In Iowa, a license is inactive or suspended at renewal time. Which statement is correct?
Correct Answer
C) The license must still be timely renewed or it expires
Iowa Administrative Code 193E-4.5 states that inactive or suspended status does not remove the requirement to renew. Source basis: Iowa DIAL IREC Continuing Education Requirements and Iowa Administrative Code 193E-4.4/4.5/4.6: 36 CE hours, 8 Law Update, 4 Ethics, 24 electives, renewal by Dec. 31, Jan. 30 grace period, inactive renewal and reinstatement rules; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
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