| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | contract_only |
| What that means in practice | 543B.3 opens with 'acting for another for a fee', so own-account activity is outside it. But two clauses matter to us specifically: '(5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements on real estate' and '(9) Prepares offers to purchase or purchase agreements, listing contracts, buyer's representation agreements, agency disclosures ... including any modifications, amendments, or addendums to these specific documents.' Clause (9) is a DOCUMENT-PREPARATION restriction: generating a purchase agreement for a THIRD-PARTY user in Iowa is squarely inside it. Preparing OUR OWN offer as the principal is not 'for another'. |
| What triggers a licence requirement | Acting 'for another for a fee, commission, or other compensation or promise' in the listed acts -- which in Iowa INCLUDE dealing in options and PREPARING OFFERS TO PURCHASE / PURCHASE AGREEMENTS (Iowa Code 543B.3(5), (9)). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Market the contract, not the property. CRITICAL PRODUCT CONSTRAINT: Iowa Code 543B.3(9) means PropertyProAI must not generate purchase agreements for third-party Iowa users -- only for Elite AI Holdings LLC as principal. Flagged for attorney review. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE |
| tax delinquent | GO_WITH_DISCLOSURE |
the whole grid · probate in IA · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
Entity: Elite AI Holdings LLC. Site index · Free vs. pro tools · Open data API · Correction / opt-out · Privacy · Terms · Do Not Sell / Privacy Request · Account.
← Elite AI Empire home