Iowa Admin. Code r. 193E-4.1

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 193E-4.1 - General criteria for salesperson license

A person who is licensed under and employed by or otherwise associated with a real estate broker or firm is a "salesperson" as defined in Iowa Code section 543B.5(20) and rule 193E-2.1 (543B).

(1) An original application for a salesperson license cannot be issued to inactive status.

(2) If the license is transferred, as provided in rule 193E-6.2 (543B), the salesperson may work immediately for the new broker.

(3) A salesperson is assigned to a licensed broker or firm and cannot conduct business independently.

(4) Except as provided in Iowa Code section 543B.21, an applicant for a salesperson license must meet all qualifications under Iowa Code section 543B.15.

(5) An applicant for a real estate salesperson license who has been convicted of a disqualifying criminal offense in a court of competent jurisdiction in this state or in any other state, jurisdiction, territory, or district of the United States, or in any foreign jurisdiction, may be denied a license by the commission on the grounds of the conviction as provided by Iowa Code section 272C.15 and rule 193-15.2 (272C).

(6) An applicant for a real estate salesperson license who has had a professional license of any kind revoked in this or any other jurisdiction may be denied a license by the commission on the grounds of the revocation.

(7) Salesperson prelicense education requirements. As required by Iowa Code section 543B.15(8) and 193E-Chapter 16, the required course of study for the salesperson licensing examination consists of 60 live instruction or online learning hours of real estate principles and practices. To be eligible to take the examination, the 60 live education or online learning hours of real estate principles and practices are completed during the 12 months prior to taking the examination. The applicant will also provide evidence of successful completion of the following courses: 12 hours of Developing Professionalism and Ethical Practices, 12 hours of Buying Practices and 12 hours of Listing Practices. The prelicense education will expire after 12 months.

Iowa Admin. Code r. 193E-4.1

Amended by IAB August 2, 2017/Volume XL, Number 03, effective 9/6/2017

Amended by IAB November 17, 2021/Volume XLIV, Number 10, effective 12/22/2021

Adopted by IAB April 17, 2024/Volume XLVI, Number 21, effective 5/22/2024