Iowa PLB

Discipline Details

Discipline Information

 
C-REC-21-00114
B63134000
Jesse Wayne Derrick
8/12/2021
Consent Order
Informal Settlement Agreement. Reprimand. $1,500 Civil Penalty.
COUNT I - Respondent is charged with engaging in practices harmful or detrimental to the public in violation of Iowa Code sections 543B.29(1)(d), 543B.34(1), 543B.34(1)(f), 543B.62(3)(b) (2021) by conducting real estate business (property management) independently outside of the licensed broker or firm he 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(5)(s).

COUNT II - Respondent is charged with failing to keep his employing broker fully informed of all activities being conducted on behalf of the broker and any other activities that might have an impact on the broker’s responsibilities in violation of Iowa Code Iowa Code §§ 543B.34(1), 543B.62(3)(b) (2021). See 193E Iowa Administrative Code §§ 7.11(1), 18.2(2), 18.14(5)(n).

COUNT III - 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) 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(5)(n), 18.14(5)(s).
Satisfied
8/12/2021
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Regulation Violations

Regulation Licensing Board
-543B.29(1)(d)    Real Estate Commission   
193E-4.1(3)    Real Estate Commission   
-543B.34(1)    Real Estate Commission   
-543B.34(1)(f)    Real Estate Commission   
-543B.62(3)(b)    Real Estate Commission   
193E-7.1(8)    Real Estate Commission   
193E-7.11(1)    Real Estate Commission   
193E-15.1    Real Estate Commission   
193E-18.14(5)(n)    Real Estate Commission   
193E-18.14(5)(s)    Real Estate Commission   
193E-18.2(2)    Real Estate Commission   
-543B.5(20)    Real Estate Commission   
193E-18.2(1)    Real Estate Commission