Agency
Iowa law requires agency disclosure when a licensee provides real estate services to a consumer in which relationship?
AOnly when acting as a buyer's agent
BIn any real estate transaction where the licensee is providing services to a consumer, regardless of agency role✓ Correct
COnly when a written listing agreement exists
DOnly in commercial transactions
Explanation
Iowa's agency disclosure requirements apply whenever a real estate licensee provides services to a consumer, whether as a buyer's agent, seller's agent, dual agent, or transaction broker. The required disclosure form must be provided before or at first substantive contact.
Related Iowa Agency Questions
- Iowa law requires the agency disclosure be provided to consumers at first substantive contact. 'Substantive contact' typically means:
- Iowa's exclusive agency listing agreement differs from an exclusive right-to-sell because:
- A 'designated agency' arrangement in Iowa means:
- The Iowa seller's disclosure form must be provided to the buyer:
- A buyer's agent in Iowa has a fiduciary duty of loyalty to their buyer client, which means:
- An Iowa agent who represents a buyer discovers the buyer plans to use the property for an illegal purpose. The agent should:
- In Iowa, can a broker pay a referral fee to an unlicensed individual who refers a client?
- Iowa's 'ministerial acts' that a licensee may perform for an unrepresented party without creating an agency relationship include:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →