Iowa Real Estate Practice Exam 2026 – Full Prep Resource

The primary duty of a licensee in a real estate transaction is to provide brokerage services honestly and in good faith. This duty encompasses a commitment to integrity, transparency, and ethical conduct in all dealings. Agents are expected to act in the best interests of their clients while maintaining fairness to all parties involved. This principle is fundamental as it builds trust, ensures compliance with legal obligations, and upholds the reputation of the real estate profession.

While providing services in a timely manner, maximizing sale prices, and advising on negotiations are important aspects of a licensee’s role, they fall under the broader duty of acting honestly and in good faith. These specific actions may enhance the transaction's success, but they do not supersede the essential ethical obligation to treat all parties with respect and honesty throughout the process. Thus, the duty to operate with integrity is paramount, making it the correct answer in this context.