SSB 3132

Where it is now

1. ✓
   Done: IntroducedJanuary 31, 2024
2. ✓
   Done: SubcommitteeJanuary 31, 2024
3. ✓
   Done: Senate committeeFebruary 8, 2024
4. –
   Skipped: Passes the SenateContinued as SF 2291
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Became SF 2291 → Its progress continues under the new number. Go to SF 2291 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

Senate subcommittee

Named January 31, 2024. On February 7, 2024 it recommended passage. [].

• Sen. Kerry Gruenhagen REmail
• Sen. Mike Bousselot REmail
• Sen. Izaah Knox 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

Family tree