Agency
An Iowa licensee who represents a seller but deals honestly and fairly with an unrepresented buyer is acting as:
AA dual agent
BA buyer's agent
CA seller's agent providing ministerial acts to the buyer✓ Correct
DA transaction broker
Explanation
A seller's agent may provide ministerial acts (providing factual information, showing property, etc.) to an unrepresented buyer without creating an agency relationship with the buyer, so long as the licensee discloses their representation.
Related Iowa Agency Questions
- Iowa requires that real estate licensees present all written offers to the seller promptly. 'Promptly' is BEST defined as:
- When does an agency relationship most commonly terminate in Iowa?
- An Iowa real estate agent who has a personal financial interest in a property they are selling to a client must:
- A buyer's agent in Iowa has a fiduciary duty of loyalty to their buyer client, which means:
- A buyer's agent in Iowa who discovers a material defect in the property during a showing must:
- Which document in Iowa formally creates the buyer agency relationship between a buyer and a brokerage?
- Which of the following would NOT terminate an Iowa listing agreement?
- In Iowa, a buyer's agency agreement is:
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