Iowa License Law
Under Iowa Code Chapter 543B, a person who acts as a real estate broker without a license is subject to:
AOnly a warning letter from the IREC
BCivil penalty and possible criminal prosecution for unlicensed practice✓ Correct
COnly a $250 fine
DMandatory license enrollment
Explanation
Unlicensed practice of real estate in Iowa is a serious violation. Violators may face civil penalties and possible criminal prosecution under Iowa Code Chapter 543B.
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