An Iowa broker reviews an original salesperson applicant prepares the application checklist. Which answer follows Iowa law?
Correct Answer
A) The applicant must obtain proof of errors and omissions insurance
Iowa DIAL and the PSI Iowa bulletin list proof of E&O insurance among salesperson license application requirements. Source basis: Iowa DIAL Real Estate Salesperson and Brokers License by Exam page and PSI Iowa CIB License Application Instructions: 18 at application, FBI check valid 210 days, exam validity through the last working day of the sixth month, E&O, broker certification, and online application; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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