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Real Estate Salesperson Exam — National Portion

Agency (IA): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Iowa

When must an Iowa buyer's licensee tell the listing licensee about the agency relationship?

  1. At the closing table
  2. Before any negotiations begin
  3. After the inspection is done
  4. Never; it is implied
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B. Before any negotiations begin — Iowa Code 543B.57(5).

Question 2 · Iowa

What does Iowa require before a licensee represents both buyer and seller?

  1. Nothing beyond verbal notice
  2. Both parties' written consent
  3. The designated broker's approval
  4. A court order approving it
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B. Both parties' written consent — Iowa Code 543B.58(1).

Question 3 · Iowa

By when must the Iowa written agency disclosure be signed?

  1. At the closing table
  2. Before any offer is made or accepted
  3. Within 30 days of signing
  4. After the home inspection
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B. Before any offer is made or accepted — Iowa Code 543B.57(2)(b).

Question 4 · Iowa

When must an Iowa licensee make the agency disclosure?

  1. At the closing table
  2. On giving specific assistance
  3. At the first open house visit
  4. Only if the client asks for it
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B. On giving specific assistance — Iowa Code 543B.57(2)(a).

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