License required - Exemption

It is unlawful and shall be deemed a Class D3 felony offense for any person to transact business in this state as an agent unless the person has obtained a real estate broker's or real estate sales associate's license from this state, provided that the provisions of this section shall not apply to a person whose dealings relate solely to property exempt under Section 622 of this title or to transactions exempt under Section 623 of this title. Added by Laws 1977, c. 95, § 631. Amended by Laws 1988, c. 108, § 25, eff. Nov. 1, 1988; Laws 2022, c. 78, § 6, eff. Nov. 1, 2022; Laws 2025, c. 486, § 753, eff. Jan. 1, 2026.