Iowa Admin. Code r. 193E-5.4 - Licensure by reciprocity
The commission may, as provided in Iowa Code section 543B.21, enter into specific written reciprocal licensing agreements or memorandums with other individual states or jurisdictions having similar licensing criteria and grant an Iowa license to licensees from those states or jurisdictions on the same basis as Iowa licensees are granted licenses by those states or jurisdictions.
(1) The applicant is not a resident of
Iowa.
(2) A license issued pursuant
to this rule is based upon a nonresident sales person or broker license issued
by examination.
(3) A license
issued pursuant to this rule is assigned to the same broker or firm as the
nonresident license upon which it is based.
(4) If an applicant establishes residency in
Iowa, that person does not qualify for licensure by reciprocal licensing
agreement or memorandum.
(5) An
Iowa license issued by reciprocity is based upon the nonresident license issued
by examination in that other state or jurisdiction and is issued to the same
broker and location as the nonresident license. The nonresident broker and
firm, if applicable, must also be licensed in Iowa.
(6) A reciprocity agreement or memorandum of
understanding is only a method to apply for licensure and does not grant any
exception to mandatory license laws of Iowa or the other state or
jurisdiction.
(7) An Iowa licensee
wishing to obtain a license in any other state or jurisdiction should contact
that state's or jurisdiction's licensing board for information and
applications.
Notes
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