Read the full stored bill text
STATE OF IOWA
KIM REYNOLDS
GOVERNOR
May 19, 2025
The Honorable Paul Pate
Secretary of State of Iowa
State Capitol
Des Moines, Iowa 50319
Dear Mr. Secretary,
I hereby transmit:
Senate File 314, an Act relating to the license application form for real estate brokers and
salespersons, and brokerage agreement requirements.
The above Senate File is hereby approved on this date.
Sincerely,
Kim'Téynolds
Governor of Iowa
cc: Secretary of the Senate
Clerk of the House
STATE CAPITOL DES MOINES, IOWA 50319 515.281.5211 FAX 515.725.3527 WWW.GOVERNOR.IOWA.GOV
- ': I I•°liSR11IR1IIRl
W, 11 11111111111111111111111
•,•, / Z'7 , r W > x 4 1 / n i • , \ w
n ak x A •. I ••`•*> ' w • w.•
..• hh — ! l.' \. ' ! Jnl;
.., fiIIIIIIIIIIIIIIII`IIIIIII h y ' ^' ? • — , 11111111=1111111111111111i1•. \\
L illl 1161 I•• ! î:':'SI1611IilIIllillllllllllllllll!!6111111!1î331 I III II IIIIIIIIIIIIIIIIIIGII611 ". I1
;\•• i • I • 1 '.
Ii1 \ Gw L:N E1ZA I. A,XSS FdN 1 l• LA' i ll\
! 1'!!Slll i11611111111111111!C?I]11! 1111111111111111116118 1113111111111111111111!@ 1111121111111111111
• m•ulnu:u;tr:• s.
Senate File 314
AN ACT
RELATING TO THE LICENSE APPLICATION FORM FOR REAL ESTATE BROKERS
AND SALESPERSONS, AND BROKERAGE AGREEMENT REQUIREMENTS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
Section 1. Section 5438.16, Code 2025, is amended by adding
the following new subsection:
NEW SUBSECTION. 4. The application form prepared or
furnished by the real estate commission must allow a person
holding a real estate broker license who is applying for a real
estate salesperson license, or a person holding a real estate
salesperson license who is applying for a real estate broker
license, to indicate whether the license being applied for
shall become effective upon approval of the application or upon
the expiration of the applicant's current license.
Sec. 2. Section 543B.56A, subsection 3, Code 2025, is
amended to read as follows:
3. A brokerage agreement must be signed by both the broker
and the client prior to the broker listing any property for
sale on behalf of a seller, or before showing a property to a
buyer, or if no property is shown to a buyer, before making an
offer on a property on behalf of a buyer. 'Phis subse etien The
brokerage agreement requirements under this subsection that
apply to a buyer shall not apply to customers attending an open
President of the Senate
Senate File 314, p. 2
house or auction, to a potential buyer of a property of more
than four dwelling units, or to a property that is not intended
for human inhabitance.
PAT GRASSLEY
Speaker of the House
I hereby certify that this bill originated in the Senate and
is known as Senate File 314, Ninety-first General Assembly.
1v •,-•'•, R &• q*. , W. CHARLES SMITHSON
Approved A&•T 10 % , 2025
W,
Governor