Agency
Iowa law requires that the agency disclosure form used at first substantive contact must be:
APrepared by the Iowa Real Estate Commission and identical for all brokerages
BSigned by the consumer to acknowledge receipt✓ Correct
CFiled with the county recorder
DApproved by an attorney before use
Explanation
Iowa law requires the consumer to sign the agency disclosure form to acknowledge receipt. The signed copy is retained by the brokerage as part of the transaction record.
Related Iowa Agency Questions
- Iowa's duty of confidentiality in an agency relationship prohibits a buyer's agent from disclosing to the seller:
- When an Iowa salesperson leaves their employing broker without giving notice, the employing broker may:
- The Iowa seller's disclosure form must be provided to the buyer:
- In Iowa, a transaction broker:
- Which document in Iowa formally creates the buyer agency relationship between a buyer and a brokerage?
- An Iowa agent who represents a buyer discovers the buyer plans to use the property for an illegal purpose. The agent should:
- Iowa law requires agency disclosure when a licensee provides real estate services to a consumer in which relationship?
- Under Iowa law, which of the following is a disclosed dual agency situation?
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