Agency
Under Iowa law, a subagent who assists a buyer may owe fiduciary duties to:
AThe buyer who the agent is assisting
BThe listing broker and seller✓ Correct
CThe Iowa Real Estate Commission
DNo party in the transaction
Explanation
A subagent works through the listing broker and ultimately represents the seller, even while assisting the buyer. The subagent owes fiduciary duties to the seller through the listing broker.
Related Iowa Agency Questions
- The fiduciary duty of 'obedience' requires a licensee to:
- In Iowa, a seller who discovers their listing agent failed to disclose a material defect to a buyer may:
- When does an agency relationship most commonly terminate in Iowa?
- Dual agency in Iowa occurs when:
- Iowa's 'ministerial acts' that a licensee may perform for an unrepresented party without creating an agency relationship include:
- An Iowa buyer's agent owes all of the following FIDUCIARY duties EXCEPT:
- An Iowa seller's agent who negotiates on behalf of the seller while an unrepresented buyer negotiates alone owes which duty to the buyer?
- 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:
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