Salesperson Angela is curious about the term length for Iowa Real Estate Commission members. Under Iowa Code Chapter 543B, how long is each commissioner's term of office?
Correct Answer
B) Three years, staggered so that not all terms expire at the same time
Under Iowa Code § 543B.3, IREC commissioners serve three-year terms. The terms are staggered so that the entire commission does not turn over at once, ensuring continuity of governance and institutional knowledge on the commission.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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