Chapter 1 adds new subrules 1.23(5), 1.23(6), 1.42(10) and 1.42(11) to clarify that
licensees that are not a party to the listing agreement or brokerage agreement are
prohibited from interfering with contracts between other licensees and the public.
Chapters 4 "Investigations
and Disciplinary Procedures" is rescinded and replaced by new a chapter 4
which implements changes to of 1998 Iowa Acts, chapter 1202 .
Chapter 7 "Declaratory
Rulings" is rescinded and replaced by a new chapter 7 "Declaratory
Orders" which implements changes to model rules as required by administrative
procedure act as a result of 1998 Iowa Acts, chapter 1202 as well.
"Prelicense Education and Continuing Education" amemdments establish
specific guidelines for approval of live classroom courses, distance education courses and
home-study courses. Other amendments are for purposes of removing dates that have passed.
An additional amendment clarifies that non-resident broker and broker associates and
licensees who qualify under 2.3 or obtain a reciprocal license shall complete the
brokerage management courses on a one-time-only basis, at the time of the licensees
first Iowa renewal, unless there is a reciprocal education agreement between the states.