Iowa Real Estate Salesperson Exam — All Questions

An Iowa seller's disclosure statement is delivered late, by mail. The buyer may revoke the acceptance without liability within:

• a.three days following the mailing date
• b.five days following delivery by mail✓
• c.ten days following delivery by mail
• d.thirty days, or until closing if sooner

If the disclosure statement is not timely delivered, the transferee may withdraw the offer or revoke the acceptance without liability within three days following personal delivery of the statement, or five days following electronic delivery or delivery by mail. Cite: Iowa Code § 558A.2(2).

An Iowa seller disclosure statement is emailed to the buyer's agent. Delivery is not complete until:

• a.the email server returns a computer-generated read receipt
• b.the message leaves the sending licensee's outbox
• c.the buyer or the buyer's agent acknowledges receipt in writing✓
• d.a facsimile delivery confirmation is printed and filed

Electronic delivery of a chapter 558A disclosure is not deemed completed until written acknowledgment of receipt is provided to the transferor by the transferee or the transferee's agent; a computer-generated read receipt, fax delivery confirmation or other automated return message does not count. Cite: Iowa Admin. Code r. 481—2014.1(6).

Iowa's seller disclosure statement now asks whether the property currently has, or ever had, any:

• a.lead water service lines✓
• b.lead-lined roof flashing
• c.lead-glazed drain piping
• d.lead-sealed septic tanks

2025 Iowa Acts ch. 144 added “lead service line” to chapter 558A effective January 1, 2026, and the commission added the matching disclosure item — “Are there currently, or have there ever been, any lead water service lines present?” — to the model statement. Cite: Iowa Code §§ 558A.1(4), 558A.4(1)“a”; Iowa Admin. Code r. 481—2014.1(7), item 13 (ARC 0027D, effective 4/22/2026).

An Iowa property has no known well, burial site, storage tank, hazardous waste, disposal site or private sewage system. At recording:

• a.a groundwater hazard statement is filed with a $12 fee
• b.no statement is filed; the deed's first page says so✓
• c.the recorder files one on the seller's behalf
• d.the DNR must certify the property before recording

Since 2022 Iowa Acts ch. 1028, when none of the Iowa Code § 558.69(1) conditions is present no groundwater hazard statement is submitted; instead the deed's first page must carry the statutory “no known…” statement, and the recorder must refuse to record a deed lacking it. Cite: Iowa Code § 558.69(8)-(9).

An Iowa home sells for $250,000 with no personal property stated on the deed. The real estate transfer tax is:

• a.$200.00
• b.$400.00
• c.$399.20✓
• d.$199.60

Iowa taxes 80 cents for each $500, or fractional part of $500, of consideration in excess of $500. ($250,000 − $500) ÷ $500 = 499; 499 × $0.80 = $399.20. The grantor is liable for the tax. Cite: Iowa Code §§ 428A.1(1)“a”(2), 428A.3.