Agency
A buyer's agent in Iowa has a fiduciary duty of loyalty to their buyer client, which means:
AThe agent puts the buyer's interests above the interests of any other party, including the agent's own interests✓ Correct
BThe agent must find the buyer the least expensive property possible
CThe agent must disclose all of the buyer's financial information to the seller
DThe agent can never show the buyer a property listed by their own brokerage
Explanation
Loyalty means the agent places the client's interests above all others, including the agent's personal financial interests. The agent must not let self-interest conflict with the client's best interests.
Related Iowa Agency Questions
- Under Iowa agency law, a seller's agent owes which duty to the buyer?
- An Iowa licensee who is representing a buyer asks the seller's agent 'What is the lowest price your seller will accept?' The seller's agent:
- In Iowa, a buyer who has not signed a buyer agency agreement is BEST described as a:
- In Iowa, a property manager who represents the owner in leasing negotiations has which type of agency relationship with the tenant?
- Iowa's 'ministerial acts' that a licensee may perform for an unrepresented party without creating an agency relationship include:
- An Iowa real estate agent who has a personal financial interest in a property they are selling to a client must:
- Iowa law requires agency disclosure when a licensee provides real estate services to a consumer in which relationship?
- In Iowa, which party pays the real estate commission in most residential transactions?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →