Agency
An Iowa buyer's agent who represents a buyer purchasing the agent's personally owned property must:
AImmediately terminate the agency relationship
BDisclose their ownership interest in writing and obtain the buyer's informed consent to proceed✓ Correct
CRefer the transaction to another agent
DObtain IREC approval before proceeding
Explanation
When an Iowa agent representing a buyer has a personal ownership interest in the property being considered, they must disclose this conflict of interest in writing. The buyer must provide informed consent to continue the agency relationship in this situation.
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