If you’re looking to become a real estate broker in Iowa, it’s important to understand the requirements for getting an Iowa real estate license. While the specific requirements vary from state-to-state, the following list explains the general steps you will need to take to become a licensed real agent in Iowa.
Steps to Acquiring a Real Estate License in Iowa
- Education: Iowa requires prospective brokers to complete pre-licensure education courses. The courses must be approved by the Iowa Real Estate Commission and must consist of at least 45 hours of instruction in real estate principles and practices.
- Exam: Prospective real estate agents must pass the Iowa real estate licensing exam with a score of least 70%. The exam tests your knowledge on real estate law and principles.
- Application and License Fees: After passing the exam, applicants must complete the Application Form and pay the $125 license fee.
- Background Check: Applicants must also submit to a criminal background check to be completed by the Iowa Division of Criminal Investigation.
- Activate License: After the background check has been approved, applicants must activate the license by paying the activating fee, obtaining errors, and omissions insurance, and applying for a membership to the local board of Realtors.
By following these steps, you’ll be on your way to becoming a licensed real estate agent in the state of Iowa. Once you’ve followed these steps, you will be legally allowed to practice the profession of real estate and help clients buy, sell, and rent homes. Good luck!