This is a facsimile of the original document, duplicate originals of this Agreement shall be retained by each state.

Idaho License Recognition License Requirements for Iowa Licensees

This Agreement is between the State of Idaho (hereinafter referred to as "Idaho") and the State of Iowa (hereinafter referred to as "Iowa").

WHEREAS Idaho and Iowa desire to enter into an agreement concerning the granting of real estate licenses in their respective states; and

WHEREAS the Real Estate Commission of the State of Idaho and the Iowa Real Estate Commission have the legal authority to enter into this License Recognition agreement, (hereinafter referred to as "Agreement");

WHEREAS the purpose this Agreement is to facilitate business and commerce between the two states while coordinating the efforts of each state to oversee the activities of licensees and better protect consumers, and is in the public interest of the citizens of Idaho and Iowa:

NOW, THEREFORE, IT IS AGREED THAT LICENSES MAY BE GRANTED UPON THE FOLLOWING TERMS AND CONDITIONS:

1. The successful completion of the Idaho real estate salesperson's licensing examination, and the granting of a primary real estate salesperson's license by Idaho, shall be recognized by Iowa in satisfaction of its licensing requirements for real estate salesperson, and will enable an actively-licensed Idaho salesperson to obtain, upon the filing of the proper application and fees, an Iowa salesperson's license.

2. The successful completion of the Iowa real estate salesperson's licensing examination, and the granting of a real estate salesperson's license by Iowa, shall be recognized by Idaho in satisfaction of its licensing requirements for real estate salesperson, and will enable an actively-licensed Iowa salesperson to obtain, upon the filing of the proper application and fees, a primary Idaho salesperson's license.

3. The successful completion of the Idaho real estate broker's licensing examination and the granting of a primary real estate broker's license by Idaho shall be recognized by Iowa in satisfaction of its licensing requirements for real estate broker and will enable an actively-licensed Idaho broker to obtain, upon the filing of the proper application and fees, an Iowa real estate broker's license.

4. The successful completion of the Iowa real estate broker's licensing examination and the granting of a primary real estate broker's license by Iowa shall be recognized by Idaho in satisfaction of its licensing requirements for real estate broker and will enable an actively-licensed Iowa broker to obtain, upon the filing of the proper application and fees, a primary Idaho real estate broker's license.

5. The parties to this Agreement shall issue, renew and continue a license only where a licensee granted a license under this Agreement complies with the continuing education requirements of his or her state of residence, and provides proof of such compliance in the form required by the state issuing or renewing the license. Should it appear to either licensing authority, in its good judgment, that an applicant is seeking a change in licensure, from one state to the other, for the purpose of avoiding the continuing education requirements of the states, such authority may deny the application for licensure, or may require proof of completed continuing education course work before issuing or renewing the license.

6. The applicant's state of residence shall, upon request from the state issuing the license, provide a certificate of license history certifying the applicant's current licensure and good standing in the applicant's state of residence.

7. Applicants for licensure under this Agreement shall agree to be bound by the statutes and regulations of the state issuing the license, including the laws regarding the proper location of trust funds and entrusted property.

8. Applicants for licensure under this Agreement shall agree to the service of process in any civil action in the form prescribed by the state issuing the license.

9. Applicants for licensure under this Agreement shall agree to submit to the jurisdiction of the state issuing the license, for purposes of investigation and disciplinary action.

10. The duration of this Agreement shall be ongoing until terminated in accordance with the terms herein.

11. The provisions of this Agreement shall be administered in Idaho by the Idaho Real Estate Commission through its Executive Director, and, in Iowa, by the Iowa Real Estate Commission through its Executive Secretary.

12. It is anticipated that no real or personal property shall be required for the administration of this Agreement.

13. The right is hereby reserved by either or both of the above-mentioned licensing authorities to, in the exercise of its discretion, refuse any application for licensure for just cause.

14. It is anticipated that all funds necessary to finance the administrative costs of this program in each state will be derived from sufficient license fees and appropriate charges made by the licensing authorities in each state, and will be borne fully by those persons seeking licensure under this Agreement. There will be no joint funding nor any shared costs of administration between the two state licensing authorities.

15. This Agreement may be terminated by either state, at any time, by written notification to the other state. Any such termination will occur midnight of the 60^th day after written notice is received by the other state. The notice of termination shall recite, within it, the effective date of the termination.

16. The parties acknowledge that, pursuant to section 67-2329, Idaho Code, this Agreement must be filed with and approved by the Idaho Secretary of State before it goes into effect. This Agreement shall be in full force and effect upon notification to the parties by the Idaho Secretary of State.

AGREEMENT APPROVED: Signatures are affixed to the original.

Signed by Donna M. Jones Executive Director, for IDAHO REAL ESTATE COMMISSION on August 30, 2000

Signed by Roger L. Hansen Executive Secretary, for IOWA REAL ESTATE COMMISSION On August 25, 2000