Agency
Iowa's buyer's agent must inform the buyer of which material fact if discovered during the agency?
AThe seller's asking price in a prior transaction
BEnvironmental contamination known to affect the property's value or desirability✓ Correct
CThe racial composition of the surrounding neighborhood
DThe seller's motivation for moving
Explanation
An Iowa buyer's agent must disclose material facts that could affect the buyer's decision to purchase or the price they would pay, including known environmental contamination affecting the property. The buyer's agent must not withhold information that harms the buyer.
Related Iowa Agency Questions
- In Iowa, when a listing broker's salesperson represents the buyer, this situation may be handled as:
- An agent who represents a buyer discovers the property has a cracked foundation that is not visible. The agent's duty to disclose this defect to the buyer is:
- In an open listing, the seller agrees to pay a commission to:
- In Iowa, which of the following BEST describes the agent's duty of reasonable care?
- When does an agency relationship most commonly terminate in Iowa?
- Iowa's duty of confidentiality in an agency relationship prohibits a buyer's agent from disclosing to the seller:
- In Iowa, a property manager who represents the owner in leasing negotiations has which type of agency relationship with the tenant?
- When a seller's agent presents an offer to the seller, the agent's duty of loyalty requires them to:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →