Iowa Admin. Code r. 193E-4.2

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 193E-4.2 - License examination

Examinations for licensure as a real estate salesperson are conducted by the commission or its authorized representative.

(1)Testing service. The commission will negotiate an agreement with a testing service relating to examination development, test scheduling, examination sites, grade reporting and analysis. The commission will approve the form, contract, and method of administration. The examination is conducted in accordance with approved procedures formulated by the testing service. Applicants register and pay examination fees directly to the testing service.

(2)Requests for waiver. The commission will consider each request for a waiver of commission rules or of the qualifications for licensure on an individual basis. The commission may require additional supporting information. If the applicant's prelicense education is found to be less than equivalent to the statutory requirement, the commission may suggest methods of satisfying the deficiency. If a waiver is granted, the applicable examination must be passed before the end of the sixth month following the date of the waiver.

(3)Eligibility to sit for examination. An individual may only sit for the examination after meeting the qualifications set out in Iowa Code section 543B.15. An examinee is obligated to show one of the following at the examination site:

a. Evidence that 60 live education or online learning hours of real estate principles and practices have been completed.

b. A letter from the commission granting a waiver of prelicense education.

c. A written authorization from the commission for individuals planning to qualify under rule 193E-5.3 (543B) or 193E-5.12 (543B).

(4)Failure to pass examination. An examinee who takes an examination and fails is eligible to apply to retake the examination at any time the examination is offered by filing a new registration form and paying the examination fee, unless the qualifying time period for the prelicense education or waiver granted has expired.

Iowa Admin. Code r. 193E-4.2

Amended by IAB August 2, 2017/Volume XL, Number 03, effective 9/6/2017

Amended by IAB November 17, 2021/Volume XLIV, Number 10, effective 12/22/2021

Adopted by IAB April 17, 2024/Volume XLVI, Number 21, effective 5/22/2024