Agency
Iowa's agency disclosure form must be provided to all consumers. Who has the responsibility to provide this disclosure?
AThe Iowa Real Estate Commission directly
BThe real estate licensee before or at first substantive contact with the consumer✓ Correct
CThe MLS on behalf of all listed properties
DThe seller's attorney at closing
Explanation
The Iowa licensee (whether representing buyer, seller, or acting as a transaction broker) is responsible for providing the required agency disclosure form to consumers before or at first substantive contact regarding a specific transaction or property.
Related Iowa Agency Questions
- An Iowa seller tells their agent they are willing to accept $270,000 but listed at $285,000. The agent may:
- In Iowa, which type of agency relationship is created when an agent acts on behalf of a client without explicit authorization but under circumstances that reasonably imply authority?
- An agent's duty to disclose material facts applies to:
- The fiduciary duty of 'obedience' requires a licensee to:
- An Iowa agent who represents a buyer discovers the buyer plans to use the property for an illegal purpose. The agent should:
- Under Iowa agency law, a licensee acting as a transaction broker (non-agent) owes the consumer:
- In Iowa, a buyer's agent owes which of the following duties to their buyer-client?
- In Iowa, which party does the cooperating broker represent when accepting a blanket offer of subagency through the MLS?
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