Iowa Admin. Code r. 193E-3.1

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 193E-3.1 - Broker licensure

An applicant is only eligible for a broker license by satisfying Iowa Code section 543B.15.

(1) An applicant for a real estate broker's license who has been convicted of a disqualifying criminal offense in 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, 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).

(2) An applicant for a broker license may use active experience as a former Iowa salesperson or active salesperson experience in another state or jurisdiction, or a combination of both, to satisfy the experience requirement for a broker license under Iowa Code section 543B.15(7) only if the former Iowa salesperson or applicant from another state or jurisdiction was actively licensed for not less than 24 months and if the license on which the experience is based has not been expired for more than three years prior to the date the completed broker application with fee is filed with the commission.

Iowa Admin. Code r. 193E-3.1

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