Iowa Real Estate Exam Info

Obtaining a real estate license in Iowa, or other states in which you may have interest in doing business is not difficult, if you know what to expect. The process is slightly different from state to state. Each state has adopted and enforces its own laws and regulations regarding the practice of real estate. So you must study for the Iowa real estate exam specifically. For this reason, RealEstateStudyAid.com focuses on Iowa information to help you prepare for the State portion of the Brokers or Salesperson exam.

Salespersons

  • Must be 18 years of age - no residency or citizenship requirement
  • Must be sponsored by broker after they pass the exam; cannot apply for an inactive license
  • Complete the 60-hour pre-license course from an approved provider
  • Successfully pass the state and national portions of the examination
  • Undergo a criminal history and background investigation
  • Obtain errors and omissions insurance

Brokers

  • A broker applicant must have 24 months of active salesperson
    experience and complete 72 hours of broker pre-license education within the preceding 24 months
  • Successfully pass the state and national portions of the examination
  • Undergo a criminal history and background investigation
  • Provide verification of current errors and omissions insurance
  • Include current wall certificate with the application
  • Brokers who have never renewed as a salesperson must provide documentation of attendance of the following three courses: 12 hours buying practices, 12 hours listing practices and 12 hours developing professionalism and ethical practices.

Persons with an active license in another state may apply by reciprocity for both licenses applicable.

The exams are given by appointment only. To schedule, contact Psychological Services, Inc. (PSI) by calling 1-800-733-9267. Exam fees for all exams are $90.00.

For more detailed information go to: http://www.state.ia.us/government/com/prof/sales/home.html