§ 543B.1 License mandatory
§ 543B.2 Individual licenses necessary
§ 543B.3 Broker — definition.
§ 543B.4 Real estate — definition.
§ 543B.5 Other definitions
§ 543B.6 Acts constituting dealing in real estate
§ 543B.7 Acts excluded from provisions — prohibited acts — penalties.
§ 543B.8 Real estate commission created — staff.
§ 543B.9 Rules
§ 543B.12 Expenses of members — compensation.
§ 543B.13 Seal — records.
§ 543B.14 Fees and expenses
§ 543B.15 Qualifications
§ 543B.16 Application forms
§ 543B.18 Enforcement of rules
§ 543B.19 License denied — hearing.
§ 543B.20 Examination
§ 543B.21 Nonresident license
§ 543B.22 Nonresident’s place of business.
§ 543B.23 Actions against nonresidents
§ 543B.24 Custody of salesperson’s license.
§ 543B.27 Fees
§ 543B.28 Expiration of license
§ 543B.29 Revocation or suspension
§ 543B.30 Actions — license as prerequisite.
§ 543B.31 Place of business — branch license.
§ 543B.32 Change of location
§ 543B.33 Salespersons — change of employment or association.
§ 543B.34 Investigations by commission — licensing sanctions — civil penalty.
§ 543B.35 Hearing on charges
§ 543B.36 Attendance of witnesses
§ 543B.37 Fees and mileage
§ 543B.38 Request for witnesses
§ 543B.39 Disobedience to subpoena
§ 543B.40 Depositions
§ 543B.41 Findings of fact
§ 543B.42 List of licensees
§ 543B.43 Penalties
§ 543B.44 Complaints referred to court
§ 543B.45 Dual contracts for sale of real property
§ 543B.46 Trust accounts
§ 543B.47 Insurance requirement
§ 543B.48 Civil penalty amount
§ 543B.49 Injunctive relief
§ 543B.50 Meetings
§ 543B.51 Public members
§ 543B.52 Disclosure of confidential information
§ 543B.53 Application of chapter
§ 543B.55 Disclosure of relationship
§ 543B.56 Duties of licensees
§ 543B.56A Brokerage agreements — purpose — contents.
§ 543B.57 Confirmation and disclosure of relationship
§ 543B.58 Licensees representing more than one client in a transaction
§ 543B.59 Appointed agents within a firm
§ 543B.60 Licensees providing services in more than one transaction
§ 543B.60A Prohibited practices — business referral disclosures.
§ 543B.61 Violations — real estate commission jurisdiction.
§ 543B.62 Changes in common law duties and liabilities of licensees and parties
§ 543B.63 Licensee not considered subagent
§ 543B.64 Chapter is not limiting

Terms Used In Iowa Code > Chapter 543B

  • Agency: means a relationship in which a real estate broker acts for or represents another by the other person's express authority in a transaction. See Iowa Code 543B.5
  • Agency agreement: means a written agreement between a broker and a client which identifies the party the broker represents in a transaction. See Iowa Code 543B.5
  • Appointed agent: means that affiliated licensee who is appointed by the designated broker of the affiliated licensee's real estate brokerage agency to act solely for a client of that brokerage agency to the exclusion of other affiliated licensees of that brokerage agency. See Iowa Code 543B.5
  • Branch office: means a real estate broker's office other than a principal place of business. See Iowa Code 543B.5
  • Broker associate: means a person who has a broker's license but is licensed under, and employed by or otherwise associated with, another broker as a salesperson. See Iowa Code 543B.5
  • Brokerage: means the business or occupation of a real estate broker. See Iowa Code 543B.5
  • Brokerage agreement: means a contract between a broker and a client which establishes the relationship between the parties as to the brokerage services to be performed and contains the provisions required in section 543B. See Iowa Code 543B.5
  • Brokerage services: means those activities identified in sections 543B. See Iowa Code 543B.5
  • Client: means a party to a transaction who has an agency agreement with a broker for brokerage services. See Iowa Code 543B.5
  • Customer: means a consumer who is not being represented by a licensee but for whom the licensee may perform ministerial acts. See Iowa Code 543B.5
  • deed: is a pplied to an instrument conveying lands, but does not imply a sealed instrument; and the words "bond" and "indenture" do not necessarily imply a seal, and the word "undertaking" means a promise or security in any form. See Iowa Code 4.1
  • Designated broker: means a licensee designated by a real estate brokerage agency to act for the agency in conducting real estate brokerage services. See Iowa Code 543B.5
  • executor: includes administrator, and the term "administrator" includes executor, where the subject matter justifies such use. See Iowa Code 4.1
  • 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
  • Listing: is a n agreement between a property owner and another person in which that person holds or advertises the property to the public as being available for sale or lease. See Iowa Code 543B.5
  • Negotiate: means to act as an intermediary between the parties to a transaction, and includes any of the following acts:
  • Party: includes a person who seeks to grant or accept an option to buy, sell, or rent an interest in real estate. See Iowa Code 543B.5
  • Person: means an individual, partnership, association, corporation, professional corporation, or professional limited liability company. See Iowa Code 543B.5
  • 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
  • property: includes personal and real property. See Iowa Code 4.1
  • 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 broker: means a person acting for another for a fee, commission, or other compensation or promise, whether it be for all or part of a person's time, and who engages directly or indirectly in any of the following acts:
 1. See Iowa Code 543B.3
  • real property: include lands, tenements, hereditaments, and all rights thereto and interests therein, equitable as well as legal. See Iowa Code 4.1
  • Rule: includes "regulation". See Iowa Code 4.1
  • Salesperson: means a person who is licensed under, and employed by or otherwise associated with, a real estate broker, as a selling, renting, or listing agent or representative of the broker. See Iowa Code 543B.5
  • seal: shall include an impression upon the paper alone, or upon wax, a wafer affixed to the paper, or an official stamp of a notarial officer as provided in chapter 9B. See Iowa Code 4.1
  • Signature: includes an electronic signature as defined in section 554D. 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
  • Transaction: means the sale, exchange, purchase, or rental of, or the granting or acceptance of an option to sell, exchange, purchase, or rent an interest in real estate. See Iowa Code 543B.5
  • United States: includes all the states. See Iowa Code 4.1
  • year: means twelve consecutive months. See Iowa Code 4.1