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IA SF314
Bill
Status
5/19/2025
Primary Sponsor
State Government
Click for details
AI Summary
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Requires the Iowa Real Estate Commission to update license application forms to allow brokers applying for salesperson licenses (or vice versa) to choose whether the new license becomes effective upon approval or upon expiration of their current license
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Amends brokerage agreement signing requirements so that agreements with buyers do not apply to customers attending open houses or auctions
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Exempts potential buyers of properties with more than four dwelling units from the brokerage agreement requirement
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Exempts properties not intended for human habitation from buyer brokerage agreement requirements
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Effective date: July 1, 2025
Legislative Description
A bill for an act relating to the license application form for real estate brokers and salespersons, and brokerage agreement requirements. (Formerly SF 15.) Effective date: 07/01/2025.
Last Action
Signed by Governor. S.J. 1052.
5/19/2025