Agency
An Iowa salesperson shows a buyer homes listed by other brokerages without a written buyer agency agreement. What agency relationship likely exists?
AThe salesperson is the buyer's agent
BThe salesperson is acting as a dual agent
CThe salesperson is a subagent of the listing broker✓ Correct
DNo agency relationship exists
Explanation
Without a buyer agency agreement, the salesperson showing another broker's listing may be acting as a subagent of the seller through the listing broker, owing fiduciary duties to the seller.
Related Iowa Agency Questions
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- In Iowa, which document must be provided to a buyer at first substantive contact with a buyer's agent?
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