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Iowa Real Estate Exam Information
The exam is broken into two
parts: A National portion with 80 questions needing 56 correct to
pass (70%), and a State portion with 40 questions needing 28
correct to pass (70%). Once you pass both portions of the exam a
pass certificate is issued, if you do not pass one or both portions then
you retake the portion you did not pass.
Cost of the exam = $ 90
(price of exam remains the same if you only pass one portion and not
both)
Time allowed for the exam = 120 minutes (National
Portion) & 60 minutes (State Portion)
Exam breakdown by topic
National Portion:
- Property Ownership - 7 questions
- Land Use Controls & Regulations -
7
questions
- Valuation and Market Analysis - 7
questions
- Financing - 8 questions
- Laws of Agency - 10 questions
- Mandated Disclosures - 6 questions
- Contracts - 10 questions
- Transfer of Property - 7 questions
- Practice of Real Estate - 10 questions
- Mathematics - 5 questions
- Specialty Areas - 3 questions
State Portion:
Passing score on the exam is 70% or
better on both portions. When you complete the exam your score
will be reported to you with a pass/fail indication immediately on your
computer monitor. This score is also broken down by section/topic
telling you how well you did in each area. PSI, the testing
center, will give you a printed score report before you leave. You
scores are kept confidentially by the testing center and the Iowa Real
Estate Commission. Upon receiving your pass notice/report, you
have 6 months from that date of the report to make application to the
state for licensure. If you do not pass the exam, you must retake
the examination and pay the cost of the exam each time before you can be
licensed. |
