Iowa Code
Chapter 543B - REAL ESTATE BROKERS AND SALESPERSONS
Section 543B.20 - Examination.

543B.20 Examination.
Examinations for a license shall be given as often as deemed necessary by the real estate commission, but no less than one time per year. Each applicant for a license must pass an examination authorized by the commission and administered by the commission or persons designated by the commission. The examination shall be of scope and wording sufficient in the judgment of the commission to establish the competency of the applicant to act as a real estate broker or salesperson in a manner to protect the interests of the public. An examination for a real estate broker shall be of a more exacting nature than that for a real estate salesperson and require higher standards of knowledge of real estate. The identity of the persons taking the examinations shall be concealed until after the examination has been graded. A person who fails to pass either examination once may immediately apply to take the next available examination. Thereafter, the applicant may take the examination at the discretion of the commission. An applicant who has failed either examination may request in writing information from the commission concerning the applicant’s examination grade and subject areas or questions which the applicant failed to answer correctly, except that if the commission administers a uniform, standardized examination, the commission is only required to provide the examination grade and other information concerning the applicant’s examination results which is available to the commission.
[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.20; 81 Acts, ch 54, §9]
C93, §543B.20
2013 Acts, ch 5, §23; 2014 Acts, ch 1092, §120
Referred to in §538A.2, 543B.15, 543B.43

Structure Iowa Code

Iowa Code

Title XIII - COMMERCE

Chapter 543B - REAL ESTATE BROKERS AND SALESPERSONS

Section 543B.1 - License mandatory.

Section 543B.2 - Individual licenses necessary.

Section 543B.3 - Broker — definition.

Section 543B.4 - Real estate — definition.

Section 543B.5 - Other definitions.

Section 543B.6 - Acts constituting dealing in real estate.

Section 543B.7 - Acts excluded from provisions — prohibited acts — penalties.

Section 543B.8 - Real estate commission created — staff.

Section 543B.9 - Rules.

Section 543B.12 - Expenses of members — compensation.

Section 543B.13 - Seal — records.

Section 543B.14 - Fees and expenses.

Section 543B.15 - Qualifications.

Section 543B.16 - Application forms.

Section 543B.18 - Enforcement of rules.

Section 543B.19 - License denied — hearing.

Section 543B.20 - Examination.

Section 543B.21 - Nonresident license.

Section 543B.22 - Nonresident’s place of business.

Section 543B.23 - Actions against nonresidents.

Section 543B.24 - Custody of salesperson’s license.

Section 543B.25 - Display of license.

Section 543B.27 - Fees.

Section 543B.28 - Expiration of license.

Section 543B.29 - Revocation or suspension.

Section 543B.30 - Actions — license as prerequisite.

Section 543B.31 - Place of business — branch license.

Section 543B.32 - Change of location.

Section 543B.33 - Salespersons — change of employment or association.

Section 543B.34 - Investigations by commission — licensing sanctions — civil penalty.

Section 543B.35 - Hearing on charges.

Section 543B.36 - Attendance of witnesses.

Section 543B.37 - Fees and mileage.

Section 543B.38 - Request for witnesses.

Section 543B.39 - Disobedience to subpoena.

Section 543B.40 - Depositions.

Section 543B.41 - Findings of fact.

Section 543B.42 - List of licensees.

Section 543B.43 - Penalties.

Section 543B.44 - Complaints referred to court.

Section 543B.45 - Dual contracts for sale of real property.

Section 543B.46 - Trust accounts.

Section 543B.47 - Insurance requirement.

Section 543B.48 - Civil penalty amount.

Section 543B.49 - Injunctive relief.

Section 543B.50 - Meetings.

Section 543B.51 - Public members.

Section 543B.52 - Disclosure of confidential information.

Section 543B.53 - Application of chapter.

Section 543B.54 - Real estate education fund.

Section 543B.55 - Disclosure of relationship.

Section 543B.56 - Duties of licensees.

Section 543B.56A - Brokerage agreements — purpose — contents.

Section 543B.57 - Confirmation and disclosure of relationship.

Section 543B.58 - Licensees representing more than one client in a transaction.

Section 543B.59 - Appointed agents within a firm.

Section 543B.60 - Licensees providing services in more than one transaction.

Section 543B.60A - Prohibited practices — business referral disclosures.

Section 543B.61 - Violations — real estate commission jurisdiction.

Section 543B.62 - Changes in common law duties and liabilities of licensees and parties.

Section 543B.63 - Licensee not considered subagent.

Section 543B.64 - Chapter is not limiting.