543B.14  Fees and expenses--funds.

All fees and charges collected by the real estate commission under this chapter shall be paid into the general fund of the state, except that the equivalent of the greater of ten dollars or forty percent per year of the fees for each real estate salesperson's license, plus the equivalent of the greater of ten dollars or twenty-five percent per year of the fees for each broker's license shall be paid into the Iowa real estate education fund created in section 543B.54. All expenses incurred by the commission under this chapter, including compensation of staff assigned to the commission, shall be paid from funds appropriated for those purposes, except for expenses incurred and compensation paid for the real estate education director, which shall be paid out of the real estate education fund.

Section History: Early form

  [C31, 35, § 1905-c29; C39, § 1905.26; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 117.14]

Section History: Recent form

  86 Acts, ch 1245, § 724; 89 Acts, ch 292, § 2; 90 Acts, ch 1168, § 19; 90 Acts, ch 1261, § 38; 92 Acts, ch 1070, § 1

  C93, § 543B.14

  94 Acts, ch 1107, §89

Internal References

  Referred to in § 543B.43

Footnotes

  Authority to refund fees; 2000 Acts, ch 1231, §5; 2001 Acts, ch 187, §5


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