Iowa PLB

Discipline Details

Discipline Information

 
C-REC-21-00029
S67303000
Teresa Coombs
1/31/2023
Consent Agreement
Informal Settlement Agreement. $1500 civil penalty.
COUNTI
13. Respondent is charged with engaging in practices harmful or detrimental to the public in violation of Iowa Code sections 543B.29(1}(d), 5438.340), 543B.34f l){f), 5438.62(3}(b) {2021) by conducting real estate business (property management) independently outside of the licensed broker or firm she Is assigned to. See 193E Iowa Administrative Code sections 4.1(3), 7.1(8}, 7.11(1), 15.1, 18.14(5)(n), 18.14(S)(s).
Count II
14. Respondent is charged with engaging ·in practices 'harm fut or detrimental to the public in violation of Iowa Code sections 543B.1, 543B.2, 543B.5(6), 543B.29(l)(d), 5438.34(1),
543B.34{1)(f), 543B.62(3)(b) (2021) by failing to obtain a license for her corporation before its acting as a real estate brokerage in the state of Iowa. See 193E Iowa Administrative Code sections 7.2(1), 18.14{5)(s).
COUNT Ill
15. Respondent is charged with engaging in practices harmful or detrimental to the public in violation of Iowa Code sections 543B.5(20), 543B.29{1)(d), 543B.34(1)(e) (2021) by accepting a commission or valuable consideration as a salesperson for the performance of property management duties from a person that is not the salesperson's employing real estate broker. See 193E Iowa Administrative Code sections 4.1{3), 15.1, 18.2(1), 18.14(S)(n), 18.14(S)(s).
Satisfied
1/31/2023
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