Iowa § 543C.1 Definitions

Iowa Statutes

§ 543C.1 — Definitions

Iowa § 543C.1

Title XIIICOMMERCE

Ch. 543CSALES OF SUBDIVIDED LAND OUTSIDE OF IOWA

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Bluebook

Iowa Code § 543C.1 (2026).

Text

As used in this chapter, unless the context otherwise indicates:

1.“Advertisement” means the attempt by dissemination, solicitation, or circulation to directly or indirectly induce any person to enter into any obligation or acquire any title or interest in land offered for sale or lease to the public in this state.

2.“Commission” means the real estate commission as established by chapter 543B.

3.“Sale” means any sale, offer for sale, or attempt to sell or lease any land, to the public in this state, for cash or on credit.

4.“Subdivided land” means improved or unimproved land divided or proposed to be divided for the purpose of sale or lease into five or more lots or parcels, or additions or parts of lots or parcels; however, subdivided land does not include a subdivision subject to sec

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As used in this chapter, unless the context otherwise indicates:
1. “Advertisement” means the attempt by dissemination, solicitation, or circulation to
directly or indirectly induce any person to enter into any obligation or acquire any title or
interest in land offered for sale or lease to the public in this state.
2. “Commission” means the real estate commission as established by chapter 543B.
3. “Sale” means any sale, offer for sale, or attempt to sell or lease any land, to the public
in this state, for cash or on credit.
4. “Subdivided land” means improved or unimproved land divided or proposed to be
divided for the purpose of sale or lease into five or more lots or parcels, or additions or parts
of lots or parcels; however, subdivided land does not include a subdivision subject to section
306.21 or chapter 354 nor the leasing of apartments, offices, stores, or similar space within
an apartment building, industrial building, or commercial building unless an undivided
interest in the land is granted as a condition precedent to occupying space in the structure.
Subdivided land does not include subdivisions of land located within the state of Iowa or
time-share intervals as defined in section 557A.2.
5. “Subdivider” means any person, firm, partnership, company, corporation, or
association engaging directly or through an agent in the business of selling or leasing
subdivided land, or of offering such land for sale or lease, to the public in this state.