Terms Used In Iowa Code 543B.25

  • Brokerage: means the business or occupation of a real estate broker. See Iowa Code 543B.5
  • 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
  • Licensee: means a broker or a salesperson licensed pursuant to this chapter. See Iowa Code 543B.5
  • real estate: means real property wherever situated, and includes any and all leaseholds or any other interest or estate in land, and business opportunities which involve any interest in real property. See Iowa Code 543B.4
  • Real estate team: means two or more licensees assigned to the same broker working together to provide real estate brokerage services and representing themselves to the public as a team. See Iowa Code 543B.5
 An individual licensee or real estate team shall conspicuously display the name of the brokerage immediately preceding or immediately following the individual licensee’s name or real estate team name in any advertising or information made available to the public.