Iowa License Law
In Iowa, 'net listing' agreements are:
ACommon and encouraged for their simplicity
BLegal but discouraged due to inherent conflicts of interest✓ Correct
CRequired for all commercial property sales
DThe most common type of listing in Iowa
Explanation
Net listings (where the broker keeps everything above a minimum price as commission) are legal in Iowa but strongly discouraged due to the inherent conflict of interest — the broker's financial interest conflicts with the obligation to get the highest price for the seller.
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