Iowa License Law
Which of the following persons is NOT required to hold an Iowa real estate license?
AA person who negotiates commercial leases for a fee on behalf of a property owner
BAn attorney-in-fact acting under a power of attorney for a property owner in a single transaction✓ Correct
CA property manager who collects rents for a third-party owner for compensation
DA person who lists residential homes for a 3% commission
Explanation
An attorney-in-fact acting under a valid power of attorney for a principal in a single real estate transaction is exempt from Iowa's real estate license requirements when acting as the principal's representative, not as a professional agent for multiple clients.
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