Iowa License Law
Under Iowa law, a broker's fiduciary responsibility to their salesperson includes:
AGuaranteeing a minimum income for the salesperson
BProviding adequate supervision of the salesperson's activities✓ Correct
CTaking responsibility for all errors made by the salesperson personally
DPaying all the salesperson's professional development expenses
Explanation
Iowa law requires brokers to provide adequate supervision of the salespersons affiliated with their brokerage. The broker is responsible for the licensed activities performed by salespersons and may face disciplinary action if supervision is inadequate.
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