# Iowa Code § 543B.3: Broker — definition

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C543B_S543B.3

## Section

- **Citation:** Iowa Code § 543B.3
- **Heading:** Broker — definition
- **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.3

## Text

As used in this chapter, “real estate broker” means a person acting for another for a fee, commission, or other compensation or promise, whether it be for all or part of a person’s time, and who engages in any of the following acts:

(1) Sells, exchanges, purchases, rents, or leases real estate.

(2) Lists, offers, attempts, or agrees to list real estate for sale, exchange, purchase, rent, or lease.

(3) Advertises or holds oneself out as being engaged in the business of selling, exchanging, purchasing, renting, leasing, or managing real estate.

(4) Negotiates, or offers, attempts, or agrees to negotiate, the sale, exchange, purchase, rental, or lease of real estate.

(5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements on real estate.

(6) Collects, or offers, attempts, or agrees to collect, rent for the use of real estate.

(7) Assists or directs in the procuring of prospects, intended to result in the sale, exchange, purchase, rental, or leasing of real estate.

(8) Assists or directs in the negotiation of any transaction intended to result in the sale, exchange, purchase, rental, or leasing of real estate.

(9) Prepares offers to purchase or purchase agreements, listing contracts, buyer’s representation agreements, agency disclosures, real property residential and agricultural rental agreements, real property commercial rental agreements of one year or less, and groundwater hazard statements, including any modifications, amendments, or addendums to these specific documents.

[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §117.3]C93, §543B.395 Acts, ch 170, §2; 2002 Acts, ch 1031, §12024 Acts, ch 1052, §1; 2024 Acts, ch 1072, §1, 3, 4; 2024 Acts, ch 1154, §26, 27, 30

## 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.3. Check the current official text before relying on it. Not legal advice.