An Iowa broker reviews a salesperson wants to handle a closing alone. Which answer follows Iowa law?
Correct Answer
C) A salesperson cannot handle a closing except under direct supervision or with the consent of the employing broker
Iowa Administrative Code 193E-13.3 limits salesperson handling of closings. Source basis: Iowa Administrative Code 193E-13.1 through 13.6: trust account deposits, commingling limits, closing statements, escrow agreements, record retention, salesperson closing limits, earnest money return, and licensee-as-principal funds; checked 2026-04-30.
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