Agency
What is a designated agency in Iowa?
AWhen a broker designates one agent to represent the seller and another to represent the buyer within the same brokerage✓ Correct
BWhen the IREC designates a neutral agent for a disputed transaction
CWhen a court-appointed receiver acts as agent
DWhen both agents must be from different brokerages
Explanation
Designated agency allows a broker to appoint separate agents within the same brokerage to represent the buyer and seller, reducing the conflicts of dual agency while keeping the transaction in-house.
Related Iowa Agency Questions
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