Commissioner Patricia's term on the Iowa Real Estate Commission is expiring. Under Iowa Code Chapter 543B, how are IREC commissioners appointed, and who confirms their appointment?
Correct Answer
B) Commissioners are appointed by the Iowa Governor and confirmed by the Iowa Senate
Under Iowa Code § 543B.3, the seven members of the Iowa Real Estate Commission are appointed by the Governor of Iowa and are subject to confirmation by the Iowa Senate. This is the standard appointment process for members of Iowa's professional licensing commissions.
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Related Topics & Key Terms
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Related Concepts
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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