Iowa Real Estate Practice Exam

A person who passed the real estate examination is eligible for what immediately after?

1. Immediate licensure

2. Application submission for licensing

3. Undertaking further training

4. Negotiating sales deals

The correct answer is: Application submission for licensing

The correct answer pertains to the steps following the successful completion of the real estate examination. After passing the exam, the individual must submit an application for licensing. This step is crucial because passing the exam demonstrates that the person has the necessary knowledge and skills for real estate practice, but it does not automatically grant them a license. Submitting the application is a formal requirement where the candidate provides necessary information, pays any applicable fees, and may need to meet additional state requirements. This process is a pivotal part of the transition from examination to licensure, ensuring that all candidates meet state standards and regulations before they can practice real estate professionally. Immediate licensure is not granted solely based on passing the exam, as there are usually additional steps and possible waiting periods involved. Undertaking further training or negotiating sales deals would also not be immediate actions allowed until the individual is officially licensed. Thus, the application submission for licensing is the correct step to take right after passing the examination.