# Iowa Code § 543B.2: Individual licenses necessary

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.2

## Section

- **Citation:** Iowa Code § 543B.2
- **Heading:** Individual licenses necessary
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 543B / Section 543B.2

## Text

A partnership, association, corporation, professional corporation, or professional limited liability company shall not be granted a license, unless every member or officer of the partnership, association, corporation, professional corporation, or professional limited liability company who actively participates in the brokerage business of the partnership, association, corporation, professional corporation, or professional limited liability company holds a license as a real estate broker or salesperson, and unless every employee who acts as a salesperson for the partnership, association, corporation, professional corporation, or professional limited liability company holds a license as a real estate broker or salesperson. At least one member or officer of each partnership, association, corporation, professional corporation, 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, §3

## Nearby sections

- [Iowa Code § 543B.1 License mandatory.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.1.md)
- [Iowa Code § 543B.2 Individual licenses necessary.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.2.md)
- [Iowa Code § 543B.3 Broker — definition.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.3.md)
- [Iowa Code § 543B.4 Real estate — definition.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.4.md)
- [Iowa Code § 543B.5 Other definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.5.md)
- [Iowa Code § 543B.6 Acts constituting dealing in real estate.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.6.md)
- [Iowa Code § 543B.6A Wholesaling of residential property.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.6A.md)
- [Iowa Code § 543B.7 Acts excluded from provisions prohibited acts penalties.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.7.md)
- [Iowa Code § 543B.7A Exclusions rental or leasing on behalf of another.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.7A.md)
- [Iowa Code § 543B.8 Real estate commission created staff.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.8.md)
- [Iowa Code § 543B.9 Rules.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.9.md)
- [Iowa Code § 543B.12 Expenses of members — compensation.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.12.md)
- [Iowa Code § 543B.13 Seal — records.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.13.md)
- [Iowa Code § 543B.14 Fees and expenses.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.2. Check the current official text before relying on it. Not legal advice.