Iowa License Law
An Iowa real estate licensee who also holds a mortgage broker license engages in both activities. They must:
AChoose one license and relinquish the other
BDisclose both roles and any potential conflicts of interest to clients✓ Correct
COperate both businesses under the same real estate brokerage
DObtain special IREC approval for dual licensing
Explanation
Holding multiple licenses (real estate and mortgage) is not prohibited, but the licensee must disclose both roles and any potential conflicts to all parties involved in a transaction.
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