Agency
In Iowa, which of the following BEST describes the agent's duty of reasonable care?
AThe agent must guarantee that the property has no defects
BThe agent must exercise the skill, care, and competence of a reasonably qualified real estate professional✓ Correct
CThe agent must personally inspect every aspect of the property
DThe agent must disclose their commission structure before showing any property
Explanation
The duty of reasonable care (sometimes called diligence) requires the agent to exercise the knowledge, skill, and care of a competent real estate professional. The agent is not a guarantor of the property's condition but must use professional judgment and competence.
Related Iowa Agency Questions
- Which fiduciary duty requires an Iowa agent to tell the client about all offers received on a property?
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- In Iowa, which of the following BEST describes a buyer's agent?
- A buyer's agent in Iowa who discovers a material defect in the property during a showing must:
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