Iowa License Law
An Iowa broker collects a commission from both the buyer and seller without full disclosure and consent. This is:
AA permissible double commission
BA violation of Iowa license law requiring disclosure of all compensation✓ Correct
CLegal if the total commission is reasonable
DOnly prohibited in residential transactions
Explanation
Iowa license law requires licensees to disclose all sources of compensation to all parties. Collecting undisclosed compensation from both parties violates the duty of disclosure and Iowa license law.
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