Iowa License Law
Iowa's definition of 'real estate brokerage' under Iowa Code Chapter 543B includes:
AOnly buying and selling residential property
BActing as an agent for others for compensation in buying, selling, leasing, exchanging, or managing real property✓ Correct
COnly managing commercial investment properties
DProviding appraisals for mortgage purposes
Explanation
Iowa Code Chapter 543B broadly defines real estate brokerage to include acting for compensation on behalf of others in transactions involving the sale, purchase, lease, exchange, or management of real property. Most of these activities require an Iowa real estate license.
Related Iowa Iowa License Law Questions
- Iowa law requires a real estate broker to maintain an escrow (trust) account that is:
- How many continuing education hours must an Iowa salesperson complete during each 2-year renewal period?
- Under Iowa law, when a broker closes their brokerage, what must happen to current listings?
- The Iowa Real Estate Commission administers the licensing process for which of the following?
- The Iowa Real Estate Commission is authorized to take disciplinary action against a licensee for which of the following?
- Under Iowa law, which of the following is a ground for license revocation or suspension?
- If a licensed salesperson's sponsoring broker dies, the salesperson:
- Under Iowa Code Chapter 543B, which of the following would be grounds for denial of a real estate license?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →