Iowa Code 558A.5 – Agency
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 558A.5
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
558A.5 Agency.
1. A person other than a broker or salesperson acting in the capacity of an agent in the
transfer of real property shall not be deemed to be an agent of the transferor or transferee for purposes of this chapter, unless the person is granted powers of attorney or is empowered as an agent, as expressly provided in writing, and is subject to any other applicable requirements as provided by law.
2. A broker or salesperson representing the transferor shall deliver the disclosure statement to the transferee as required in § 558A.2, unless the transferor or transferee has instructed the broker or salesperson otherwise in writing.
93 Acts, ch 30, §7
1. A person other than a broker or salesperson acting in the capacity of an agent in the
transfer of real property shall not be deemed to be an agent of the transferor or transferee for purposes of this chapter, unless the person is granted powers of attorney or is empowered as an agent, as expressly provided in writing, and is subject to any other applicable requirements as provided by law.
2. A broker or salesperson representing the transferor shall deliver the disclosure statement to the transferee as required in § 558A.2, unless the transferor or transferee has instructed the broker or salesperson otherwise in writing.
93 Acts, ch 30, §7