2009 Iowa Code
Title 14 - Property
Subtitle 2 - Real Property - Gifts
CHAPTER 558A - REAL ESTATE DISCLOSURES
558A.1 - DEFINITIONS.

        558A.1  DEFINITIONS.
         As used in this chapter, unless the context otherwise requires:
         1.  "Broker" means a real estate broker licensed pursuant to
      chapter 543B.
         2.  "Commission" means the real estate commission created
      pursuant to section 543B.8.
         3.  "Salesperson" means a salesperson licensed pursuant to
      chapter 543B.
         4.  "Transfer" means the transfer or conveyance by sale,
      exchange, real estate contract, or any other method by which real
      estate and improvements are purchased, if the property includes at
      least one but not more than four dwelling units.  However, a transfer
      does not include any of the following:
         a.  A transfer made pursuant to a court order, including but
      not limited to a transfer under chapter 633 or 633A, the execution of
      a judgment, the foreclosure of a real estate mortgage pursuant to
      chapter 654, the forfeiture of a real estate contract under chapter
      656, a transfer by a trustee in bankruptcy, a transfer by eminent
      domain, or a transfer resulting from a decree for specific
      performance.
         b.  A transfer to a mortgagee by a mortgagor or successor in
      interest who is in default, or a transfer by a mortgagee who has
      acquired real property at a sale conducted pursuant to chapter 654, a
      transfer back to a mortgagor exercising a right of first refusal
      pursuant to section 654.16A, a nonjudicial voluntary foreclosure
      procedure under section 654.18 or chapter 655A, or a deed in lieu of
      foreclosure under section 654.19.
         c.  A transfer by a fiduciary in the course of the
      administration of a decedent's estate, guardianship, conservatorship,
      or trust.
         d.  A transfer between joint tenants or tenants in common.
         e.  A transfer made to a spouse, or to a person in the lineal
      line of consanguinity of a person making the transfer.
         f.  A transfer between spouses resulting from a decree of
      dissolution of marriage, a decree of legal separation, or a property
      settlement agreement which is incidental to the decree, including a
      decree ordered pursuant to chapter 598.
         g.  A transfer to or from the state, a political subdivision
      of the state, another state, or the United States.
         h.  A transfer by quitclaim deed.
         i.  A transfer by a power of attorney.
         5.  "Transferee" means a person who is acquiring real property
      as provided in an instrument containing the power to transfer real
      estate, including an instrument described in section 558.1.
         6.  "Transferor" means a person who is transferring real
      property as provided in an instrument containing the power to
      transfer real estate, including an instrument described in section
      558.1.  

         93 Acts, ch 30, §3; 2006 Acts, ch 1030, §70; 2006 Acts, ch 1055,
      §5