Iowa License Law
In Iowa, which of the following persons is EXEMPT from requiring a real estate license to sell real property?
AA licensed auctioneer selling real property for another person for compensation
BAn attorney who receives compensation specifically for performing real estate brokerage services
CA trustee selling trust property pursuant to the terms of a trust✓ Correct
DAn investor who purchases and sells 10 properties per year for profit
Explanation
Certain categories of persons are exempt from Iowa's real estate licensing requirements, including trustees selling trust property under a trust agreement, attorneys in the performance of their legal duties (not acting as brokers), and others specified in Iowa Code. An investor repeatedly buying and selling for profit may require a license.
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