Question 12

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	Net cash remaining to investor after sale of investment property
C	The estimated value that an asset will have at then end of it's useful life
D	Gradual subsidence of waters, leaving dry land

Question 13

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	police power
D	Taxation

Question 13 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 14

Which tenancies does Iowa allow?

A	Joint Tenancy
B	Tenancy by the Entirety
C	Neither
D	Both

Question 15

Does Iowa allow holographic wills?

A	No
B	Yes

Question 16

A Salesperson license fee is

A	$175
B	$150
C	$100
D	$125

Question 17

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	legal object
D	offer

Question 18

Which of the following is a landlord's option for a tenant not paying rent?

A	lock the tenant out of the apartment
B	shut off the power
C	unlawful detainer action in court
D	shutoff the gas

Question 19

Which of the following is not a state that participates in reciprocity with Iowa?

A	Massachusetts
B	New York
C	Georgia
D	Louisiana

Question 20

Which of the following is required for an applicant to receive a Real Estate License?

A	Must be 25 or older
B	Must have a Bachelors degree
C	Must sit and pass the required exam
D	Must have lived in the state for more than a year

Question 21

Does Iowa have homestead laws?

A	Yes
B	No

Question 22

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The seller has agreed to pay 1% of the closing costs
C	The loan does not close and the buyer owes the lender for services rendered
D	The interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 23

Standing trees would be considered

A	Real property
B	Personal Property
C	Emblements
D	Chattels

Question 24

You must be at least ___ years old to obtain a salesperson license.

A	18
B	19
C	21
D	20

Question 25

Is Iowa a community property state?

A	No
B	Yes

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Iowa Real Estate Exam Prep

IA Salesperson Practice Exam

How to Get a Real Estate License in Iowa

What Do I Get with the Iowa Real Estate Exam Prep?

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Iowa License Requirements

Iowa Reciprocal Agreements

Iowa Sample Practice Real Estate Exam Questions and Answers

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