About Course
Salesperson or Broker Reciprocity Course
This PSI exam preparation course is designed specifically for out-of-state licensed students preparing for the state portion of the Iowa real estate licensing exam to gain reciprocity. The course provides in-depth coverage of state-specific laws, regulations, and practices essential for both broker and salesperson candidates. With a strong focus on understanding and applying Iowa’s unique real estate principles, this course covers Iowa Code 543B & 558A, Administrative Rules, 193E, review videos, and practice exam questions.
*Please confirm reciprocity eligibility with the Iowa Real Estate Commission before taking this course for Salesperson or Broker licenses. There is no continuing education credits offered with this course.
Course Content
Introduction
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State Exam Prep Details
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State Information Overview
License Requirements, Maintenance & Education
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Administration
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Salesperson Application Requirements
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Broker License Application Requirements
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License Maintenance & Renewal
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License Termination & Transfer
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Review of License Requirements, Maintenance & Education
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Quiz: License Requirements, Maintenance & Education
Disciplinary Actions
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Commission Investigations
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Complaints
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Investigation Procedures
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Disciplinary Sanctions
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Prohibited Practices
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Grounds for Discipline
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Enforcement Against Unlicensed Persons
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Review of Disciplinary Actions
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Quiz: Disciplinary Actions
Trust Accounts
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Establishing a Trust Account
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Trust Account Maintenance
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Releasing Trust Account Funds
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Closing Transactions
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Review of Trust Accounts
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Quiz: Trust Accounts
Agency
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Disclosure of Relationships
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Confidential Information
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Single Agency
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Dual Agency
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Appointed Agency
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Licensee Interest in a Transaction
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Review of Agency
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Quiz: Agency
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Effective July 1st, 2024
Contracts
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Brokerage Agreements
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Listing Brokerage Agreements
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Presenting Purchase Agreements
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Review of Contracts
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Quiz: Contracts
Property Disclosures
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Property Disclosure Procedures
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Property Condition Disclosure Requirements
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Residential Property Seller Disclosure Statement
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Groundwater Hazard Statements
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Review of Property Disclosures
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Quiz: Property Disclosures
Broker Responsibilities & Unlicensed Assistants
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Duties of Licensees
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Offices & Management
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Closing a Real Estate Business
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Advertising
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Support Personnel for Licensees
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Review of Broker Responsibilities & Unlicensed Assistants
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Quiz: Broker Responsibilities & Unlicensed Assistants
Property Management
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Property Management Agreements
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Termination of Management Agreements
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Property Management Financials
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Review of Property Management
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Quiz: Property Management
Iowa Civil Rights Act of 1965
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Iowa Protected Classes
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Housing & the Law
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Housing Discrimination
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Protected Housing
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Review of Iowa Civil Rights Act of 1965
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Quiz: Iowa Civil Rights Act of 1965
State Content Review
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License Qualifications
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Agency Duties & Support Personnel
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Prohibited Practices & Discipline
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Trust Accounts & Property Disclosures
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State Speed Review
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State Q&A Part 1
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State Q&A Part 2
State Practice Exams
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Quiz: State Exam (20 Questions)
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Quiz: State Exam (40 Questions)
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State Exam (40 Questions)
Conclusion
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Review: PSI Exam Registration
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Background Checks