Agency
In Iowa, an agent who fails to disclose a known material defect in a property may be found liable for:
ABreach of contract only
BFraud or misrepresentation✓ Correct
CViolation of fair housing law
DUnlicensed practice of law
Explanation
Concealing or failing to disclose known material defects constitutes fraudulent misrepresentation, exposing the agent to civil liability and potential license discipline by the IREC.
Related Iowa Agency Questions
- An Iowa broker learns of a material fact about a property during the listing appointment. The broker's duty to disclose this to a buyer applies:
- In Iowa, which type of agency relationship is created when an agent acts on behalf of a client without explicit authorization but under circumstances that reasonably imply authority?
- In Iowa, a buyer's agent owes which of the following duties to their buyer-client?
- In Iowa, a subagency relationship arises when:
- An Iowa seller's agent who negotiates on behalf of the seller while an unrepresented buyer negotiates alone owes which duty to the buyer?
- The Iowa seller's disclosure form must be provided to the buyer:
- Iowa's agency representation agreement with a buyer may be terminated by:
- Iowa's exclusive agency listing agreement differs from an exclusive right-to-sell because:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →