SF 314: Relating to the license application form for real estate brokers and salespersons, and brokerage agreement requirements

What it does

This bill relates to the license application form for real estate brokers and salespersons, and brokerage agreement requirements. Under the bill, an application form for a license must allow a person holding a real estate broker license who is applying for a real estate salesperson license, or vice versa, 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. Under the bill, brokerage agreement requirements under current law that apply to a buyer shall not apply to customers attending an open house, to a potential buyer of a property of more than four units, or to a property that is not intended for human inhabitance.

House subcommittee · named March 24, 2025

• Rep. Heather Hora (R) · heather.hora@legis.iowa.gov
• Rep. Thomas M. Jeneary (R) · tom.jeneary@legis.iowa.gov
• Rep. Josh Turek (D) · josh.turek@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Home Builders Association of Iowa; Iowa Association of Realtors; Iowa Commercial Real Estate Association (ICREA)

In plain words

1. February 13, 2025Filed in the Senate
2. February 13, 2025Approved by the Senate committee
3. March 11, 2025Passed the Senate, 47–0
4. March 12, 2025Arrived in the House
5. March 24, 2025House subcommittee named: Hora, Jeneary and Turek
6. March 27, 2025Subcommittee recommended passing it
7. March 31, 2025Approved by the House committee
8. March 31, 2025Committee vote: 18–0
9. May 8, 2025Passed the House, 84–0
10. May 19, 2025Sent to the Governor
11. May 19, 2025Signed into law