Agency
In Iowa, which party does the cooperating broker represent when accepting a blanket offer of subagency through the MLS?
AThe buyer
BThe seller (through the listing broker's subagency offer)✓ Correct
CNeither party — as a transaction broker
DBoth parties equally
Explanation
When a cooperating broker accepts a blanket offer of subagency, they become a subagent of the listing broker and represent the seller's interests, even while working with the buyer. Iowa requires disclosure of this relationship to the buyer.
Related Iowa Agency Questions
- Iowa's listing agent who sells a property more quickly than expected by disclosing the buyer's willingness to pay more than the offer price has:
- Under Iowa law, an agent may act as a dual agent representing both the buyer and seller if:
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- In Iowa, a transaction broker:
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