Iowa Real Estate Practice Exam

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Study for the Iowa Real Estate Exam. Utilize flashcards and multiple-choice questions, complete with hints and explanations for each query. Prepare effectively for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When the listing agreement with a seller expired and the seller listed with a different brokerage firm, what can the original listing agent not disclose?

Fees charged during the original listing
Offers received on the property while listed with the original agent
Agent's personal opinions about the property
Information on other interested buyers

The correct answer is: Offers received on the property while listed with the original agent

The correct choice is that the original listing agent cannot disclose offers received on the property while it was listed with them. This principle is rooted in confidentiality and loyalty obligations that agents owe to their clients. When an agent represents a seller, any offers received must be kept confidential unless the seller gives permission to share them. Once the listing agreement expires, the agent is no longer authorized to disclose this sensitive information without the former client's consent. The other options are not subject to the same confidentiality rules. Fees charged during the original listing, the agent's personal opinions about the property, and information on other interested buyers do not typically fall under the same level of confidentiality and can be shared or discussed after the listing agreement has ended. This maintains a fair competitive environment for the seller and other potential buyers in the market.