Agency
In Iowa, a subagency relationship arises when:
AA salesperson works under a broker
BA broker representing the seller cooperates with another broker who also represents the seller's interests✓ Correct
CTwo buyers' agents split a commission
DAn attorney represents both parties at closing
Explanation
Subagency occurs when a cooperating broker accepts an offer of subagency from the listing broker and represents the seller's interests while working with a buyer. Iowa licensees must disclose subagency relationships to buyers.
Related Iowa Agency Questions
- When a seller's agent presents an offer to the seller, the agent's duty of loyalty requires them to:
- Iowa's exclusive right-to-sell listing agreement provides the listing broker with:
- In Iowa, a transaction broker:
- Iowa's listing agent who also finds the buyer for the listed property without disclosure creates:
- An Iowa seller hires a listing agent, but the agent also shows the property to their own buyer client. This creates a potential:
- An exclusive right-to-sell listing guarantees the listing broker a commission if the property sells during the listing period:
- Under Iowa law, which of the following is a disclosed dual agency situation?
- Iowa's agency disclosure requirements mandate that a licensee provide the agency disclosure form to a consumer:
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