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Iowa broker exam
What the Iowa broker exam tests, how it is scored, and 80 broker-track practice questions with cited sources.
PSI-administered exam for the Iowa Real Estate Commission. Salesperson: 80 national (120 min, 56 of 80 points to pass) + 40 Iowa (60 min, 28 of 40), 180 minutes combined, 70% each. Broker: 75 national scored items graded on an 80-point scale (60 of 80 points to pass) + 40 Iowa (30 of 40), also 180 minutes combined, 75% each — broker national items are scenario-based and some are worth more than one point, which is why 75 questions carry 80 points.
Two separately scored sections
The Iowa broker exam runs as two separately scored portions: 75 national questions and 40 Iowa law questions.
Real exam-style questions with explanations and sources. No sign-up; progress stays on this device. Enable JavaScript to practice here, or get the full experience in the free app.
Every Freehold question shows why the right answer is right — and cites its source.
Before applying for an Iowa broker's license, an applicant must have been a licensed active salesperson for:
24 months — Iowa requires broker applicants to have at least 24 months of active licensed salesperson experience immediately before applying for a broker's license.
Source: StateRequirement, Iowa Real Estate Broker License
Since January 1, 2020, an Iowa broker exam candidate must complete a required course of study consisting of at least:
60 classroom hours — Effective January 1, 2020, Iowa requires broker candidates to complete at least 60 classroom hours of required coursework before sitting for the broker exam.
Source: Iowa REALTORS, How to Become a Broker
Iowa brokers are generally prohibited from commingling personal funds in a trust account, EXCEPT for:
A sum not to exceed $500, specifically identified to cover bank service charges — Iowa permits a broker to keep up to $500 of personal funds in the trust account, specifically to cover bank service charges, without that being treated as prohibited commingling.
Source: Iowa Legislature, Iowa Code section 543B.46
Absent a written agreement between buyer and seller to the contrary, interest earned on an Iowa broker's trust account is transferred quarterly to:
The Iowa Finance Authority, for deposit in the state's housing trust fund — Iowa law directs trust account interest to be transferred quarterly to the treasurer of state and then to the Iowa Finance Authority for the statewide housing trust fund, unless the parties agree otherwise in writing.
Source: Iowa Legislature, Iowa Code section 543B.46
The Iowa broker exam runs as two separately scored portions: 75 national questions and 40 Iowa law questions. You need 75% to pass, within 180 minutes.
It carries a higher passing score (75% versus 70%) and adds brokerage-operations material - supervision, trust accounting, and firm responsibility - on top of the salesperson outline.
80 Iowa law questions apply to the broker track, including 8 written specifically for brokers, alongside the national broker bank.
Salesperson track: Iowa exam prep · Iowa practice test