Iowa Real Estate Practice Exam

Which activity requires a real estate license in Iowa?

1. Negotiating lease agreements

2. Providing maintenance services

3. Procuring tenants for landlords for a fee

4. Marketing property for sale

The correct answer is: Procuring tenants for landlords for a fee

The activity that requires a real estate license in Iowa is procuring tenants for landlords for a fee. This is because this task falls under the category of real estate brokerage activities, which are regulated by the state. When a person or entity acts as an intermediary to facilitate the rental of property and receives payment for this service, they are engaging in work that requires the expertise and ethics defined by the licensing requirements. In Iowa, activities that involve negotiating or facilitating leases, dealing with tenants, or providing any service related to managing or leasing properties generally fall under the jurisdiction of licensed real estate professionals. This ensures that individuals involved have the necessary knowledge of real estate laws, fair housing regulations, and local market conditions, ultimately protecting both the landlords and tenants. Other activities mentioned, like providing maintenance services, do not require a real estate license because they are considered service provisions rather than brokerage activities. Similarly, negotiating lease agreements typically falls under the responsibilities of those who have already acquired a tenant or are working directly on a property without earning a fee specifically for that negotiation. Marketing property for sale, while related to real estate, would also require a license if it involves representing the seller or helping in the sale process, but that is not directly the same as procuring tenants for