Iowa License Law
Under Iowa law, which of the following is a ground for license revocation or suspension?
AProperly disclosing all material defects
BCommingling client funds with personal funds✓ Correct
CPresenting all written offers to the seller
DCompleting continuing education on time
Explanation
Commingling client funds with personal funds is a serious violation of Iowa license law. Brokers are required to maintain separate escrow/trust accounts for client funds to avoid commingling.
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