Iowa Code 543B.27 – Fees
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Terms Used In Iowa Code 543B.27
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
543B.27 Fees.
1. The real estate commission shall set fees for examination and licensing of real estate brokers and real estate salespersons. The commission shall determine the annual cost of administering the examination and shall set the examination fee accordingly. The commission shall set the fees for the real estate broker’s licenses and for real estate salesperson’s licenses based upon the administrative costs of sustaining the commission. The fees shall include, but shall not be limited to, the costs for:
a. Per diem, expenses, and travel for commission members.
b. Office facilities, supplies, and equipment.
c. Staff assistance.
d. Establishing and maintaining a real estate education program.
2. Notwithstanding subsection 1, a nonresident person seeking to procure a license pursuant to this chapter shall be charged a fee equal to the greater of the following:
a. The fee as determined pursuant to subsection 1.
b. A fee equal to the fee the nonresident person would be charged by such person’s state of residence if that person were a resident of this state making application for a license in that state and that state charges a nonresident a fee which is greater than that charged by that state to a resident of that state.
[C31, 35, §1905-c40; C39, §1905.37; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.27;
81 Acts, ch 54, §14]
89 Acts, ch 292, §3; 90 Acts, ch 1168, §20
C93, §543B.27
95 Acts, ch 36, §1
Referred to in §543B.43
1. The real estate commission shall set fees for examination and licensing of real estate brokers and real estate salespersons. The commission shall determine the annual cost of administering the examination and shall set the examination fee accordingly. The commission shall set the fees for the real estate broker’s licenses and for real estate salesperson’s licenses based upon the administrative costs of sustaining the commission. The fees shall include, but shall not be limited to, the costs for:
a. Per diem, expenses, and travel for commission members.
b. Office facilities, supplies, and equipment.
c. Staff assistance.
d. Establishing and maintaining a real estate education program.
2. Notwithstanding subsection 1, a nonresident person seeking to procure a license pursuant to this chapter shall be charged a fee equal to the greater of the following:
a. The fee as determined pursuant to subsection 1.
b. A fee equal to the fee the nonresident person would be charged by such person’s state of residence if that person were a resident of this state making application for a license in that state and that state charges a nonresident a fee which is greater than that charged by that state to a resident of that state.
[C31, 35, §1905-c40; C39, §1905.37; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.27;
81 Acts, ch 54, §14]
89 Acts, ch 292, §3; 90 Acts, ch 1168, §20
C93, §543B.27
95 Acts, ch 36, §1
Referred to in §543B.43