Agency
The fiduciary duty of 'obedience' requires a licensee to:
AFollow all client instructions including those that are illegal
BFollow all lawful instructions of the client, even if the agent disagrees✓ Correct
CObey instructions from the Iowa Real Estate Commission above those of the client
DFollow the instructions of the other party's agent
Explanation
The duty of obedience requires an agent to follow all lawful instructions of their client. However, an agent is never required to follow instructions that violate the law, including fair housing laws or license law.
Related Iowa Agency Questions
- An Iowa agent who discloses a buyer's motivation (that the buyer must buy quickly due to a job transfer) to the seller's agent is:
- 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 and is being paid a commission by the listing broker is:
- Iowa's exclusive right-to-sell listing agreement provides the listing broker with:
- An Iowa buyer's agent owes all of the following FIDUCIARY duties EXCEPT:
- Under Iowa agency law, a seller's agent owes which duty to the buyer?
- When a seller's agent presents an offer to the seller, the agent's duty of loyalty requires them to:
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