HF 2326: Relating to real estate brokers, the rental or leasing of real estate, and brokerage agreements, and including effective date and applicability provisions

What it does

This bill relates to real estate brokers, and the rental or leasing of real estate. Under current law, a real estate broker is defined as a person acting for another for a fee, commission, or other compensation or promise, who engages directly or indirectly in the acts enumerated in the bill. Under the bill, a real estate broker is defined as a person acting for another for a fee, commission, or other compensation or promise, who engages in the acts enumerated in the bill. The bill creates an exception to Code chapter 543B for a person, limited liability company, or limited partnership who engages in any act that is related to the rental or leasing of real estate on behalf of a partnership, limited partnership, corporation, or limited liability company, and the person, limited liability company, or limited partnership maintains an ownership interest in the partnership, limited partnership, corporation, or limited liability company.

House subcommittee · named January 22, 2024

• Rep. David E. Young (R) · david.young@legis.iowa.gov
• Rep. Austin Harris (R) · austin.harris@legis.iowa.gov
• Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov

Lobbying · 9 for, 0 against

For: Conlin Properties; Eastlake Partnership; Greater Iowa Apartment Association; Hubbell Realty Company; Iowa Association of Realtors; Iowa Housing Partnership; Iowa Manufactured Housing Association; Iowa State Bar Association; Landlords of Iowa

In plain words

1. January 22, 2024Filed in the House and sent to the State Government committee · as HSB 595
2. January 22, 2024House subcommittee named: Young, Harris and Nielsen · as HSB 595
3. January 30, 2024Subcommittee recommended passing it · as HSB 595
4. January 31, 2024Approved by the House committee · as HSB 595
5. February 5, 2024Filed in the House
6. February 5, 2024Approved by the House committee, and given a new number: HF 2326 · as HSB 595
7. February 19, 2024Passed the House, 91–0
8. February 20, 2024Arrived in the Senate
9. April 1, 2024Took the place of SF 2382 on the Senate floor (the same legislation)
10. April 1, 2024Passed the Senate, 48–0
11. April 15, 2024Passed the House, 98–0
12. April 19, 2024Sent to the Governor
13. April 19, 2024Signed into law