SF 2052: Relating to real estate brokers, and the rental or leasing of real estate, 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.

Senate subcommittee · named February 1, 2024

• Sen. Scott Webster (R) · scott.webster@legis.iowa.gov
• Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
• Sen. Mike Bousselot (R) · mike.bousselot@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 17, 2024Filed in the Senate and sent to the State Government committee
2. January 22, 2024Senate subcommittee named: Webster, Bisignano and Salmon
3. February 1, 2024Senate subcommittee named: Webster, Bisignano and Bousselot
4. February 7, 2024Subcommittee recommended passing it with changes
5. February 15, 2024Approved by the Senate committee, and given a new number: SF 2382