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543B.5 Other definitions.

As used in this chapter:

1. "Broker associate" means a person who has a broker's license but is employed by or otherwise associated with another broker as a salesperson.

2. "Inactive license" means either a broker or salesperson license certificate that is on file with the real estate commission in the commission office and during which time the licensee is precluded from engaging in any of the acts of this chapter.

3. "Salesperson" means a person employed by or otherwise associated with a real estate broker, as a selling, renting, or listing agent or representative of the broker.

Section History: Early form

[C31, 35, § 1905-c25; C39, § 1905.22; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 117.5; 81 Acts, ch 54, § 3]

Section History: Recent form

C93, § 543B.5

Internal References

Referred to in § 543B.43

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