Iowa License Law
The Iowa Real Estate Commission has authority to do all of the following EXCEPT:
AInvestigate complaints against licensees
BSuspend or revoke a real estate license
CEstablish the commission rates licensees may charge✓ Correct
DAdopt rules governing real estate practice in Iowa
Explanation
The Iowa Real Estate Commission does NOT have authority to set or regulate the commission rates licensees may charge. Commission rates are negotiable between parties. Setting rates would constitute price-fixing, which is illegal under antitrust law.
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