Iowa Real Estate Practice Exam

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Study for the Iowa Real Estate Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How many licensed and unlicensed members comprise the real estate commission in Iowa?

Five licensed and two unlicensed
Four licensed and three unlicensed
Six licensed and one unlicensed
Three licensed and four unlicensed

The correct answer is: Five licensed and two unlicensed

The correct answer reflects the composition of the Iowa Real Estate Commission, which consists of five licensed members and two unlicensed members. This structure ensures that the commission has a balance of expertise and diverse perspectives. The licensed members typically bring extensive experience and knowledge in real estate practices, while the unlicensed members can represent the public interest without the influence of professional bias. This balance is crucial for maintaining fair regulation and oversight of real estate practices within the state. Understanding the roles of both licensed and unlicensed members can help recognize the commission's commitment to upholding ethical standards and protecting consumer interests in real estate transactions.