Iowa Administrative Code

by the commission’s authorized representative. 2003.2(1) Testing service. The commission will negotiate an agreement with a testing service relating to examination development, test scheduling, examination sites, grade reporting and analysis. The commission approves the form, con…

submit to the commission a completed application, license fee, proof of required education, and test score reports not later than the last working day of the sixth calendar month following the qualifying real estate examination. As required by Iowa Code section 543B.15(9), the co…

2003.4(1) To renew a license in active status, each broker or broker associate completes a minimum of 36 hours of approved programs, courses or activities. Licensees who complete continuing education hours in excess of the requirements for renewal may apply up to 50 percent of th…

broker, a broker renews a real estate license before the expiration date of the license. Brokers who fail to renew a real estate license before expiration are not authorized to practice as real estate brokers in Iowa. Termination of a broker’s authority to practice real estate in…

employed by or otherwise associated with a real estate broker or firm is a “salesperson” as defined in Iowa Code section 543B.5(20) and rule 481—2002.1(543B). 2004.1(1) An original application for a salesperson license cannot be issued to inactive status. 2004.1(2) If the license…

conducted by the commission or its authorized representative. 2004.2(1) Testing service. The commission will negotiate an agreement with a testing service relating to examination development, test scheduling, examination sites, grade reporting and analysis. The commission will ap…

examination and applies for a license must file with the commission a completed application with license fee, proof of required education, and test score report not later than the last working day of the sixth calendar month following the qualifying real estate examination. As re…

2004.4(1) As a requirement of license renewal in active status, each salesperson completes a minimum of 36 hours of approved programs, courses or activities. Licensees who complete continuing education hours in excess of the requirements for renewal may apply up to 50 percent of …

salesperson must renew a real estate license before the expiration date of the license. Salespersons who fail to renew a real estate license before expiration are not authorized to practice as real estate salespersons in Iowa. 2004.5(1) Application forms. Applications for renewal…

who fails to renew or fails to file a complete renewal application form by midnight January 30 of the first year following expiration may reinstate the license within three years of expiration by submitting a complete and sufficient application accompanied by the regular renewal …

[ARC 7767C, IAB 4/17/24, effective 5/22/24; Editorial change: IAC Supplement 6/10/26]

nonresident of this state may be licensed as a real estate broker or a real estate salesperson upon complying with all the provisions and conditions of Iowa Code chapter 543B and commission rules relative to resident brokers or salespersons. 2005.1(1) A person licensed in another…

disciplined, suspended or revoked by any other state or jurisdiction, that disciplinary action will be considered prima facie evidence of violation of Iowa Code section 543B.29 or 543B.34 or both, and a hearing may be held to determine whether similar disciplinary action should b…

qualify for an Iowa salesperson or broker license through verification by making application as provided in rule 481—501.1(272C). In addition to all requirements provided by rule 481—501.1(272C), an applicant for a license through verification shall also submit to the commission …

reciprocal licensing agreement or memorandum applies on forms provided by the commission under Iowa Code section 543B.16. The application includes but is not limited to a certification of license from the state of original licensure containing all information required by Iowa Cod…

or broker in a state or jurisdiction which does not have a reciprocal licensing agreement or memorandum with Iowa, or an applicant who does not qualify for reciprocal licensing, may be issued a comparable Iowa license by passing the real estate examination under the following cir…

543B.21, enter into specific written reciprocal licensing agreements or memorandums with other individual states or jurisdictions having similar licensing criteria and grant an Iowa license to licensees from those states or jurisdictions on the same basis as Iowa licensees are gr…

broker or salesperson license issued by examination apply to a license issued by reciprocity. Continuing education reciprocity is specifically provided for in the reciprocal license agreement or memorandum, or in a separate reciprocal continuing education agreement or memorandum.…

estate broker license or salesperson license issued by examination apply to a license issued by reciprocity. 2005.6(1) Starting over. A broker or salesperson who fails to file a complete application to reinstate an expired license by midnight December 31 of the third year followi…

licensure in Iowa shall qualify for and obtain a license pursuant to Iowa Code section 543B.2(2) and rule 481—2007.1(543B). 2005.7(1) If the applicant is a broker associate or salesperson of a nonresident broker, the nonresident employing broker must have an Iowa broker license. …

accompanied by an executed irrevocable written consent to suits and actions at law or in equity as provided in Iowa Code section 543B.23. [ARC 7767C, IAB 4/17/24, effective 5/22/24; Editorial change: IAC Supplement 6/10/26]

continuing education unless a separate education agreement is in place between Iowa and the nonresident state or jurisdiction. [ARC 7767C, IAB 4/17/24, effective 5/22/24; Editorial change: IAC Supplement 6/10/26]

affiliated broker or the licensee terminates the employment or association with the affiliated broker, the licensee immediately ceases all activities that need an active real estate license until such time as a new affiliated broker makes written request for the license and the l…

license are made on the necessary electronic application for license transfer available from the commission. The license transfer application is only used for transferring the license from the affiliated broker to a new affiliated broker. This transfer application is only to be u…

2007.1(1) Every Iowa resident real estate firm or self-employed broker maintains an office as provided in Iowa Code section 543B.31. A nonresident Iowa real estate broker or firm is not obligated to maintain a definite place of business within Iowa as provided in Iowa Code sectio…

circumstances, together with the education and experience of licensed and unlicensed employees and independent contractors, is considered when determining whether or not the designated broker has met the supervisory responsibilities as set forth by Iowa Code section 543B.62(3)“b.…

supervision of any salesperson or broker associate employed by or otherwise associated with the broker as a representative of the broker. The existence of an independent contractor relationship or any other special compensation arrangement between the broker and the salesperson o…

to consider or conduct hearings involving disputes over fees or compensation between cooperating brokers, salespersons, and other brokers. 2007.12(1) A former employing or affiliated broker may pay compensation directly to a broker associate or salesperson who is presently assign…

licensee affiliated with a broker engages support personnel to assist the affiliated licensee in the activities of the real estate brokerage business, both the firm or designated broker and the affiliated licensee are responsible for supervising the acts or activities of the supp…

support personnel may, on behalf of the employer licensee, provide information concerning the sale, exchange, purchase, or advertising of real estate only to another licensee. Support personnel provides information only to another licensee that has been provided to the personnel …

listing broker or listing agent are promptly presented to the seller for formal acceptance or rejection. The formal acceptance or rejection of the offer is promptly communicated to the prospective buyers. Unless there is written agreement between the seller and the listing broker…

2007.2(1) Partnerships, associations, and corporations are obligated to obtain a license before acting as a real estate broker. Failure of a broker to inform the commission in writing, electronic or otherwise, within five working days that the broker has formed a new partnership,…

2007.3(1) As of the effective date of a suspended or revoked license, the licensee cannot engage in any activity that needs a real estate license as defined in Iowa Code chapter 543B. 2007.3(2) When a sole-proprietor broker, corporation or partnership license is suspended or revo…

means “real estate broker or real estate salesperson” as defined in Iowa Code chapter 543B. A licensee participating in any of the practices described in this rule is deemed to be engaging in unethical conduct and a practice harmful or detrimental to the public within the meaning…

licensee from a lender or financing company for the referral or steering of a client to the lender for a loan is considered not in the best interest of the public and constitutes a violation of Iowa Code sections 543B.29(3) and 543B.34(8). [ARC 7769C, IAB 4/17/24, effective 5/22/…

selling of certificates, chances or other devices, whereby the purchaser is to receive property to be selected in an order to be determined by chance or by some means other than the order of prior sale, or whereby property more or less valuable will be secured according to chance…

buyer and accepted by a seller, either party may demand at reasonable intervals and the broker furnishes a detailed statement showing the current status of the transaction. [ARC 7769C, IAB 4/17/24, effective 5/22/24; Editorial change: IAC Supplement 6/10/26]

licensee cannot act in a transaction on the licensee’s own behalf, on behalf of the licensee’s immediate family, or on behalf of the brokerage, or on behalf of an organization or business entity in which the licensee has an interest, unless the licensee provides written disclosur…

arrangement or relationship with any provider of settlement services, as defined below, and directly or indirectly refers business to that provider or affirmatively influences the selection of that provider discloses the arrangement and any financial interest to the person whose …

closing of a real estate brokerage firm. The individual broker or the designated broker: 2008.1(1) Notifies the commission via electronic application upon closing the firm. The following information may be included: a. The date the firm closed or will close; b. The location where…

a sole-proprietor broker in which the affairs of the broker cannot be carried on, the following steps are necessary for closing the real estate brokerage business: 2008.2(1) All licensees associated with the broker cease all brokerage activity until their licenses have been trans…

2008.3(1) In the event of an involuntary closing of a brokerage firm as a result of the death or incapacity of one or more of the licensed broker officers, broker partners or broker associates of a real estate corporation, partnership or association in which the affairs of the br…

2009.1(1) Original license or renewal. Broker license $170 Additional officer or partner license $50 Firm license $170 Branch office license $50 Trade name license $50 Salesperson license $125 2009.1(2) Fee for renewal of broker and salesperson license between January 1 and Janua…

2009.2(1) Fees remitted with an application for license will be refunded if the commission finds the applicant is not qualified for a license. 2009.2(2) Fees will not be refunded for the unexpired term of a license that has been issued and is in effect. 2009.2(3) A fee remitted i…

prevailing rate established by contract between the commission and the testing service. [ARC 7771C, IAB 4/17/24, effective 5/22/24; Editorial change: IAC Supplement 6/10/26] These rules are intended to implement Iowa Code section 543B.27. [Filed 8/9/02, Notice 6/26/02—published 9…

in a manner indicating that the offer is being made by a private party not engaged in the real estate business, and no real estate advertisement can show only a post office box number, telephone number or street address. Every licensee, when advertising real estate, will use the …

advertising under their own names unless they are the owners of the property they are advertising for sale, rent, lease or exchange, and on which no brokerage fees are to be paid. The sale is completely a “for sale by owner” transaction. The property cannot be listed or advertise…