Relating to real estate brokers, and the rental or leasing of real estate, and including effective date and applicability provisions

Sponsored by the Senate State Government (companion To Hf 2326 By Committee on State Government) Committee

Topics:Courts & civil law State government

Same legislation: SF 2052, HF 2326

Write your legislators about itWhat changed before it passed

Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedJanuary 17, 2024
Done: SubcommitteeJanuary 22, 2024
Done: Senate committeeFebruary 15, 2024
Done: Passes the SenateApril 1, 202448–0
Skipped: House committeeSkipped
Done: Passes the HouseFebruary 19, 202491–0
Done: To the GovernorApril 19, 2024
Done: Signed into lawApril 19, 2024

HF 2326 became law → The same legislation passed as HF 2326, so this version was set aside. Go to HF 2326 What’s a funnel?

What’s in it

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.

Read the full explanation

The bill creates an exception to Code chapter 543B for a person who engages in an act related to the rental or leasing of real estate on behalf of a partnership, limited partnership, corporation, or limited liability company, and the person has an ownership interest partnership, limited partnership, corporation, or limited liability company, which is a parent or subsidiary of, or under common control with the leasing partnership, limited partnership, corporation, or limited liability company. The bill also creates an exception to the Code chapter for a person who is a nonlicensed employee of a real estate broker and who engages in advertising, showing, listing, collecting of rents and deposits, procuring of prospects, completing form agreements, and executing form agreements as it relates to the rental of real estate under Code chapter 562A or 562B. The bill takes effect upon enactment. The bill applies to all proceedings that are not finally adjudicated or are otherwise pending on the effective date of the bill, except to the extent such application would affect a person’s contractual or vested rights.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed

Iowa Code it changes

Creates§543B.7A

Amends§543B.3

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Lobbying

9 for · 0 against · 6 undecided · Who →

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

90th General Assembly

SF 2052RenumberedSenate companion HF 2326Became lawHouse companion SF 2382Didn’t advancefrom SF 2052

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.