agency

Specific Assistance and Agency Disclosure (Iowa)

Under Iowa Code 543B.57, a licensee must disclose whom the licensee represents verbally before providing specific assistance, meaning eliciting confidential information about a party's needs, motivation, or finances, or discussing a proposed offer on a specific property. Open house showings, preliminary talk about price range and style, and general factual questions are not specific assistance. A written disclosure, acknowledged by separate signatures, must follow before any offer is made or accepted, and is kept five years.