This bill amends Section 543B.16 of the Iowa Code to enhance the license application process for real estate brokers and salespersons. It introduces a new subsection that requires the real estate commission to prepare an application form that allows individuals holding a real estate broker license to apply for a real estate salesperson license, and vice versa.

Importantly, the new application form will enable applicants to specify whether the new license should take effect immediately upon approval or upon the expiration of their current license. This change aims to provide greater flexibility for real estate professionals during the licensing process.

Statutes affected:
Introduced: 543B.16