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2020 California Code
Business and Professions Code - BPC
DIVISION 4 - REAL ESTATE
PART 1 - LICENSING OF PERSONS
CHAPTER 3 - Real Estate Regulations
ARTICLE 1 - Scope of Regulation
Section 10131.3.
Universal Citation: CA Bus & Prof Code § 10131.3 (2020)
10131.3.
A real estate broker within the meaning of this part is also a person who, for another or others, for compensation or in expectation of compensation, issues or sells, solicits prospective sellers or purchasers of, solicits or obtains listings of, or negotiates the purchase, sale, or exchange of securities as specified in Section 25206 of the Corporations Code.
The provisions of this section do not apply to a broker-dealer or agent of a broker-dealer licensed by the Commissioner of Business Oversight under the provisions of the Corporate Securities Law of 1968.
(Amended by Stats. 2019, Ch. 143, Sec. 5. (SB 251) Effective January 1, 2020.)
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