How to obtain an Iowa Real Estate License
There are two basic real estate licenses in Iowa, a salesperson's license and a broker's license. Generally, a salesperson's license allows the holder to sell real estate only under the auspices of a licensed broker. (Salesperson's licenses are generally what people refer to when they say they have a real estate license.)
To obtain the salesperson's license, a person must:
- Must be 18 years of age - no residency or citizenship requirement
- Must be sponsored by broker after they pass the exam; cannot apply for an inactive license
- Complete the 60-hour pre-license course from an approved provider
- Successfully pass the state and national portions of the examination
- Undergo a criminal history and background investigation
- Obtain errors and omissions insurance
To obtain the broker's license, a person must:
- A broker applicant must have 24 months of active salesperson experience and complete 72 hours of broker pre-license education within the preceding 24 months
- Successfully pass the state and national portions of the examination
- Undergo a criminal history and background investigation
- Provide verification of current errors and omissions insurance
- Include current wall certificate with the application
- Brokers who have never renewed as a salesperson must provide documentation of attendance of the following three courses: 12 hours buying practices, 12 hours listing practices and 12 hours developing professionalism and ethical practices
Iowa has reciprocal agreements with:
- Alabama
- Arkansas
- Georgia
- Louisiana
- Massachusetts
- Minnesota
- Mississippi
- North Carolina
- North Dakota
- Tennessee
- West Virginia
Anyone holding licenses from any of these states may apply for a reciprocal license, and may be able to forego some classroom work and other requirements.
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