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.
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Terms Used In Iowa Code 558A.5

  • Agent: means an individual designated by a transferee to accept delivery of a disclosure statement from a transferor. See Iowa Code 558A.1
  • Broker: means a real estate broker licensed pursuant to chapter 543B. See Iowa Code 558A.1
  • 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
  • Salesperson: means a salesperson licensed pursuant to chapter 543B. See Iowa Code 558A.1
  • Transfer: means the transfer or conveyance by sale, exchange, real estate contract, or any other method by which real estate and improvements are purchased, if the property includes at least one but not more than four dwelling units. See Iowa Code 558A.1
  • Transferee: means a person who is acquiring real property as provided in an instrument containing the power to transfer real estate, including an instrument described in section 558. See Iowa Code 558A.1
  • Transferor: means a person who is transferring real property as provided in an instrument containing the power to transfer real estate, including an instrument described in section 558. See Iowa Code 558A.1
 2. A broker or salesperson representing the transferor shall deliver the disclosure statement to the transferee as required in section 558A.2, unless the transferor or transferee has instructed the broker or salesperson otherwise in writing.