Iowa Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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 is the legal time period for a broker to notify the commission of a business address change?

3 working days
7 working days
10 working days
5 working days

The correct answer is: 5 working days

The legal time period for a broker to notify the commission of a business address change is five working days. This requirement is important as maintaining up-to-date contact information ensures that the commission can reach brokers for regulatory updates, compliance matters, and other communications. Timely reporting aligns with the commitment to professionalism and ensures that all parties involved—clients, the commission, and other brokers—have accurate information. Managing such details efficiently helps facilitate smooth operations within the real estate industry and protects the interests of all stakeholders involved.