IA Real Estate case studies
IA Real Estate · Put your knowledge to work in context.
The Iowa Real Estate Salesperson license is a state-issued credential administered through the Iowa Department of Inspections, Appeals, & Licensing (DIAL), the department that houses Iowa's professional licensing programs. It is the entry-level license for people who want to conduct real estate brokerage activity in Iowa under the supervision of a licensed broker, and it is typically the first step for someone moving into listing, buyer representation, or property management work. The IA Real Estate case studies are 5 cases and about 4,305 words.
1The Listing Appointment: Two Comps, One Price
Denise is taking a listing on a 1978 ranch: 1,720 sq ft above grade, 3BR/2BA, original kitchen, unfinished basement, attached 2-car garage, 0.31 acre, new roof in 2022. Her market study supports these adjustments: gross living area 55/sq ft; full bath 6,000 (half bath 3,000); finished basement 22/sq ft; garage 8,000 per bay; kitchen update 12,000; market time 0.5% per month of appreciation.
880 words, about 4 min2The Sign Caller Who Trusts You
Pat, a licensee with Cedar Valley Realty, holds a signed listing on 123 Oak Street at 299,900. On Saturday a buyer, Dana, calls the number on the sign.
834 words, about 4 min3The Objection List That Arrived at 9:15 p.m.
An Iowa residential purchase agreement is accepted Saturday, March 1, at 284,000, with a 10-day inspection contingency, a 5-day seller response period, and 5,000 earnest money. Email sent to the address stated in this agreement before 11:59 p.m.
887 words, about 4 min4The Appraisal That Missed by $16,000
Purchase price is 312,000. The buyer is pre-approved for a 30-year conventional loan at 90% LTV, 6.5% interest.
804 words, about 4 min5The Iowa Closing: Prorations, a Judgment Lien, and Net Proceeds
An Iowa closing is set for Wednesday, October 15. Contract price 265,000.
900 words, about 5 min