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Law Index -- Real Estate License Related Law
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Chapter 193E Real Estate Brokers and Salespersons Index (PDF)
Chapter 193E Real Estate Brokers and Salespersons Analysis (PDF)
Rule Changes --193E Real Estate Brokers and Salespersons

Rule Changes 2005

2005        CHAPTER 193-E


Commission approved:   April 14, 2005
Published Notice of Intended Action ARC4115B:    June 8, 2005
Commission Adopted: July 14, 2005
Published Adopted ARC4428B: August 17, 2005
Effective date September 21, 2005

        Pursuant to the authority of Iowa Code sections 543B.9 and
543B.18, the Real Estate Commission hereby amends Chapter 3, "Broker License," and Chapter 4, “Salesperson License,” Iowa Administrative Code. 
     New subrules 3.3(3), 3.6(5), 4.3(3), and 4.6(5) are added to provide the Commission the authority to initiate a contested case to challenge qualifications for licensure after administratively processing an application.  The language is the same as or similar to current renewal language in subrules 3.5(5) and 4.5(5).  One word is added to the catchwords of rule 4.3(543B) for consistency and clarification. 


Commission approved:   July 14, 2005
Published Notice of Intended Action ARC4451B:   August 31, 2005
Commission Adopted: November 3, 2005
Published Adopted: ARC4697B: December 7, 2005
Effective date January 11, 2006

     Pursuant to the authority of Iowa Code sections 543B.9, and 543B.18 and Chapter 558A, the Real Estate Commission hereby hereby amends Chapter 14, "Seller Property Condition Disclosure," Iowa Administrative Code.

    Subrule 14.1(6) adds to the Residential Property Seller Disclosure Statement new numbered item “16,” which requires the disclosure of restrictive covenants.   Existing numbered items “16” to “19” are not amended but will be renumbered as “17” to “20.”

R05-03 *

Commission approved:   September 8, 2005
Published Notice of Intended Action ARC4584B:    October 26, 2005
Administrative Rules Committee:  November 8, 2005
Commission Adopted:  December 14, 2005
Published Adopted  ARC4809B:  January 18, 2006                  
Effective date: February 22, 2006

     Pursuant to the authority of Iowa Code sections 543B.9 and 543B.18 the Real Estate Commission hereby gives Notice of Intended Action to amend Chapter 7, "Offices and Management," Iowa Administrative Code.
     New subrule 7.4(8) is added to clarify that the prohibition provided by Iowa Code section 543B.60A
*  includes persons who are not licensed in Iowa but who are licensed in another state or who are licensed or otherwise authorized to engage in the real estate business in a foreign country.

* Please note:    See HF 882 Section 73 which contains amendments to  Iowa Code section 543B.60A that were effective 7-1-2005 as follows:

543B.60A Prohibited practices.
  1. A licensee shall not request a referral fee after a bona fide offer to purchase is accepted.
  2. A licensee shall not request a referral fee after a bona fide listing agreement has been signed.
  3. A licensee shall not offer, promote, perform, provide, or otherwise participate in any marketing plan that requires a consumer to receive brokerage services, including referral services, from two or more licensees in a single real estate transaction, as a required condition for the consumer to receive either of the following:
  a. Brokerage services from one or more of such licensees.
  b. A rebate, prize, or other inducement from one or more such licensees.
  4. For purposes of this section, "consumer" shall include parties or prospective parties to a real estate transaction, clients or prospective clients of a licensee, or customers or prospective customers of a licensee.
  5. This section does not address relationships between a broker and the broker associates or salespersons licensed under, employed by, or otherwise associated with the broker in a real estate brokerage agency.
  6. A violation of this section is deemed a violation of section 543B.29 , subsection 3.
  7. The purpose of this section is to prohibit licensee practices that interfere with contractual arrangements, place improper restrictions on consumer choice, compromise a licensee's fiduciary obligations, and create conflicts of interest.

99 Acts, ch 22, 2; 2005 Acts, ch 179, 73
Section stricken and rewritten

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