SENATE FILE 2157

BY  ZAUN

A BILL FOR

An Act relating to continuing education required for real estate brokers and salespersons.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 543B.9, Code 2011, is amended to read as follows:
   543B.9  Rules.
   1.  The real estate commission may adopt rules to carry out and administer the provisions of this chapter.
   2.  The commission may carry on
 
shall adopt rules necessary to administer a program of education of real estate practices and matters relating to real estate.

The program shall establish separate categories of continuing education requirements for commercial real estate brokers and salespersons and residential real estate brokers and salespersons.
   3.  The commission shall adopt rules necessary to carry out the provisions of chapter 558A relating to the disclosure of information before the transfer of real estate.
EXPLANATION
   This bill requires that the real estate commission adopt administrative rules to administer a program of education of real estate practices and matters relating to real estate. The bill provides that the program shall establish separate categories of continuing education requirements for commercial and residential real estate brokers and salespersons.