Iowa License Law
Under Iowa law, when a broker closes their brokerage, what must happen to current listings?
AAll listings automatically transfer to affiliated salespersons
BThe broker must notify clients and the listings may be terminated or transferred with client consent✓ Correct
CThe Iowa Real Estate Commission takes over the listings
DAll listings remain valid for their full term regardless
Explanation
When a brokerage closes, the qualifying broker must notify all clients. Listings may be terminated or transferred to another brokerage with the seller's written consent.
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