SF 2382: 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.

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. February 15, 2024Filed in the Senate
2. February 15, 2024Approved by the Senate committee
3. April 1, 2024Withdrawn