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!

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What is necessary for a broker to supervise a salesperson in Iowa?

Having a physical office in Iowa
Maintaining a current real estate license
Having at least 3 years of experience
Full-time employment of at least 40 hours a week

The correct answer is: Maintaining a current real estate license

In Iowa, it is essential for a broker to maintain a current real estate license to effectively supervise a salesperson. This requirement ensures that the broker is up-to-date with the latest laws, regulations, and practices within the real estate industry. A current license signifies that the broker has completed any required continuing education and is knowledgeable about the state’s real estate practices, which is crucial in providing proper oversight and guidance to salespersons. Additionally, holding an active license allows the broker to uphold their fiduciary duties and responsibilities toward clients and coworkers, ensuring that the brokerage operates in compliance with state laws. This active status supports the broker's credibility and authority in the supervisory role, which is pivotal for maintaining standards and ethics in real estate transactions. While other factors like physical office presence or years of experience may play a role in the overall operation of the brokerage, having a valid and current license is critical for lawful supervision.