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301+ Free IA Real Estate Practice Questions

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Key Facts: IA Real Estate Exam

120 Q

Exam Length

PSI IA salesperson candidate bulletin

80 + 40

National + State Split

PSI IA salesperson candidate bulletin

70%

Passing Score (Both Portions)

Iowa Real Estate Commission (IREC)

96 hrs

Pre-License Education

IREC licensing requirements

$95

PSI Exam Fee

PSI IA fee schedule

36 hrs/3yr

CE Renewal Requirement

Iowa Real Estate Commission (IREC)

Iowa requires 96 hours of pre-license education before taking the salesperson exam. The PSI exam has 120 scored questions (80 national + 40 state) with 70% required on both portions (56/80 national and 28/40 state). The Iowa Real Estate Commission (IREC), which operates inside the Professional Licensing Bureau of the Department of Inspections, Appeals, and Licensing (DIAL), licenses and disciplines real estate professionals under Iowa Code Chapter 543B. Iowa mandates written agency disclosure at the first substantive contact, requires trust account deposits within 5 banking days, and has specific rules for agricultural land transactions and drainage districts.

Sample IA Real Estate Practice Questions

Try these sample questions to test your IA Real Estate exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 301+ question experience with AI tutoring.

1What is the minimum age requirement to obtain an Iowa real estate salesperson license?
A.18 years old
B.21 years old
C.19 years old
D.20 years old
Explanation: Iowa requires real estate salesperson applicants to be at least 18 years of age. This is a standard requirement across most states and ensures applicants are legal adults able to enter into contracts.
2Which Iowa state agency regulates real estate licensees?
A.Iowa Professional Licensing Bureau
B.Iowa Real Estate Commission
C.Iowa Department of Commerce
D.Iowa Secretary of State
Explanation: The Iowa Professional Licensing Bureau, part of the Iowa Division of Banking, is the regulatory agency responsible for licensing and overseeing real estate professionals in Iowa.
3How many hours of pre-license education are required for an Iowa real estate salesperson license?
A.60 hours
B.90 hours
C.120 hours
D.45 hours
Explanation: Iowa requires 60 hours of pre-license education covering Principles and Practices of Real Estate. This foundational coursework must be completed before taking the licensing exam.
4What is the passing score required on the Iowa real estate salesperson examination?
A.70% on both national and state portions
B.75% on both portions
C.60% on both portions
D.80% on both portions
Explanation: Iowa requires a minimum passing score of 70% on both the national portion and the state-specific portion of the salesperson exam. You must pass each section separately.
5How many questions are on the Iowa real estate salesperson exam?
A.120 questions (80 national + 40 state)
B.150 questions (100 national + 50 state)
C.100 questions (60 national + 40 state)
D.180 questions (120 national + 60 state)
Explanation: The Iowa real estate salesperson exam consists of 120 total questions: 80 questions covering national real estate content and 40 questions covering Iowa-specific content.
6What is the time limit for the Iowa real estate salesperson exam?
A.2 hours for national + 1 hour for state
B.3 hours total combined
C.2.5 hours for national + 1.5 hours for state
D.4 hours total combined
Explanation: The Iowa real estate salesperson exam allows 2 hours (120 minutes) for the national portion and 1 hour (60 minutes) for the state portion, for a total of 3 hours.
7Which company administers the Iowa real estate licensing exam?
A.PSI Services
B.Prometric
C.Pearson VUE
D.AMP
Explanation: PSI Services (PSI) administers the Iowa real estate licensing examination. Candidates must schedule their exam through PSI and can choose between in-person testing or remote online proctoring.
8How many correct answers are needed to pass the national portion of the Iowa real estate exam?
A.56 out of 80 questions
B.60 out of 80 questions
C.48 out of 80 questions
D.64 out of 80 questions
Explanation: To achieve 70% on the national portion, you need 56 correct answers out of 80 questions (80 x 0.70 = 56). This is the minimum passing threshold.
9How many correct answers are needed to pass the state portion of the Iowa real estate exam?
A.28 out of 40 questions
B.30 out of 40 questions
C.24 out of 40 questions
D.32 out of 40 questions
Explanation: To achieve 70% on the state portion, you need 28 correct answers out of 40 questions (40 x 0.70 = 28). This is the minimum passing threshold for Iowa-specific content.
10Which of the following is NOT required to obtain an Iowa real estate salesperson license?
A.A college degree
B.60 hours of pre-license education
C.Passing the state exam
D.Being at least 18 years old
Explanation: Iowa does NOT require a college degree to obtain a real estate salesperson license. The requirements are: be 18+ years old, complete 60 hours of pre-license education, pass the exam, and pass a background check.

About the IA Real Estate Exam

The Iowa real estate salesperson exam covers national real estate fundamentals plus Iowa-specific topics including Iowa Real Estate Commission (IREC) licensing regulations, agency disclosure requirements, trust account management, IREC rules, seller disclosure obligations, and Iowa-specific property law including drainage districts and agricultural land considerations.

Questions

120 scored questions

Time Limit

3 hours total

Passing Score

70% on both portions

Exam Fee

$95 (Iowa Real Estate Commission (IREC) / PSI)

IA Real Estate Exam Content Outline

30%

IREC Licensing & Education

IREC structure under DIAL's Professional Licensing Bureau, Iowa Real Estate Commission role, 96-hour pre-license education, license types (salesperson, broker), CE (36 hrs/3 years), license renewal process

25%

IA Agency & Disclosure

Agency disclosure at first substantive contact, buyer agency, seller agency, dual agency consent, designated agency, agency termination, fiduciary duties

25%

IA Contracts & Closing

Purchase agreements, offer and acceptance, trust account rules (5 banking days), earnest money, closing procedures, title evidence, abstract of title tradition

20%

IA Property Regulations

Seller disclosure requirements, Iowa residential property disclosure, agricultural land considerations, drainage districts, property tax credits, lead paint disclosure, fair housing

How to Pass the IA Real Estate Exam

What You Need to Know

  • Passing score: 70% on both portions
  • Exam length: 120 questions
  • Time limit: 3 hours total
  • Exam fee: $95

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

IA Real Estate Study Tips from Top Performers

1Know IREC structure: the Iowa Real Estate Commission licenses and disciplines under Iowa Code Chapter 543B, operating inside DIAL's Professional Licensing Bureau
2Master agency disclosure timing: written disclosure required at first substantive contact with buyer or seller
3Study trust account rules: earnest money deposits within 5 banking days, broker responsibility, IREC trust-account audit authority
4Learn Iowa education requirements: 96 hours pre-license (60 + 36 live), 36 hours CE every 3 years, IREC-approved providers only
5Understand agricultural land rules: corporate ownership restrictions, drainage districts, ag area protections

Frequently Asked Questions

How many questions are on the Iowa real estate salesperson exam?

The IA exam has 120 total questions: 80 national and 40 state-specific, with 3 hours total time. You must score at least 70% on both portions — 56/80 national and 28/40 state. PSI administers the exam at testing centers throughout Iowa.

What is IREC and how does it regulate real estate in Iowa?

The Iowa Real Estate Commission (IREC) licenses and disciplines real estate professionals under Iowa Code Chapter 543B. IREC operates inside the Professional Licensing Bureau of the Department of Inspections, Appeals, and Licensing (DIAL), which handles application processing, license renewals, and exam eligibility verification. IREC contracts with PSI to deliver the exam.

How much pre-license education is required in Iowa?

Iowa requires 96 hours of approved pre-license education to sit for the salesperson exam: a 60-hour course (online permitted) plus 36 hours of live instruction (Listing Practices, Buying Practices, and Developing Professionalism & Ethical Practices). The 60-hour course must be completed within the 12 months before the exam, and courses must come from IREC-approved providers.

What are Iowa's agency disclosure requirements?

Iowa requires written agency disclosure at the first substantive contact with a buyer or seller. Licensees must explain the types of agency relationships available (buyer agency, seller agency, dual agency, designated agency) and obtain written acknowledgment before providing services.

What is unique about Iowa real estate regarding agricultural land?

Iowa has specific regulations for agricultural land transactions, including restrictions on corporate ownership of farmland under the Iowa Agricultural Areas Act. Drainage districts affect many rural properties, and licensees must understand how drainage assessments and easements impact property values and transfers.