California Business and Professions Code

§ 10177.4

BPC § 10177.4 Effective Jan 1, 1998Div. 4 · Part 1 · Ch. 3 · Art. 3

Statute text

(a)Notwithstanding any other provision of law, the commissioner may, after hearing in accordance with this part relating to hearings, suspend or revoke the license of a real estate licensee who claims, demands, or receives a commission, fee, or other consideration, as compensation or inducement, for referral of customers to any escrow agent, structural pest control firm, home protection company, title insurer, controlled escrow company, or underwritten title company. A licensee may not be disciplined under any provision of this part for reporting to the commissioner violations of this section by another licensee, unless the licensee making the report had guilty knowledge of, or committed or participated in, the violation of this section.

(b)The term “other consideration” as used in this section does not include any of the following:

(1)Bona fide payments for goods or facilities actually furnished by a licensee or for services actually performed by a licensee, provided these payments are reasonably related to the value of the goods, facilities, or services furnished.

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Legislative history

Amended by Stats. 1997, Ch. 718, Sec. 2. Effective January 1, 1998.