Agency
In Iowa, a seller's agent must present all offers to the seller UNLESS:
AThe offer is below the asking price by more than 10%
BThe seller has given written instructions not to present certain types of offers✓ Correct
CThe offer was made verbally
DThe buyer is not preapproved for financing
Explanation
Iowa law requires agents to present all offers to the seller promptly. The only exception is when the seller has given written instructions specifying criteria for offers that need not be presented (e.g., 'don't present offers below $X'). Even then, careful documentation is required.
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