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Practice Of Real EstateBroker_responsibilitiesMEDIUM

An Iowa salesperson asks about a brokerage prepares CMAs, listing contracts, sales contracts, and client information. What is the best answer?

Correct Answer

D) Supervisory policies and practices for reviewing those materials are relevant to broker supervision

Iowa Administrative Code 193E-7.10 lists review of CMAs, listing contracts, sales contracts, and client/customer information as supervision factors. Source basis: Iowa Administrative Code 193E-7.7, 7.10, 7.11, 7.12, and 7.15: progress reports, designated broker supervision factors, salesperson/broker associate supervision, compensation controversies, and prompt presentation of offers; checked 2026-04-30.

Answer Options
A
The broker can avoid responsibility by labeling all affiliated licensees independent contractors.
B
The Commission treats every compensation dispute as a licensing disciplinary hearing.
C
Broker supervision is relevant only after a lawsuit is filed.
D
Supervisory policies and practices for reviewing those materials are relevant to broker supervision

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Related Topics & Key Terms

Related Topics:

ia.S11broker_responsibilities

Key Terms:

iowaia.S11broker_responsibilitiescontract-review
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