Agency
In Iowa, if a buyer's offer is rejected by the seller, the seller's agent must:
ACommunicate the rejection to the buyer in a timely manner✓ Correct
BOnly tell the buyer's agent after 24 hours
CKeep the rejection confidential
DNotify the IREC of the failed transaction
Explanation
An agent has a duty to communicate promptly with clients and parties. The seller's agent must communicate the rejection to the buyer's agent or buyer in a timely manner.
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