Licensure Requirements for a Salesperson
- Minimum age of 18
- Must not have had a license rejected in any state in the previous 12 months
- Must not have had a license revoked in any state in the previous 24 months
- No criminal convictions involving “moral turpitude” as outlined on pages 7-8 of the Real Estate Brokers and Salespersons section of the Iowa Code
- Criminal Background Check
- Must carry Errors and Omissions Insurance
- Complete 60 hours of pre-license education from an Approved School
- Pass the salesperson exam within 12 months of completing education
- Submit Online License Application
Licensure Requirements for a Broker
- Minimum age of 18
- Must not have had a license rejected in any state in the previous 12 months
- Must not have had a license revoked in any state in the previous 24 months
- No criminal convictions involving “moral turpitude” as outlined on pages 7-8 of the Real Estate Brokers and Salespersons section of the Iowa Code
- Criminal Background Check
- Must carry Errors and Omissions Insurance
- Must have been an active licensed salesperson for at least 2 years prior to application
- Complete 72 hours of broker pre-license education through an Approved School (Specific courses and hours are listed in the “broker by exam” section of the Conversion Sales to Broker Form)
- Pass the broker exam within 2 years of completing education
- For more information on how you can qualify to become a broker, refer to the Conversion Sales to Broker Form
Step by Step Guide (Salesperson)
- Complete 60 hours of pre-license education from an Approved School
- Complete Criminal Background Check
- Obtain Errors and Omissions Insurance
- Pass the salesperson exam (See below for more information)
- Submit Online License Application
Step by Step Guide (Broker)
- Complete 72 hours of broker pre-license education through an Approved School (Specific courses and hours are listed in the “broker by exam” section of the Conversion Sales to Broker Form)
- Pass the broker exam (See below for more information)
- Submit Online License Application
Obtaining a Reciprocal License if you are already licensed in another state (Salesperson or Broker):
Refer to either the “Salesperson by Reciprocity” section or the “Broker by Reciprocity” section of the Iowa Salesperson/Broker Information Sheet
Exam Info
Salesperson: The exam costs $95 and is administered on a computer in multiple choice format. There are 120 scored questions (80 national and 40 state law), and 5-10 pre-test questions that do not affect your score.
There is no distinction made between scored questions and pre-test questions on the exam. They are all mixed in together, so it is important that you answer each question carefully. You must achieve a score of at least 84 to pass. You will have 3 hours to complete the exam.
Broker: The exam costs $95 and is administered on a computer in multiple choice format. Some of the questions on the national portion are scenario-based questions with more than 4 choices. For more information, refer to pages 3 and 7 of the Iowa Candidate Handbook. There are 115 scored questions (75 national and 40 state law), and 5-10 pre-test questions that do not affect your score.
There is no distinction made between scored questions and pre-test questions on the exam. They are all mixed in together, so it is important that you answer each question carefully. You must achieve a score of at least 90 to pass. You will have 3 hours to complete the exam.
- Schedule online at http://www.psiexams.com/ or by calling (855) 898-0712. You can also mail or fax the exam registration form found on PDF page 15 of the Iowa Candidate Handbook
- For exam locations, refer to page 9 of the Iowa Candidate Handbook
Fees:
Exam Fee- $95
License Fee (Salesperson)- $125
License Fee (Broker)- $170
Fingerprint Card and Waiver Form Fee- $51