(1)
Mandatory course of
study.
a. The mandatory course of
study for the salesperson licensing examination consists of 60 live instruction
or distance/online learning hours of real estate principles and practices to
comply with the criteria of Iowa Code section
543B.15. The curriculum
includes, but is not limited to, the following subjects:
|
Introduction to Real Estate and Iowa License Law
.................................
|
12 hours
|
|
Ownership, Encumbrances, Legal Descriptions, Transfer
of Title and Closing .................................
|
12 hours
|
|
Contracts, Agency and Antitrust
.................................
|
12 hours
|
|
Valuation, Finance and Real Estate Math
.................................
|
12 hours
|
|
Property Management/Leasing, Fair Housing,
Environmental Risks and Health Issues .................................
|
12 hours
|
b. At
the time of submission of an application, an applicant applying for an original
salesperson license also provides evidence of the following live instruction
courses: 12 hours of Developing Professionalism and Ethical Practices, 12 hours
of Buying Practices and 12 hours of Listing Practices. All the necessary
education is completed during the 12 months prior to the date the application
is postmarked or received.
(2)
Completion of prelicense
education. Successful completion of the salesperson prelicense
education includes passage of an examination(s) designed by the approved
provider that is sufficiently comprehensive to measure the student's knowledge
of all aspects of the course(s). Times allotted for examinations may be
regarded as hours of instruction.
(3)
Substitution of courses.
Written requests for substitution of the salesperson prelicense education
courses specified in subrule 16.2(1) may be granted if the applicant submits
evidence of successful completion of a course or courses which are
substantially similar to the courses specified in subrule 16.2(1). Courses
completed more than 12 months prior to commission consideration for approval do
not qualify for substitution.
Notes
Iowa Code r.
193E-16.2
ARC 7778C, IAB
4/17/24, effective 5/22/24
Amended by
IAB
December 6, 2017/Volume XL, Number 12, effective
1/10/2018
Adopted by
IAB
April 17, 2024/Volume XLVI, Number 21, effective
5/22/2024
