1624 220th Street - Manchester, Iowa
(located at Manchester Livestock Auction)
Marvin Waterhouse - Real Estate Broker 563 920-0361
David Waterhouse - Real Estate Sales Person 563 920-2082
563 927-3660

Dual Agency Real Esate Agreement

  1. Waterhouse Realty & Auctioneers shall not knowingly say anything or do anything which might place one party at a disadvantage, disclose personal confidences of one party to the other party, or any other information a party specifically instructs Waterhouse Realty & Auctioneers in writing not to disclose, unless disclosure is required by law.

  2. Waterhouse Realty & Auctioneers shall not, without the prior express written consent of the owner, disclose to the buyer that the owner might accept a price less than the listing price, nor shall Waterhouse Realty & Auctioneers, without the prior express written consent of the buyer, disclose to the owner that the buyer may be willing to pay a higher price, or accept terms less favorable to the buyer than those indicated in the buyer's offer.

  3. Waterhouse Realty & Auctioneers shall not represent the interests of either the owner or the buyer to the detriment of the other party. Waterhouse Realty & Auctioneers is obligated to inform each party of all facts known to Waterhouse Realty & Auctioneers which would affect the party's decision to permit Waterhouse Realty & Auctioneers to represent both the owner and the buyer.

  4. Regardless of representation, Waterhouse Realty & Auctioneers shall: Disclose all known adverse material facts about the property which could affect the buyer's use or enjoyment of the property; disclose information which could have a material impact on either party's ability to fulfill their obligations under the purchase agreement; respond honestly and accurately to questions concerning the property; and, deal honestly and fairly with all parties.

The duties of Waterhouse Realty & Auctioneers in the real estate transaction do not relieve the owner or buyer from the responsibility to protect their own interests; therefore, all pertaining documents should be read carefully to assure that they adequately express understanding of the transaction. Further, should owner or buyer have questions regarding the duties and responsibilities of Waterhouse Realty & Auctioneers, owner or buyer should resolve those questions before signing this agreement.

Waterhouse Realty & Auctioneers
1624 220th Street Manchester, Iowa Marvin Waterhouse, Broker