HSB 639: HSB 639

What it does

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.

House subcommittee · named January 30, 2024

• Rep. Charley Thomson (R) · charley.thomson@legis.iowa.gov
• Rep. Dave Deyoe (R)
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov

Lobbying · 1 for, 0 against

For: Iowa Association of Realtors

In plain words

1. January 30, 2024Filed in the House and sent to the Commerce committee
2. January 30, 2024House subcommittee named: Thomson, C., Deyoe and Judge
3. February 1, 2024Subcommittee recommended passing it
4. February 13, 2024Approved by the House committee
5. February 15, 2024Approved by the House committee, and given a new number: HF 2552