Iowa License Law
An Iowa real estate brokerage that operates as a limited liability company (LLC) must ensure that:
AAll LLC members hold broker licenses
BA licensed qualifying broker is designated who takes responsibility for all real estate activities✓ Correct
CThe LLC is registered with the Iowa Secretary of State only
DSalespersons cannot be affiliated with an LLC brokerage
Explanation
An LLC brokerage must designate a qualifying broker who holds an Iowa broker license and is responsible for all real estate activities conducted under the LLC's brokerage license.
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