Iowa License Law
Iowa's real estate commission structure must comply with federal antitrust laws, which means:
AAll brokers must charge the same commission rate
BCommission rates are negotiable and cannot be fixed or standardized by industry agreement✓ Correct
CThe IREC sets minimum commission rates
DCommission rates are set by the National Association of REALTORS®
Explanation
Federal antitrust laws (Sherman Act) prohibit price-fixing among competitors. Real estate commission rates must be negotiable and individually set between brokers and clients; industry-wide rate-setting is illegal.
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