What changed in SF 314
The bill as introduced, compared with the version both chambers passed (91st General Assembly).
It passed exactly as introduced.
Removed AddedIntroduced textText as passedAmendments
Compares wording only. The printed bills also mark changes to existing law with strikes and underlines, which aren’t shown here.
Section 1. Section 543B.16, Code 2025, is amended by adding the following new subsection:
4 unchanged passages
NEW SUBSECTION.
4. The application form prepared or furnished by the real estate commission must allow a person holding a real estate broker license who is applying for a real estate salesperson license, or a person holding a real estate salesperson license who is applying for a real estate broker license, to indicate whether the license being applied for shall become effective upon approval of the application or upon the expiration of the applicant’s current license.
Sec.
2. Section 543B.56A, subsection 3, Code 2025, is amended to read as follows:
3. A brokerage agreement must be signed by both the broker and the client prior to the broker listing any property for sale on behalf of a seller, or before showing a property to a buyer, or if no property is shown to a buyer, before making an offer on a property on behalf of a buyer. This subsection The brokerage agreement requirements under this subsection that apply to a buyer shall not apply to customers attending an open house or auction, to a potential buyer of a property of more than four dwelling units, or to a property that is not intended for human inhabitance.