§ 543b-33

543B.33 Salespersons — change of employment or association. When any real estate salesperson is discharged or terminates employment or association with the real estate broker by whom the salesperson is employed, the real estate broker shallimmediately deliver, mail, or electronically submit to the real estate commission a copy ofthe real estate salesperson’s license on the reverse side of which the designated broker shallset out the date of termination. The designated broker at the time of submitting a copy ofthe real estate salesperson’s license to the commission shall address a communication to thelast known residence address of the real estate salesperson stating that a copy of the licensehas been delivered, mailed, or electronically submitted to the commission. A copy of thecommunication to the real estate salesperson shall accompany the copy of the license whensubmitted to the commission. It is unlawful for any real estate salesperson to perform anyof the acts contemplated by this chapter either directly or indirectly under authority of alicense from and after the date of receipt of a copy of the license by the commission.

sperson to perform anyof the acts contemplated by this chapter either directly or indirectly under authority of alicense from and after the date of receipt of a copy of the license by the commission. Thecommission shall, upon presentation of evidence by the salesperson that the salesperson hasbeen employed by or is associated with another broker, issue another license for the balanceof the current license period showing each change of employment or association. A fee asdetermined by the commission shall be charged for the issuance of the license. Not morethan one license shall be issued to any real estate salesperson for the same period of time. [C31, 35, §1905-c47; C39, §1905.44; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.33; 81 Acts, ch 54, §20] C93, §543B.332011 Acts, ch 73, §2; 2017 Acts, ch 71, §6Referred to in §543B.43 Sat Dec 23 01:45:29 2023 Iowa Code 2024, Section 543B.33 (20, 1)