Agency
In Iowa, a property manager who represents the owner in leasing negotiations has which type of agency relationship with the tenant?
AFiduciary relationship
BLimited duty relationship (honest dealing, disclosure of material facts, but not advocacy)✓ Correct
CDual agency
DNo legal relationship
Explanation
The property manager represents the owner. To the tenant, the manager owes limited duties of honesty, fair dealing, and disclosure of material facts about the property, but not the full fiduciary duties owed to the owner.
Related Iowa Agency Questions
- The duty of 'accounting' in an agency relationship requires the agent to:
- Iowa's listing agent who also finds the buyer for the listed property without disclosure creates:
- An Iowa agent who represents a buyer and is being paid a commission by the listing broker is:
- An agent's duty to disclose material facts applies to:
- When an Iowa salesperson leaves their employing broker without giving notice, the employing broker may:
- A seller instructs their Iowa listing agent to tell buyers there are no foundation problems, even though the agent knows there are cracks. The agent should:
- In Iowa, when a seller's agent is contacted by a buyer asking for information about the seller's asking price flexibility, the agent should:
- An Iowa salesperson shows a buyer homes listed by other brokerages without a written buyer agency agreement. What agency relationship likely exists?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →