An Iowa broker reviews an affiliated licensee employs a personal assistant. Which answer follows Iowa law?
Correct Answer
A) The individual or designated broker supervises support personnel, while the affiliated licensee has primary responsibility for the personal assistant
Iowa Administrative Code 193E-7.13 allocates supervision between the broker and the affiliated licensee using the assistant. Source basis: Iowa Administrative Code 193E-7.13 through 7.15: support personnel supervision, written policy, permitted and barred activities, limited information sharing, and purchase-agreement presentation; checked 2026-04-30.
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Related Topics & Key Terms
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Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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