In Iowa, the Commission issues a formal but less severe sanction. Which statement is correct?
Correct Answer
A) The Commission may issue a reprimand
Iowa Administrative Code 193E-18.14 lists a reprimand as a disciplinary sanction. Source basis: Iowa Administrative Code 193E-18.2 and 193E-18.14, plus 193E-21.1/21.2 for unlicensed practice: grounds, investigations, sanctions, civil penalties, voluntary surrender, and unlicensed-person enforcement; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
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