House Study Bill 131 - Introduced HOUSE FILE _____ BY (PROPOSED COMMITTEE ON JUDICIARY BILL BY CHAIRPERSON HOLT) 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 1839YC (2) 90 es/rn

H.F. _____ 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 be 3 revoked following three violations of this section or section 4 543B.34 within a three-year period. The date each violation 5 was committed shall be the only dates considered in determining 6 whether a licensee committed three violations of this section 7 or section 543B.34 within a three-year period. 8 EXPLANATION 9 The inclusion of this explanation does not constitute agreement with 10 the explanation’s substance by the members of the general assembly. 11 This bill relates to real estate license revocations. 12 Current law provides that a real estate broker’s or 13 salesperson’s license shall be revoked for three violations 14 of Code section 543B.29, relating to license revocation or 15 suspension, or Code section 543B.34, relating to investigations 16 and licensing sanctions, within a three-year period. The 17 bill provides that the dates violations occurred within 18 the three-year period shall be the only dates considered in 19 determining whether the three-violation threshold has been met. 20 -1- LSB 1839YC (2) 90 es/rn 1/ 1