Iowa Real Estate Practice Exam

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What should a bolker do before advertising with a FOR SALE sign?

Obtain the property owner's written permission
Verify local zoning laws
Assess the condition of the property
Calculate the sale price

The correct answer is: Obtain the property owner's written permission

Before advertising a property with a FOR SALE sign, obtaining the property owner's written permission is essential. This ensures that the broker is acting lawfully and ethically, respecting the rights of the property owner. Without this permission, the broker may be trespassing on the owner's rights, which could lead to legal ramifications and a breakdown of trust between the owner and the broker. While verifying local zoning laws, assessing the condition of the property, and calculating the sale price are all important steps in the selling process, they should not precede obtaining the owner's consent to list the property. Notification and authorization from the owner are foundational to establishing a legitimate and productive brokerage relationship. Failure to secure this permission could result in issues that overshadow the importance of those other tasks.