Agency
Iowa law allows a buyer's agent to show the buyer properties listed with their own brokerage firm provided:
AThis is prohibited without a separate dual agency disclosure
BThe buyer is informed of the potential dual agency and provides written consent✓ Correct
COnly if the buyer waives all fiduciary duties
DOnly if a designated agency arrangement is in place
Explanation
When a buyer's agent shows listings held by their own brokerage firm, a dual agency situation may arise. Iowa law requires written informed consent from both the buyer and seller before the agent may proceed as a dual agent or in a designated agency capacity.
Related Iowa Agency Questions
- An Iowa licensee who is representing a buyer asks the seller's agent 'What is the lowest price your seller will accept?' The seller's agent:
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- 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:
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