Iowa Professional Licensing Bureau - Real Estate Commission

Iowa Code § 543B.2

• Corporations
• General Partnerships 
• Associations 
• Professional Corporations 
• Professoinal Limited Liability Companies

A broker can be the responsible broker of more than one office. 

A branch office can only be licensed to a firm or a broker sole-proprietor. You will need the license number of the firm or broker sole-proprietor.

You will need the license number of the broker-in-charge of this branch office. A broker can be the broker-in-charge of more than one office. There is no license issued to the broker-in-charge of the branch.

The address of a branch office can not be changed. 

If a branch office is closed (relocated) the branch license for that location must be cancelled.  Then an application for the new location must be submitted and approved by Commission staff prior to providing real estate services at the new location.

Iowa Code § 543B.2

• Corporations
• General Partnerships 
• Associations 
• Professional Corporations 
• Limited Liability Companies 

At least one of the officers, members or partners must be an Iowa licensed broker assigned to this firm as required by Iowa Code § 543B.2.

Attach the appropriate trust account form, either the Consent to Examine or the Trust Account Affidavit.

Attach proof of current errors and omissions insurance coverage in Iowa. Errors and omissions
insurance coverage must comply with all the requirements in 193E Iowa Administrative Code Chapter
19.

A nonresident to whom a license is issued upon compliance with all the other requirements of law, is not required to maintain a definite place of business within this state. Provided that the nonresident, if a broker, shall maintain an active place of business within the state of the nonresident’s domicile, and that the privilege of submitting a certification of licensure certified to by the qualified and authorized official or officials of the state of original licensure, in lieu of the recommendations and statements otherwise required, only applies to licensed real estate brokers and real estate salespersons of those states under the laws of which similar recognition and courtesies are extended to licensed real estate brokers and real estate salespersons of this state.

If you wish to advertise using a name other than the firm name you must also apply for a tradename license. 

For currently licensed brokers or salespersons (converting to a broker at this time) and are actively licensed to a firm you will no longer be affiliated with, then your current employing broker must submit a “Request to Change Affiliated License Status to Inactive” request first.