House File 549 - Introduced HOUSE FILE 549 BY COMMITTEE ON JUDICIARY (SUCCESSOR TO HSB 131) A BILL FOR An Act relating to real estate license revocations. 1 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 2 TLSB 1839HV (2) 90 es/rn
H.F. 549 Section 1. Section 543B.29, subsection 4, Code 2023, is 1 amended to read as follows: 2 4. A real estate broker’s or salesperson’s license shall 3 be revoked following three violations of this section or 4 section 543B.34 within a three-year period. For purposes of 5 determining whether three violations have occurred during such 6 three-year period, the date of a violation shall be deemed to 7 be the date on which a violation was actually committed or 8 commenced. 9 EXPLANATION 10 The inclusion of this explanation does not constitute agreement with 11 the explanation’s substance by the members of the general assembly. 12 This bill relates to real estate license revocations. 13 Current law provides that a real estate broker’s or 14 salesperson’s license shall be revoked for three violations 15 of Code section 543B.29, relating to license revocation or 16 suspension, or Code section 543B.34, relating to investigations 17 and licensing sanctions, within a three-year period. The bill 18 provides that the dates a violation was committed or commenced 19 within the three-year period shall be the dates considered in 20 determining whether the three-violation threshold has been met. 21 -1- LSB 1839HV (2) 90 es/rn 1/ 1