Bill Text: IA SF2324 | 2021-2022 | 89th General Assembly | Enrolled
Bill Title: A bill for an act relating to the designation of real estate teams and the display of real estate licenses, and including applicability provisions. (Formerly SSB 3115.) Effective date: 07/01/2022. Applicability date: 12/31/2022.
Spectrum: Committee Bill
Status: (Passed) 2022-05-02 - Signed by Governor. S.J. 837. [SF2324 Detail]
Download: Iowa-2021-SF2324-Enrolled.html
Senate
File
2324
-
Enrolled
Senate
File
2324
AN
ACT
RELATING
TO
THE
DESIGNATION
OF
REAL
ESTATE
TEAMS
AND
THE
DISPLAY
OF
REAL
ESTATE
LICENSES,
AND
INCLUDING
APPLICABILITY
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
543B.5,
Code
2022,
is
amended
by
adding
the
following
new
subsection:
NEW
SUBSECTION
.
019.
“Real
estate
team”
means
two
or
more
licensees
assigned
to
the
same
broker
working
together
to
provide
real
estate
brokerage
services
and
representing
themselves
to
the
public
as
a
team.
Sec.
2.
NEW
SECTION
.
543B.25
Display
of
brokerage.
An
individual
licensee
or
real
estate
team
shall
conspicuously
display
the
name
of
the
brokerage
immediately
preceding
or
immediately
following
the
individual
licensee’s
name
or
real
estate
team
name
in
any
advertising
or
information
made
available
to
the
public.
Senate
File
2324,
p.
2
Sec.
3.
APPLICABILITY.
This
Act
applies
to
displays
of
advertising
or
information
by
an
individual
licensee
or
a
real
estate
team
on
or
after
December
31,
2022.
______________________________
JAKE
CHAPMAN
President
of
the
Senate
______________________________
PAT
GRASSLEY
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
2324,
Eighty-ninth
General
Assembly.
______________________________
W.
CHARLES
SMITHSON
Secretary
of
the
Senate
Approved
_______________,
2022
______________________________
KIM
REYNOLDS
Governor
