Updated April 23, 2024
An Iowa real estate agent listing agreement initiates a professional relationship between a seller of real estate and their designated agent. By signing the agreement, the seller grants the agent the right to manage the real estate transaction and to redeem any commission earned from the sale. The agreement will mention both a beginning and expiration date in which the agent can find a suitable buyer. Sellers will often pay the agent a commission in the form of a percentage of the total sales price. Therefore, it is best for the agent to request an agreement term lasting long enough for them to find a buyer who can purchase the home at the highest price possible, thus providing the agent with the higher commission rate.
Agency Disclosure Form – A document identifying the party, or parties, that will be represented by the agent in the real estate transaction. The disclosure must be signed by the agent and client(s) before making or signing a purchase agreement.[1]
Dual Agency – Legal in Iowa. An agent may act as a dual agent if they have a written company policy that includes a dual agency provision and if the agent obtains the written permission of each party involved in the transaction.[2]
Property Disclosure Statement – Sellers of residential property must fill out this disclosure to report the material condition of their property. The disclosure must be completed by the seller and presented to interested buyers prior to making or accepting a written offer to purchase.[3][4]
Search a Licensee – Verify an Iowa real estate agent’s status by searching for their information on the Professional Licensing webpage.
Realtor Version
Southwest Iowa Association of Realtors (Revised 04/2011) – MS Word