A real estate salesperson who fails to renew or fails to file a
complete renewal application form by midnight January 30 of the first year
following expiration may reinstate the license within three years of expiration
by submitting a complete and sufficient application accompanied by the regular
renewal fee and an additional reinstatement fee of $25 for each partial or full
month following expiration. From the date of expiration to the date of
reinstatement, the salesperson is not authorized to practice as a real estate
salesperson in Iowa.
(1)
Continuing education. An application to reinstate an expired
salesperson license must report that the salesperson either fully satisfied all
required continuing education or has retaken and passed the salesperson
examination. A salesperson holding an expired license who wishes to retake the
salesperson examination must obtain written authorization from the commission
to show at the examination site.
(2)
Deposit of reinstatement
fees. Reinstatement fees collected under this rule shall be
transmitted to the treasurer's office and credited to the education fund
established in Iowa Code section
543B.54.
(3)
Starting over. A
salesperson who fails to reinstate an expired license by December 31 of the
third year following expiration shall be treated as if the former salesperson
had never been licensed in Iowa. Such a former salesperson must start over in
the licensing process and qualify and apply for a salesperson
license.
(4)
Denial of
application. An application 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 shall not prevent the later
initiation of a contested case to challenge a licensee's qualifications for
licensure.
Notes
Iowa Code r.
193E-4.6
ARC 7766C, IAB
4/17/24, effective 5/22/24
Amended by
IAB
August 2, 2017/Volume XL, Number 03, effective
9/6/2017
Adopted by
IAB
April 17, 2024/Volume XLVI, Number 21, effective
5/22/2024
