543B.2 Individual licenses necessary. A partnership, association, corporation, professional corporation, or professional limited liability company shall not be granted a license, unless every member or officer of thepartnership, association, corporation, professional corporation, or professional limitedliability company who actively participates in the brokerage business of the partnership,association, corporation, professional corporation, or professional limited liability companyholds a license as a real estate broker or salesperson, and unless every employee who actsas a salesperson for the partnership, association, corporation, professional corporation, orprofessional limited liability company holds a license as a real estate broker or salesperson.At least one member or officer of each partnership, association, corporation, professionalcorporation, or professional limited liability company shall be a real estate broker. [C31, 35, §1905-c24; C39, §1905.21; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.2; 81 Acts, ch 54, §2] C93, §543B.22007 Acts, ch 13, §3Referred to in §543B.43 Sat Dec 23 01:45:09 2023 Iowa Code 2024, Section 543B.2 (18, 1)
Iowa Legal Code