HSB 639

Where it is now

1. ✓
   Done: IntroducedJanuary 30, 2024
2. ✓
   Done: SubcommitteeJanuary 30, 2024
3. ✓
   Done: House committeeFebruary 13, 2024
4. –
   Skipped: Passes the HouseContinued as HF 2552
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 2552 → Its progress continues under the new number. Go to HF 2552 What’s a funnel?

What’s in it

This bill relates to real estate brokers and brokerage agreements. The bill includes in the current definition of a real estate broker a person acting for another for a fee, commission, or other compensation or promise who prepares buyer’s representation agreements, including any modifications, amendments, or addendums. “Buyer’s representation agreement” is defined by the bill. The bill requires a licensee, when providing brokerage services to a client, to treat all parties to a transaction with honesty and good faith, disclose to each party all material adverse facts as laid out in the bill, and to account for all property coming into the possession of the licensee that belongs to any party within a reasonable time.

Full bill text · What changed before it passed¹

House subcommittee

Named January 30, 2024. On February 1, 2024 it recommended passage. Vote Total: 3-0.

• Rep. Charley Thomson REmail
• Rep. Dave Deyoe R
• Rep. Kenan Judge DEmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§543B.3§543B.5§543B.56§543B.56A§543B.60

How the Code works²

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