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Real Estate Salesperson Exam — National Portion

Discipline (IA): practice questions

Our Real Estate (National) bank has 5 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

What is the most Iowa may assess as a civil penalty per violation?

  1. $1,000
  2. $2,500
  3. $5,000
  4. $10,000
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B. $2,500 — Iowa Code 543B.48.

Question 2 · Iowa

What happens to an Iowa license when the licensee reports a felony conviction?

  1. Nothing until the next renewal
  2. Immediate suspension pending a hearing
  3. Automatic permanent revocation
  4. A private warning letter only
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B. Immediate suspension pending a hearing — Iowa Code 543B.29(1)(f)(1).

Question 3 · Iowa

Within how many days must an Iowa licensee report a felony or fraud conviction?

  1. 5 days
  2. 10 days
  3. 30 days
  4. 60 days
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B. 10 days — Iowa Code 543B.29(1)(f)(1).

Question 4 · Iowa

Using a second, hidden sales contract to get a bigger loan is what in Iowa?

  1. Allowed if disclosed later
  2. A fraudulent practice
  3. A minor infraction
  4. A civil matter only
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B. A fraudulent practice — Iowa Code 543B.45.

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