Iowa License Law
A person who acts as a real estate salesperson in Iowa without a license is subject to:
AA written warning from the Iowa Real Estate Commission only
BCriminal penalties and may be unable to collect any compensation earned✓ Correct
CA civil fine of $100 per transaction
DA mandatory 30-day suspension before receiving a license
Explanation
Practicing real estate without a license in Iowa is a serious violation. The unlicensed person may face criminal charges, and courts generally will not enforce compensation agreements made by unlicensed individuals performing activities that require a license.
Related Iowa Iowa License Law Questions
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- An Iowa real estate salesperson who moves to a new brokerage must:
- In Iowa, which of the following persons is EXEMPT from requiring a real estate license to sell real property?
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- Which of the following is a requirement for an Iowa real estate broker license?
- Under Iowa law, which of the following acts does NOT require a real estate license?
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