An Iowa salesperson asks about an applicant has recent license problems in another jurisdiction. What is the best answer?
Correct Answer
B) Iowa’s PSI bulletin flags recent application rejection or license revocation history as a licensing qualification issue
The PSI Iowa bulletin lists rejection within 12 months and revocation within two years as licensing qualification concerns. 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
Related Topics:
Key Terms:
Related Concepts
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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