Agency
Iowa law requires that a dual agency disclosure be:
AVerbal and informal
BMade in writing and signed by all parties acknowledging and consenting to the dual agency✓ Correct
CApproved by the Iowa Real Estate Commission before the transaction proceeds
DDisclosed to the seller only
Explanation
Iowa requires that dual agency be disclosed in writing and that both the buyer and seller consent to the arrangement in writing. Without informed written consent, dual agency is a violation of Iowa license law.
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