Iowa Real Estate Practice Exam

The legal time period for a broker to notify the commission of a business address change is five working days. This requirement is important as maintaining up-to-date contact information ensures that the commission can reach brokers for regulatory updates, compliance matters, and other communications. Timely reporting aligns with the commitment to professionalism and ensures that all parties involved—clients, the commission, and other brokers—have accurate information. Managing such details efficiently helps facilitate smooth operations within the real estate industry and protects the interests of all stakeholders involved.