Under Iowa law, a listing agent must present to the seller:
Correct Answer
B) All offers received, regardless of price or terms
Iowa law requires a listing agent to present all offers to the seller promptly, regardless of price, terms, or the buyer's financing status. It is the seller's right — not the agent's — to decide which offers to accept, reject, or counter. Withholding or filtering offers would be a breach of the agent's fiduciary duty.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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