When an Iowa licensee transfers to a new sponsoring broker, what must the licensee do?
Correct Answer
B) Notify the Iowa Real Estate Commission (IREC) of the change
Under Iowa law, when a licensee changes their sponsoring broker, they must notify the Iowa Real Estate Commission (IREC) of the transfer. The licensee may not practice under the new broker until the transfer has been properly recorded with IREC. No exam retake, waiting period, or additional education is required solely for a broker transfer.
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