A licensee in Iowa encounters a property management agreement terminates or transfers. What should the licensee remember?
Correct Answer
B) The property manager must notify the owner and tenants, provide unobligated owner funds within 30 days, and provide final accounting within 60 days
Iowa Administrative Code 193E-15.1 sets notice, 30-day owner-funds, and 60-day final-accounting duties after termination or transfer. Source basis: Iowa Administrative Code 193E-15.1: property management written authorization, required agreement terms, copies, sale/listing authority, trust-account deposits, termination notices, owner funds, and final accounting; checked 2026-04-30.
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