Iowa Code
Chapter 543B - REAL ESTATE BROKERS AND SALESPERSONS
Section 543B.15 - Qualifications.

543B.15 Qualifications.
1. Except as provided in section 543B.20 an applicant for a real estate broker’s or salesperson’s license must be a person whose application has not been rejected for licensure in this or any other state within twelve months prior to the date of application, and whose real estate license has not been revoked in this or any other state within two years prior to date of application.
2. To qualify for a license as a real estate broker or salesperson a person shall be eighteen years of age or over. However, an applicant is not ineligible because of citizenship, sex, race, religion, marital status, or national origin, although the application form may require citizenship information.
3. a. An applicant for a real estate broker’s or salesperson’s license who has been convicted of an offense specified in this subsection shall not be considered for licensure until the following time periods have elapsed following completion of any applicable period of incarceration, or payment of a fine or fulfillment of any other type of sentence:
(1) For an offense which is classified as a felony, an offense including or involving forgery, embezzlement, obtaining money under false pretenses, theft, arson, extortion, conspiracy to defraud, or other similar offense, or any other offense involving a criminal breach of fiduciary duty, five years.
(2) For any offense not described in subparagraph (1) involving moral turpitude, one year.
b. After expiration of the time periods specified in paragraph “a”, an application shall be considered by the commission pursuant to subsection 6 and may be denied on the grounds of the conviction. An applicant may request a hearing pursuant to section 543B.19 in the event of a denial.
c. For purposes of this section, “convicted” or “conviction” means a conviction for an indictable offense and includes a court’s acceptance of a guilty plea, deferred judgment from the time of entry of the deferred judgment until the time the defendant is discharged by the court without entry of judgment, or other finding of guilt by a court of competent jurisdiction in this state, or in any other state, territory, or district of the United States, or in any foreign jurisdiction. A copy of the record of conviction is conclusive evidence of such conviction.
4. An applicant for a real estate broker’s or salesperson’s license who has had a professional license of any kind revoked or suspended or who has had any other form of discipline imposed, in this or any other jurisdiction, may be denied a license by the commission on the grounds of the revocation, suspension, or other discipline.
5. A person who makes a false statement of material fact on an application for a real estate broker’s or salesperson’s license, or who causes to be submitted, or has been a party to preparing or submitting any false application for such license, may be denied a license by the commission on the grounds of the false statement or submission.
6. The commission, when considering the denial of a license pursuant to this section, shall consider the nature of the offense; any aggravating or extenuating circumstances which are documented; the time lapsed since the revocation, conduct, or conviction; the rehabilitation, treatment, or restitution performed by the applicant; and any other factors the commission deems relevant. Character references may be required but shall not be obtained from licensed real estate brokers or salespersons.
7. To qualify for a license as a real estate broker, a person shall complete at least sixty contact hours of commission approved real estate education within twenty-four months prior to taking the broker examination. This education shall be in addition to the required salesperson prelicense course. The applicant shall have been a licensed real estate salesperson actively engaged in real estate for a period of at least twenty-four months preceding the date of application, or shall have had experience substantially equal to that which a licensed real estate salesperson would ordinarily receive during a period of twenty-four months, whether as a former broker or salesperson, a manager of real estate, or otherwise.
8. A qualified applicant for a license as a real estate salesperson shall complete a commission approved short course in real estate education of at least thirty hours during the twelve months prior to taking the salesperson examination.
9. An applicant for an initial real estate broker’s or salesperson’s license shall be subject to a national criminal history check through the federal bureau of investigation. The commission shall request the criminal history check and shall provide the applicant’s fingerprints to the department of public safety for submission through the state criminal history repository to the federal bureau of investigation. The applicant shall authorize release of the results of the criminal history check to the real estate commission. The applicant shall pay the actual cost of the fingerprinting and criminal history check, if any. Unless the criminal history check was completed within the two hundred ten calendar days prior to the date the license application is received by the real estate commission, the commission shall reject and return the application to the applicant. The commission shall process the application but hold delivery of the license until the background check is complete. The results of a criminal history check conducted pursuant to this subsection shall not be considered a public record under chapter 22.
[C31, 35, §1905-c30; C39, §1905.27; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.15; 81 Acts, ch 54, §6, 7]
85 Acts, ch 82, §1
C93, §543B.15
95 Acts, ch 64, §1; 2002 Acts, ch 1031, §2; 2005 Acts, ch 36, §1; 2006 Acts, ch 1055, §3; 2007 Acts, ch 187, §1, 2; 2008 Acts, ch 1099, §1, 2; 2010 Acts, ch 1068, §1 – 3; 2017 Acts, ch 71, §1
Referred to in §543B.28, 543B.29, 543B.43

Structure Iowa Code

Iowa Code

Title XIII - COMMERCE

Chapter 543B - REAL ESTATE BROKERS AND SALESPERSONS

Section 543B.1 - License mandatory.

Section 543B.2 - Individual licenses necessary.

Section 543B.3 - Broker — definition.

Section 543B.4 - Real estate — definition.

Section 543B.5 - Other definitions.

Section 543B.6 - Acts constituting dealing in real estate.

Section 543B.7 - Acts excluded from provisions — prohibited acts — penalties.

Section 543B.8 - Real estate commission created — staff.

Section 543B.9 - Rules.

Section 543B.12 - Expenses of members — compensation.

Section 543B.13 - Seal — records.

Section 543B.14 - Fees and expenses.

Section 543B.15 - Qualifications.

Section 543B.16 - Application forms.

Section 543B.18 - Enforcement of rules.

Section 543B.19 - License denied — hearing.

Section 543B.20 - Examination.

Section 543B.21 - Nonresident license.

Section 543B.22 - Nonresident’s place of business.

Section 543B.23 - Actions against nonresidents.

Section 543B.24 - Custody of salesperson’s license.

Section 543B.25 - Display of license.

Section 543B.27 - Fees.

Section 543B.28 - Expiration of license.

Section 543B.29 - Revocation or suspension.

Section 543B.30 - Actions — license as prerequisite.

Section 543B.31 - Place of business — branch license.

Section 543B.32 - Change of location.

Section 543B.33 - Salespersons — change of employment or association.

Section 543B.34 - Investigations by commission — licensing sanctions — civil penalty.

Section 543B.35 - Hearing on charges.

Section 543B.36 - Attendance of witnesses.

Section 543B.37 - Fees and mileage.

Section 543B.38 - Request for witnesses.

Section 543B.39 - Disobedience to subpoena.

Section 543B.40 - Depositions.

Section 543B.41 - Findings of fact.

Section 543B.42 - List of licensees.

Section 543B.43 - Penalties.

Section 543B.44 - Complaints referred to court.

Section 543B.45 - Dual contracts for sale of real property.

Section 543B.46 - Trust accounts.

Section 543B.47 - Insurance requirement.

Section 543B.48 - Civil penalty amount.

Section 543B.49 - Injunctive relief.

Section 543B.50 - Meetings.

Section 543B.51 - Public members.

Section 543B.52 - Disclosure of confidential information.

Section 543B.53 - Application of chapter.

Section 543B.54 - Real estate education fund.

Section 543B.55 - Disclosure of relationship.

Section 543B.56 - Duties of licensees.

Section 543B.56A - Brokerage agreements — purpose — contents.

Section 543B.57 - Confirmation and disclosure of relationship.

Section 543B.58 - Licensees representing more than one client in a transaction.

Section 543B.59 - Appointed agents within a firm.

Section 543B.60 - Licensees providing services in more than one transaction.

Section 543B.60A - Prohibited practices — business referral disclosures.

Section 543B.61 - Violations — real estate commission jurisdiction.

Section 543B.62 - Changes in common law duties and liabilities of licensees and parties.

Section 543B.63 - Licensee not considered subagent.

Section 543B.64 - Chapter is not limiting.