Iowa License Law
Iowa's designated broker of record for a real estate company is responsible for:
APersonal liability for the company's debts
BSupervising all licensed activities performed under the company's license, maintaining records, and ensuring compliance✓ Correct
CSigning all purchase agreements personally
DAttending all closings for affiliated salespersons
Explanation
The designated broker is legally responsible for all licensed activities carried out under the brokerage's license, including supervising affiliated licensees, maintaining proper records, managing trust accounts, and ensuring compliance with Iowa Code Chapter 543B.
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