Iowa Code 543B.58 – Licensees representing more than one client in a transaction
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Terms Used In Iowa Code 543B.58
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
543B.58 Licensees representing more than one client in a transaction.
1. A licensee shall not be the agent for both a buyer and a seller to a transaction without
obtaining the written consent of both the buyer and the seller. The written consent shall state that the licensee has made a full disclosure of the type of representation the licensee will provide. The consent to multiple representation shall contain a statement of the licensee’s duties under § 543B.56, subsection 1, a statement of the licensee’s duties to the client under § 543B.56, subsection 2, paragraphs “”b”” and “”c””, and a statement that the clients understand the licensee’s duties and consent to the licensee’s providing brokerage services to more than one client.
2. A consent to multiple representation may contain additional disclosures by the licensee or additional agreements between the licensee and the clients that do not violate any duty of a licensee under this chapter.
95 Acts, ch 17, §4
Referred to in §543B.56, 543B.61
1. A licensee shall not be the agent for both a buyer and a seller to a transaction without
obtaining the written consent of both the buyer and the seller. The written consent shall state that the licensee has made a full disclosure of the type of representation the licensee will provide. The consent to multiple representation shall contain a statement of the licensee’s duties under § 543B.56, subsection 1, a statement of the licensee’s duties to the client under § 543B.56, subsection 2, paragraphs “”b”” and “”c””, and a statement that the clients understand the licensee’s duties and consent to the licensee’s providing brokerage services to more than one client.
2. A consent to multiple representation may contain additional disclosures by the licensee or additional agreements between the licensee and the clients that do not violate any duty of a licensee under this chapter.
95 Acts, ch 17, §4
Referred to in §543B.56, 543B.61