Iowa Real Estate Practice Exam

What is required for a salesperson to renew an Iowa real estate license to active status?

1. Completion of 36 hours of commission-approved continuing education within the last three years

2. Passing a state examination every year

3. Submitting an updated resume of real estate activities

4. Paying a renewal fee every year

The correct answer is: Completion of 36 hours of commission-approved continuing education within the last three years

To renew an Iowa real estate license to active status, a salesperson must complete 36 hours of commission-approved continuing education within the last three years. This requirement ensures that real estate professionals stay current with laws, regulations, and practices in the industry, which is vital for maintaining a high standard of service and professionalism. Continuing education courses cover a variety of important topics, including changes in real estate law, ethics, and new practices, thus equipping licensees with the knowledge needed to serve their clients effectively and responsibly. This emphasis on ongoing education reflects the Iowa Real Estate Commission's commitment to enhancing the competence of licensed professionals in the field. The other options would not fulfill the requirements for renewal of an active license. While passing a state examination every year might be necessary for initial licensure, it is not a requirement for renewal. Submitting an updated resume is not a standard practice in the renewal process, and while paying a renewal fee is part of the process, it's the completion of the continuing education that is the primary requirement for maintaining active status.