IA Real Estate study plan

Map the Iowa licensing statute and commission rules into an outline organized by license type, qualification, and renewal cycle

Describe the pre-license, exam, and post-license education requirements and the timelines attached to each

Explain the commission's authority to investigate, discipline, and revoke, naming the categories of prohibited conduct

Distinguish the activities that require a license from those that are exempt in Iowa

List the fiduciary duties owed by an Iowa licensee and match each duty to a concrete breach scenario

Differentiate the brokerage relationship types recognized in Iowa and identify how each is created and terminated

Explain dual agency, designated agency, and transaction coordination as Iowa treats them, including required consents

Describe the duties owed to a customer versus a client

Analyze a fact pattern for offer, acceptance, consideration, capacity, and legality, and state whether a contract exists

Identify the agreements that must be in writing under the statute of frauds and the exceptions that apply

Distinguish valid, void, voidable, and unenforceable agreements and explain the remedy for each

Apply the rules on assignment, novation, rescission, and liquidated damages to short scenarios

Interpret the standard Iowa purchase and sale agreement clause by clause, noting contingency, default, and termination provisions

Classify estates and interests in land as freehold or leasehold and as present or future

Differentiate the forms of co-ownership and describe how each is severed or conveyed

Apply the fixture and attachment tests to decide whether an item is realty or personalty

Categorize encumbrances as liens, easements, encroachments, or restrictions and state the effect of each on title

Order competing liens by priority using the recording statute and the rules for taxes, mechanics' liens, and mortgages

Trace a title from contract through closing, naming each document and the step it accomplishes

Prepare the Iowa seller's disclosure and agency disclosure items from a given fact pattern

Compute monthly principal and interest, PITI, loan-to-value, and private mortgage insurance thresholds

Calculate prorations, closing costs, transfer charges, and net-to-seller figures

Differentiate conventional, FHA, VA, and Iowa-specific loan and assistance programs by their key underwriting features

Identify the clauses in a mortgage or deed of trust that govern default, acceleration, and foreclosure

Apply the sales comparison, cost, and income approaches to a described property and reconcile the results into one opinion of value

Compute gross rent multiplier, capitalization rate, and net operating income from supplied figures

Apply Iowa landlord-tenant rules on security deposits, habitability, entry notice, and eviction procedure

Distinguish the property manager's duties to the owner from the duties owed to the tenant

Re-drill every missed item from weeks 1 through 7 until each missed concept is explained correctly in writing

Recite from memory the Iowa deadlines, dollar thresholds, and statutory time periods that appear in exam questions

Complete two timed full-length exams under test-day conditions with no references

Review the formulas sheet and confirm each of the twenty math problem types can be solved without prompting