After the qualifying broker examination, by when must the completed application, license fee, proof of education and score reports reach the commission?481 IAC 2003.3
For how long must a broker applicant have been a licensed salesperson actively engaged in real estate before the date of application, unless substantially equal experience is shown?Iowa Code 543B.15(7)
How much commission approved real estate education must a broker applicant complete, and within what time before the broker examination?Iowa Code 543B.15(7)
License maintenance 5
A broker does not reinstate an expired license by December 31 of the third year following expiration. What then?481 IAC 2003.6(2)
A broker's complete renewal application reaches the commission on January 20, after the December 31 expiration. What applies?481 IAC 2003.5(2)
Of the 36 hours of continuing education a broker needs to renew in active status, how many must be the law update course?481 IAC 2003.4
When does an Iowa broker license expire?481 IAC 2003.3(2)
Within how many working days must a broker inform the commission of a change of the firm's address?481 IAC 2007.2(3)
Show all 51 questions (43 more)
Disciplinary actions 5
A broker commits three violations of section 543B.29 or 543B.34 within a three-year period. What does the statute require?Iowa Code 543B.29(4)
A licensee offers to give up the license to resolve a pending disciplinary investigation. How does the rule treat an accepted voluntary surrender?481 IAC 2018.14(3)
Before a hearing on revoking a license, how far ahead must the commission send the licensee written notice of the exact charges and the date and place of the hearing?Iowa Code 543B.35
What is the largest civil penalty the commission may impose on a licensee for one violation?Iowa Code 543B.48
Within how many days must a licensee notify the commission of a conviction for an offense listed in section 543B.15(3)(a)?Iowa Code 543B.29(1)(f)
Real estate education 2
A broker finishes more continuing education than the renewal requires. How many of the extra hours may count toward the following renewal period?481 IAC 2003.4(1)
What is the most continuing education a licensee may take by distance or online learning in each three-year renewal period?481 IAC 2016.4(4)
Trust accounts 5
A sale fails to close and the listing broker believes a commission was earned. May the broker keep part of the earnest money for it?481 IAC 2013.1(9)
Unless the contract says otherwise, how soon must trust funds be deposited in the trust account after the date of the last signature of acceptance of the offer?481 IAC 2013.1(1)
What is the most a broker may keep in the trust account from the broker's own funds to cover bank service charges?Iowa Code 543B.46(4)
Where does the interest on a broker's common trust account go when the buyer and seller have no written agreement to the contrary?Iowa Code 543B.46(1)
With no court action or written agreement, how long after the date of the dispute may a broker in good faith pay disputed earnest money to the seller because the buyer failed to perform, after 30 days' written notice by certified mail?481 IAC 2013.1(8)
Contracts 6
A broker sells the brokerage business. What is needed to transfer its brokerage agreements to the buying broker, when the agreements themselves say nothing about it?481 IAC 2011.1(4)
An owner wants $200,000 from a sale and offers the broker whatever the buyer pays above that as compensation. What is this, and may an Iowa licensee take it?481 IAC 2011.1(5)
For residential property, a brokerage agreement must carry a definite expiration date no more than how long after its effective date?481 IAC 2011.1
For which buyer does section 543B.56A not require a signed brokerage agreement before a property is shown?Iowa Code 543B.56A(3)
To enforce a protective clause after an exclusive brokerage agreement expires, when must the broker give the client the names of the persons for whom protection is sought?481 IAC 2011.5
What statement about compensation must a brokerage agreement conspicuously display?Iowa Code 543B.56A(2)
Agency 5
A designated broker appoints one affiliated licensee as agent of the seller and another as agent of the buyer of the same house. Who is a dual agent?Iowa Code 543B.59(2)
By when must the written agency disclosure be made to the client and acknowledged by separate signatures?Iowa Code 543B.57(2)
May an offer of subagency be made through a multiple listing service in Iowa?Iowa Code 543B.63
When must a licensee who represents a buyer tell the listing licensee of that agency relationship?Iowa Code 543B.57(5)
Which of these is "specific assistance", the point at which a licensee must make the agency disclosure?Iowa Code 543B.57(2)(c)
Property disclosure requirements 4
A disclosure statement is delivered late, by mail. Within how many days after delivery may the buyer withdraw the offer without liability?Iowa Code 558A.2(2)
A disclosure statement is sent to the buyer by email. Which of these completes its delivery?481 IAC 2014.1(6)
By when must the seller's disclosure statement be delivered to a prospective buyer of a one-to-four unit dwelling?Iowa Code 558A.2(1)
Which transfer of a house needs no disclosure statement under chapter 558A?Iowa Code 558A.1(7)
Iowa Civil Rights Act of 1965 2
An owner lives in one unit of a two-family house and rents out the other. What does section 216.12 say about the Iowa Civil Rights Act's housing provisions?Iowa Code 216.12
Which act is an unfair or discriminatory housing practice under section 216.8A?Iowa Code 216.8A(2)
Unlicensed assistants 3
A salesperson hires a personal assistant. Who has the primary responsibility for supervising the assistant?481 IAC 2007.13(3)
May a person whose real estate license is on inactive status work as support personnel for a licensee?481 IAC 2007.13(1)
Which of these may an unlicensed personal assistant do without a licensee present?481 IAC 2007.13(4)
Broker responsibilities 8
A broker voluntarily closes the firm while sales are pending. Who is to close the pending contracts?481 IAC 2008.1(6)
A broker's license is revoked. What happens to the licenses of the salespersons employed by that broker?Iowa Code 543B.29(2)
A salesperson is discharged. Within what time should the commission receive the electronic application returning the license?481 IAC 2006.1(1)
A salesperson violates chapter 543B. When is that cause for revoking the license of the salesperson's broker?Iowa Code 543B.34(2)
A salesperson works for a broker as an independent contractor. What does that do to the broker's duty to supervise?Iowa Code 543B.62(3)
For how long must a broker keep true copies of the records of each transaction handled and each property managed?481 IAC 2013.5
Which brokerages must have a written company policy describing the brokerage relationships they engage in?481 IAC 2012.1
Within how many calendar days of the commission's request must a licensee submit evidence of errors and omissions insurance?Iowa Code 543B.47(1)
Property management 3
A property management agreement ends. By when must the property manager give the owner the unobligated funds due under it?481 IAC 2015.1(5)
How often, at the least, must a property management agreement provide for written statements of property income and expenses to the owner?481 IAC 2015.1(1)
What is the most a landlord may demand as a security deposit under Iowa's residential landlord and tenant law?Iowa Code 562A.12(1)
How this list was compiled: Written from Iowa Code chapters 543B (real estate brokers and salespersons) and 558A (real estate disclosures) and sections 216.8, 216.8A, 216.12 and 562A.12, as published by the Iowa Legislature at https://www.legis.iowa.gov/docs/code/543B.pdf, and from the Real Estate Commission's rules in the Iowa Administrative Code, 481 Chapters 2003, 2006, 2007, 2008, 2011, 2012, 2013, 2014, 2015, 2016 and 2018 (formerly 193E Chapters 3 to 18, transferred on June 10, 2026), at https://www.legis.iowa.gov/law/administrativeRules/chapters?agency=481, all read 2026-10-13. The spread of topics follows the broker column of the State Portion outline in the Licensing Information Bulletin of the Iowa Real Estate Commission, effective 12/8/2025 (https://test-takers.psiexams.com/api/content/bulletin/607), whose page is https://dial.iowa.gov/licenses/other-professional-licensure/real-estate-licensees. Licence: Own work. Questions, answer choices and explanations were written for this site from the statute and rule text; nothing is copied from another practice test, a prep book or the state exam. Short quotations from the statutes and rules are marked.
How it works
This unofficial Iowa real estate brokers license practice test has 51 of our own questions on the exam's Iowa portion, most from Iowa Code chapter 543B and the commission's rules. It is not affiliated with the Iowa Real Estate Commission.
Read the full guide
Free study guide for the Iowa portion only of the real estate broker's exam
The state outline in the Licensing Information Bulletin gives brokers 40 questions: broker responsibilities 6, contracts 5, license maintenance, disciplinary actions, trust accounts and agency 4 each, property disclosure and property management 3 each, then licensing, education, unlicensed assistants and the Iowa Civil Rights Act. Every explanation here names its section.
What the broker column adds
Against the salesperson column, broker responsibilities rise from 2 questions to 6 and contracts fall from 7 to 5. Expect supervision of salespersons and their assistants, the trust account, record keeping and closing a firm.
Rules under new numbers
On June 10, 2026 the commission's rules moved from 193E to 481, Chapters 2001 to 2022, of the Iowa Administrative Code. A course book that cites 193E-13.1 means today's 481-2013.1.
Trust funds go into the trust account within five banking days of the last signature of acceptance (rule 481-2013.1).
A broker may keep up to $1,000 of personal funds in the trust account for bank charges (Iowa Code 543B.46).
A residential brokerage agreement ends on a definite date no more than one calendar year out (rule 481-2011.1).
Questions and answers
How many questions are on the Iowa real estate broker exam?
The Licensing Information Bulletin lists 75 national questions worth 80 points in 120 minutes and 40 Iowa questions in 60 minutes. Five to ten unscored experimental questions may be added.
What is a passing score on the Iowa broker exam?
The bulletin gives broker candidates 30 of 40 on the state portion and 90 of 120 points on both portions together. The timed test on this page asks 40 questions in 60 minutes and passes at 30.
Does this Iowa brokers license practice test cover the national portion?
No. The bulletin's national broker questions include scenarios with up to eight options, some scored up to two points, which a one-answer quiz cannot copy. This page holds Iowa law only, and real estate math has its own page.
Are these the real Iowa broker exam questions?
No. Each was written for this page from the Iowa Code and the commission's rules, and the real exam is closed. No Iowa broker or attorney has reviewed the bank, so open the cited section when an answer surprises you.