Iowa License Law
Iowa's real estate license law prohibits all of the following EXCEPT:
AMisrepresentation of a material fact
BAccepting compensation from both buyer and seller without informed consent
CNegotiating a commission that differs from the brokerage's standard rate✓ Correct
DCommingling trust funds with personal funds
Explanation
Commission rates in Iowa are not set by the IREC and are fully negotiable between clients and brokers. There is no standard or mandated commission rate. Misrepresentation, undisclosed dual compensation, and commingling are all prohibited.
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