how long after completion of pre license course do you have to take test iowa real estate

How do I take the Iowa Real Estate exam?

(An Iowa Real Estate Commission-approved course is required before you take the Real Estate Exam). Pass the real estate exam with the Iowa Real Estate Commission. What can I expect for the test? Pick a brokerage. Successfully complete 36 hours of listing, buying, and developing courses within 12 months of passing the licensing exam.

Do pre-licensing course providers issue real estate licenses?

No, pre-licensing course providers do not issue real estate licenses. The course prepares you to sit for the state license exam. After you pass the course final exam, you will receive a certificate of completion (type and process varies by state). You will then schedule your license exam with the proctor company chosen by your state.

What is the minimum age to take the real estate exam?

(You may actually sit for the exam before you are 18, but you MUST be 18 before you make the application for a real estate license, which must be within six months after you pass the exam.)

How long does it take to get an Iowa real estate license?

Also, in comparison to other professions, the time it takes to complete the requirements for an Iowa real estate license is relatively short - up to a year vs. 4+ years! Let's break it down a bit more. A salesperson must be assigned to a licensed broker or firm and can not conduct business independently. You must be 18 years of age or older.

Can I take the Iowa real estate exam online?

An Iowa Real Estate Commission-approved course is required before you may take the Real Estate Exam....Take a 60-Hour Pre-License Course.Weekday Classroom 60 Hours$460More InfoREsmarts Online Self Study 60 Hours$425More Info2 more rows

How many times can you take the Iowa real estate exam?

If you fail one portion of the exam 3 times, you must take an additional 30 hours of qualifying real estate education. If you fail both portions of the exam 3 times, you must take an additional 60 hours of qualifying real estate education.

What do I need to get my real estate license in Iowa?

The six steps to becoming an Iowa real estate agent are as follows:Step 1: Be at Least 18 Years of Age. ... Step 2: Complete Your Required Education. ... Step 3: Take the Iowa Salesperson Licensing Exam. ... Step 4: Undergo a Background Check. ... Step 5: Get E&O Insurance. ... Step 6: Apply for Your State License.

How much does a realtor make in Iowa?

The average salary for a realtor is $83,983 per year in Iowa. 78 salaries reported, updated at June 4, 2022.

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

80The salesperson exam consists of 80 national questions and 40 state-specific questions. To pass, you must answer correctly at least 56 of the questions national questions and 28 of the state-specific.

How do I schedule the Iowa real estate exam?

(PSI) by calling 1-800-733-9267 or on their website to schedule a time and place to take the exam. Exam fees for all exams are $95.00. PSI has testing sites in West Des Moines, Cedar Rapids and Council Bluffs. Please review the PSI Bulletin for additional information.

Is it hard to get a real estate license in Iowa?

It can be a lengthy process that can take anywhere from 3-12 months to complete. There are nine steps for becoming a licensed agent in Iowa: Submit a background check. Submit your background check first as it will take the longest time to complete.

What is the difference between a realtor and a real estate agent?

Any realtor can have access to, and show buyers any property listed for sale. This means that buyers do not have to go from agent to agent to see multiple properties. One agent can show all suitable homes to a buyer.

How often do you have to renew your real estate license in Iowa?

every three yearsHow often must I renew my Iowa real estate license? Iowa real estate licenses must be renewed every three years.

Can a felon get a real estate license in Iowa?

In Iowa, felons need to wait five years after their conviction and have completed all their conviction requirements to have their application considered by the state.

Do Realtors make a lot of money?

According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000.

How do you become a broker in Iowa?

Get an Iowa Real Estate Broker LicenseWhen you apply for a broker's license you must have been a licensed active salesperson for 24 months.You must complete 60 hours of prescribed broker classes (see below for the nine required pre-broker classes). ... You can take the 60 hours in any order.More items...

How many hours of pre-licensing in Iowa?

There are currently nine approved providers of the 60-hour pre-licensing course in Iowa. Each program varies by which materials are included, how much it costs and how much support is provided.

When are weekend courses?

Weekend courses typically take place on Friday evenings and during the day on Saturday and Sunday. However, days and times vary by location. Weekend courses are a good choice for anyone who already has a full-time job or other commitments during the week.

What is the next step in becoming a real estate agent in Iowa?

After submitting your application, the next step is to complete your fingerprinting and background check. The Iowa Real Estate Commission requires that all applicants have a background check performed before becoming a licensed real estate agent in Iowa.

What is the score for real estate salesperson in Iowa?

A passing score for the Iowa Real Estate Salesperson Exam is 56/80 on the National section and 28/40 on the State section. After completing your exam, you will receive a scoring document that states whether you passed or failed.

Does Iowa require a pre-license exam?

Iowa does not require the final pre-license exam to be supervised by a proctor. This is not the same as the state exam. This test is provided by your pre-license education company and is an indication that you have completed and retained the information from your pre-license education course.

How to get a real estate license in Iowa?

In addition to completing the background check, when applying for a real estate license, you need to submit the following: 1 Complete a notarized Iowa Real Estate Commission-provided application. You must have your signature notarized on the license application form. 2 Complete a background check submitted to the Iowa Real Estate Commission. 3 Pay a license fee of $125. 4 A Obtain a pass notice from the PSI Examination Services. 5 Provide proof of completion of the 60-hour pre-license course in the form of a completion certificate. This must be completed during the 12 months prior to license application. 6 Provide proof of completion of the approved additional 36-hour pre-license coursework in the form of a completion certificate. This must be completed during the 12 months prior to license application. 7 Provide proof of Errors and Omissions insurance. 8 You must provide the signature of your employing broker on your license application form.

How old do you have to be to become a realtor in Iowa?

Requirements To Become a Realtor In Iowa. A salesperson must be assigned to a licensed broker or firm and can not conduct business independently. You must be 18 years of age or older. (You may actually sit for the exam before you are 18, but you MUST be 18 before you make the application for a real estate license, ...

How much does it cost to take the PSI exam?

Register for the computer-based exam by calling 800-733-9267 (24 hours) or www.psiexams.com. The cost is $95 each time you take the exam. View PSI Exam Locations.

Is the Iowa real estate exam confidential?

Examination results are confidential and will only be reported to you and the Iowa Real Estate Commission. If you pass the examination, you will receive a real estate license application form with your score report.

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About The Course

All 60-hour salesperson pre-license courses offered by the Iowa Association of REALTORS® are accredited with the Iowa Real Estate Commission.

How long does it take to get a real estate license?

To get your real estate license you will be required to take a 60-hour pre-licensing course. There are two options when it comes to course style – you can choose between taking the course in-person or online.

What percentage of the housing exam covers the Fair Housing Act?

Now that you know what the exam covers, you know that 13 percent of the national portion covers federal housing laws, like the Fair Housing Act and the Americans with Disabilities Act (ADA). The state portion also covers Iowa-specific regulations and laws. Needless to say, you should know your laws inside and out!

Where can I take the PSI exam?

PSI currently offers testing locations in three cities in Iowa: Cedar Rapids, Des Moines and Council Bluffs. You can also take the licensing exam online using the PSI system. If you choose to take the exam online, it will be monitored live by a remote proctor. To learn more about taking the exam online, click here .

How many questions are asked in the state section?

The state section is comprised of 80 questions and you are given two hours to complete it. The national section is shorter- only 40 questions and you are given one hour to complete it. Each section requires a score of 70 percent or higher to pass.

Does Iowa real estate exam prep cover state and national?

If the exam prep provider specifically states that exam prep covers both national and state prep, it is noted here. Otherwise, you may need to clarify the exam prep content with the provider.

What are the additional pre-licensing real estate courses?

The state of Iowa requires all applicants for a real estate license to complete three 12-hour courses, in addition to the 60-hour pre-licensing course. These additional courses cover practical knowledge topics you will need to know as an agent: buying practices, listing practices and developing professionalism and ethical practices.

Ethical Practices

This course aims to address the question of ethics in real estate. This discussion-based course dives into the ethical problems REALTORS® face and whether or not ethics can be taught.

How do I take the additional pre-licensing real estate courses?

All three courses must be taken in-person in a classroom setting through a provider approved by the Iowa Real Estate Commission (IREC). Per Iowa law, the three 12-hour courses must be taken in-person in a classroom, even if you take the 60-hour pre-licensing course online.

When should I take the additional pre-licensing real estate courses?

The IREC requires everyone to complete these courses before submitting a license application. However, they do not have to be completed before you take the licensing exam. In fact, most people wait until after the 60-hour course and exam to take the additional 36 hours of courses.

How much do the additional courses cost?

The average cost of the courses ranges from $80-$140 each depending on where you take it. Some course providers will include study materials in the cost of the class and some may charge you an additional fee.

What do I do after I complete the additional courses?

You will receive a certificate of completion for each 12-hour course, just like the 60-hour pre-licensing course.

How long is the Iowa Real Estate Academy?

The Iowa Real Estate Academy offers a blended style of 60 Hour Pre-License, meaning it is offered half weekdays and half weekends for two weeks, Thursday through Sunday each week.

How many hours of pre-licensing is required for a real estate license?

All required courses may be taken in any order, only 60 Hour Pre-License is required in order to take the exam. The other three required courses are Buying Practices, Developing Professionalism and Listing Practices. All course work, including the exam, must be completed within one year.

How long is the salesperson exam?

For the salesperson exam: you are allowed 120 minutes for the national portion and 60 minutes for the state-specific portion. For the broker and associate broker exam : you are allowed 120 minutes for the national portion and 60 minutes for the state-specific portion.

How many questions are asked in the broker exam?

The broker exam consists of 80 national questions and 40 state-specific question. To pass, you must answer correctly at least 60 of the questions national questions and 30 of the state-specific. You will receive your score immediately after you complete your exam.

FAQs: Pre-Licensing and Continuing Education Questions

Find answers to common questions about your real estate license and Real Estate Express.

Will I have a real estate license after I take the pre-licensing course?

No, pre-licensing course providers do not issue real estate licenses. The course prepares you to sit for the state license exam. After you pass the course final exam, you will receive a certificate of completion (type and process varies by state). You will then schedule your license exam with the proctor company chosen by your state.