Iowa Code r. 193E-4.5 - Renewing a license
To remain authorized to act as a real estate salesperson, a salesperson must renew a real estate license before the expiration date of the license. Salespersons who fail to renew a real estate license before expiration are not authorized to practice as real estate salespersons in Iowa.
(1)
Application forms.
Applications for renewal of a salesperson license may be found on the
commission's website. Salespersons will renew electronically. While the
commission generally mails reminders to salespersons in the November preceding
license expiration, the failure of the commission to mail a reminder does not
excuse the salesperson from the requirement to timely renew.
(2)
Qualifications for
renewal. The commission shall grant an application to renew a
salesperson license if:
a. The application is
timely received by the commission by December 31, or within the 30-day grace
period after expiration as provided by Iowa Code section
543B.28.
b. The application is accompanied by the
regular renewal fee and, if received by the commission after midnight December
31, but prior to midnight January 30, is accompanied by a penalty of
$25.
c. The application is fully
completed with all necessary information, including proper disclosure of
required continuing education and errors and omissions insurance.
d. The application fails to reveal grounds to
deny a license, such as a criminal conviction or the revocation of a license in
another jurisdiction.
(3)
Incomplete or untimely applications to renew. Renewal
applications received by the commission, or postmarked, after midnight January
30 shall be treated as applications to reinstate an expired license under rule
193E-4.6 (272C,543B).
a. Applications to renew or reinstate a
salesperson license which are incomplete or which are not accompanied by the
proper fee may be returned to the salesperson for additional information or
fee.
b. Alternatively, the
commission may retain the application and notify the applicant that the
application cannot be granted without further information or fee.
(4)
Insufficient
continuing education. Renewal applications which do not report
completion of required continuing education, but which are otherwise timely and
sufficient and accompanied with proper fee, shall be renewed in inactive
status. In the event of a factual dispute regarding the salesperson's intent to
renew in inactive status or a salesperson's compliance with continuing
education requirements, the commission may deny the application and provide the
applicant with an opportunity for hearing according to the procedures set forth
in rules 193-7.39 (546,272C) and
193E-18.13 (543B).
(5)
Denial of application to
renew. An application to renew may be denied on the grounds provided
in Iowa Code chapter 543B and in rule
193-7.39 (546,272C). The
administrative processing of an application to renew shall not prevent the
later initiation of a contested case to challenge a licensee's qualifications
for licensure.
(6)
Renewal
of inactive or suspended license. An inactive or suspended license
must be timely renewed or it shall expire. The status of a license does not
affect the requirement to renew.
Notes
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