ARC# 2673B

REAL ESTATE COMMISSION [193E]
Notice of Intended Action

Pursuant to the authority of Iowa Code sections 543B.18 and 543B.27, the Real Estate Commission hereby proposes to amend Chapter 9, "Fees," Iowa Administrative Code.

The proposed amendment is intended to reduce license fees. 2003 Iowa Acts, House File 655, eliminated the Real Estate Commission Fund, which will result in over funding.

A public hearing will be held on August 26, 2003, at 10 a.m. in the Second Floor Professional Licensing Conference Room, 1920 SE Hulsizer, Ankeny, Iowa, at which time persons may present their views on the proposed amendment either orally or in writing. At the hearing, persons who wish to speak will be asked to give their names and addresses for the record and to confine their remarks to the subject of the proposed amendment.

Consideration will be given to all written suggestions or comments received on or by the end of the business day on August 26, 2003. Comments should be addressed to Roger Hansen, Executive Officer, Iowa Real Estate Commission, 1920 SE Hulsizer, Ankeny, Iowa 50021, or faxed to (515)281-7411. E-mail may be sent to Roger.Hansen@comm7.state.ia.us.

This amendment is intended to implement Iowa Code section 543B.27.

(Note: The crossed out numbers are the presnet fees, the underlined numbers the proposed fees)

193E—9.1(543B) Fees.

9.1(1) Original license or renewal.
Broker license $170 120

Additional officer or partner license $50 30

Firm license $170 120

Branch office license $50 30

Trade name license $50 30

Salesperson license $125 75

9.1(2) Fee for renewal of broker and salesperson licenses between January 1 and
January 30 following expiration of license is the regular renewal fee plus $25
reinstatement fee.

Broker license $195 145

Salesperson license $150 100

Reinstatement fee is not applicable to a firm license, additional officer license, additional partner license, trade name license, or branch office license.

9.1(3) Fee for certification of license is $25.

View amendments filed Notice of Intended Action