Iowa Real Estate Practice Exam

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What must an agent do to be reinstated after their license expires for one year?

  1. File an application and pass a new exam

  2. Submit a request and pay a fee of $100

  3. Pay a reinstatement fee of $25 for each month expired

  4. Wait for the commission to contact them

The correct answer is: Pay a reinstatement fee of $25 for each month expired

To be reinstated after a real estate license has expired for one year, an agent is required to pay a reinstatement fee that accumulates based on the duration of the expiration. Specifically, this means paying a fee of $25 for each month that the license has been expired. This approach ensures that agents take responsibility for keeping their licensing up to date while also providing a financial incentive to avoid letting the license lapse unnecessarily. The required payment structure is in place to encourage agents to maintain their education and licensing and to help fund regulatory efforts that safeguard the public interest in real estate transactions. Understanding this requirement is essential for agents to remain compliant with state laws governing real estate practice.

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