Iowa Real Estate Practice Exam

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Study for the Iowa Real Estate Exam. Utilize flashcards and multiple-choice questions, complete with hints and explanations for each query. Prepare effectively for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What happens to a salesperson's license if they fail to submit the required continuing education hours for renewal?

They must stop working immediately
They can continue with an inactive license
They need to pay a fine before renewing
They automatically lose their license

The correct answer is: They can continue with an inactive license

When a salesperson fails to submit the required continuing education hours for renewal, their license is placed in an inactive status. This means that while they are not able to actively practice real estate, they retain the ability to reactivate their license later by fulfilling the continuing education requirements. The inactive status allows the individual to continue to hold their license without having to reapply completely, but they cannot engage in any real estate activities until the necessary education hours are completed and their license is renewed to active status. This process ensures that real estate professionals maintain their skills and knowledge in the field, which is essential for both consumer protection and overall industry standards. It is common in many states for licenses to have such provisions, allowing for flexibility while also emphasizing the importance of ongoing education in real estate practices.