Iowa SF314 amends the license application form for real estate brokers and salespersons and modifies brokerage agreement requirements.

Iowa SF314 introduces changes to the license application form for real estate brokers and salespersons. It mandates that the application form must allow applicants to specify whether their new license will become effective upon approval or upon the expiration of their current license. Additionally, the bill modifies brokerage agreement requirements, exempting certain buyers from these agreements, including those attending an open house, potential buyers of properties with more than four dwelling units, and buyers of properties not intended for human inhabitance.

Iowa SF314 amends the license application form for real estate brokers and salespersons and modifies brokerage agreement requirements.

Iowa SF314 introduces changes to the license application form for real estate brokers and salespersons. It mandates that the application form must allow applicants to specify whether their new license will become effective upon approval or upon the expiration of their current license. Additionally, the bill modifies brokerage agreement requirements, exempting certain buyers from these agreements, including those attending an open house, potential buyers of properties with more than four dwelling units, and buyers of properties not intended for human inhabitance.