Salespersons 3 YEARS = $125

• Must be 18 years of age - no residency or citizenship requirement
• Must be sponsored by broker after they pass the exam; cannot apply for an inactive license
• Complete the 60-hour pre-license course from an approved provider
• In addition to the 60-hour pre-licensing salesperson course, all persons applying for a salesperson license beginning January 1, 2009 must show evidence that the following three courses have been completed:

a.  12-hours Buying Practices
b.  12-hours Listing Practices
c.  12-hours Developing Professionalism and Ethical Practices

• Successfully pass the state and national portions of the examination
• Undergo a criminal history and background investigation
• Obtain errors and omissions insurance

Persons with an active license in another state may apply by reciprocity or Rule 5.3 as applicable.

Brokers 3 YEARS = $170

• A broker applicant must have 24 months of active salesperson
  experience and complete 72 hours of broker pre-license education within the preceding 24 months
• Successfully pass the state and national portions of the examination
• Undergo a criminal history and background investigation
• Provide verification of current errors and omissions insurance
• Include current salesperson wall license with the application
• Brokers who have never renewed as a salesperson must provide documentation of attendance of the following three courses:  12 hours Buying Practices, 12 hours Listing Practices and 12 hours Developing Professionalism and Ethical Practices.  (Not applicable to salespersons originally licensed after December 31, 2008.)

Persons with an active license in another state may apply by reciprocity or Rule 5.3 as applicable.

Exams

The exams are given by appointment only.   To schedule, contact Psychological Services, Inc. (PSI) by calling 1-800-733-9267. Exam fees for all exams are $90.00.

Exam Locations

Reinstatement Applications

Iowa residents whose license has been expired for less than three years may apply by submitting a reinstatement application.  Persons reinstating to active status must provide proof of continuing education, errors and omissions insurance, and be affiliated with an actively-licensed Iowa broker.  Those reinstating to an inactive status are not required to have continuing education, insurance or broker affiliation.  To apply, complete and mail a reinstatement application.  See schedule below for reinstatement fees.

Non-residents must complete an resintatement application and attach a current certified license history from their state of residence (for those eligible for reciprocity), proof of current errors and omissions insurance coverage in Iowa, verification of completed continuing education (for those not eligible for reciprocity) and be affiliated with an actively-licensed Iowa broker to reinstate to active status.  Those reinstating to an inactive status are not required to have continuing education, insurance or broker affiliation.  See schedule below for reinstatement fees.

Fee Schedule for Iowa resident and Non-reciprocal (Rule 5.3) reinstatements

The reinstatement fee is in addition to the regular license fee and is
determined by the length of time after expiration the reinstatement application is filed.  The reinstatement fee is $25 per month or partial month the license has been expired.  

Fee Schedule for Reciprocal Reinstatements

Reciprocal licensees have until December 31st of the third year after
expiration to reinstate.  The reinstatement fee is $25 plus the regular license fee, regardless of the time period expired.

Continuing Education

All salespersons originally licensed prior to January 1, 2009 that are renewing for the first time must complete the following 36 hours of Commission approved education:

• 12 hours Developing Professionalism & Ethical Practices
• 12 hours Buying Practices
• 12 hours Listing Practices

     For subsequent renewals: 

• 8 hours Law Update
• 4 hours Ethics
• 24 hours Commission approved Electives

All salespersons originally licensed after December 31, 2008* and all brokers must completed the following:

• 8 hours Law Update
• 4 hours Ethics
• 24 hours Commission approved Electives  

* Beginning January 1, 2009 all salesperson applicants must complete the 60-hour pre-licensing salesperson course AND the following: 12-hours Developing Professionalism and Ethical Practices, 12-hours Buying Practices and 12-hours Listing Practices prior to applying for their license.

Please note that there are no carry over hours on continuing education and to renew active all continuing education must be done no later than the December 31st of the year of your renewal.

Licensees residing in the following states will sign an affidavit to verify continuing education requirements:

• Arkansas, Colorado, Georgia, Idaho, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, and Wyoming.

All other states must comply with Iowa's 36 hour continuing education requirement. We can accept the following courses to meet the 24 hour elective requirement:

• Courses approved by the real estate licensing body in the state of residence for their real estate continuing education requirements as long as the courses are not specific to that state's real estate license law and/or rules.
• Any courses approved by the National Association of Realtors (NAR.)