Iowa Admin. Code r. 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.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.