Agency
In Iowa, when a listing broker's salesperson represents the buyer, this situation may be handled as:
AA prohibited conflict of interest requiring license surrender
BA disclosed dual agency with written consent from both parties
CA designated agency where different agents represent each party
DEither B or C with appropriate disclosure and consent✓ Correct
Explanation
When a salesperson from the listing brokerage wants to represent the buyer, Iowa permits this through either disclosed dual agency (with written consent) or designated agency (where different agents within the brokerage are designated to represent each party).
Related Iowa Agency Questions
- A seller's agent accidentally learns that the buyer is willing to pay significantly more than the offered price. What should the agent do?
- In Iowa, a buyer's agent who learns the buyer's maximum budget 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:
- In Iowa, when a seller's agent shows the buyer a home and the buyer asks the agent what the seller will accept, the agent should:
- An Iowa buyer's agent who helps the buyer draft an offer is performing which type of service?
- Iowa's exclusive agency listing agreement differs from an exclusive right-to-sell because:
- Iowa allows a seller to instruct their listing agent in writing not to present offers below a specified price. This instruction:
- In Iowa, a seller's agent must present all offers to the seller UNLESS:
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