An Iowa salesperson asks about a property owner authorizes management authority. What is the best answer?
Correct Answer
D) The agreement must state the terms and conditions and the powers and authority given to the broker
Iowa Administrative Code 193E-15.1 requires the agreement to state management terms, conditions, powers, and authority. 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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