California Business and Professions Code

§ 10131

BPC § 10131 Effective Jan 1, 2019Div. 4 · Part 1 · Ch. 3 · Art. 1

Statute text

A real estate broker within the meaning of this part is a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others:

(a)Sells or offers to sell, buys or offers to buy, solicits prospective sellers or buyers of, solicits or obtains listings of, or negotiates the purchase, sale, or exchange of real property or a business opportunity.

(b)Leases or rents or offers to lease or rent, or places for rent, or solicits listings of places for rent, or solicits for prospective tenants, or negotiates the sale, purchase, or exchanges of leases on real property, or on a business opportunity, or collects rents from real property, or improvements thereon, or from business opportunities.

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Legislative history

Amended by Stats. 2018, Ch. 285, Sec. 27. (AB 2884) Effective January 1, 2019.