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Practice Of Real EstateDisciplinary_actionsMEDIUM

A licensee in Iowa encounters the Commission audits CE, trust account, or E&O compliance. What should the licensee remember?

Correct Answer

D) Commission audits may form the basis for investigation or proceedings

Iowa Administrative Code 193E-18.4 lists Commission audits of CE, trust accounts, or E&O insurance as investigation sources. Source basis: Iowa Administrative Code 193E-18.2 and 193E-18.14, plus 193E-21.1/21.2 for unlicensed practice: grounds, investigations, sanctions, civil penalties, voluntary surrender, and unlicensed-person enforcement; checked 2026-04-30.

Answer Options
A
The Commission has no disciplinary authority over the conduct described.
B
A private brokerage may replace the Commission’s disciplinary process.
C
The conduct is harmless because discipline requires a completed closing.
D
Commission audits may form the basis for investigation or proceedings

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Related Topics & Key Terms

Related Topics:

ia.S3disciplinary_actions

Key Terms:

iowaia.S3disciplinary_actionsaudits-source
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