An Iowa salesperson asks about the broker and owner plan how management can end. What is the best answer?
Correct Answer
B) The agreement must include terms and conditions for termination by the broker or owner
Iowa Administrative Code 193E-15.1 requires termination terms in the property management agreement. 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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