California Business and Professions Code

§ 10232

BPC § 10232 Effective Jan 1, 2007Div. 4 · Part 1 · Ch. 3 · Art. 5

Statute text

(a)Except as otherwise expressly provided, Sections 10232.2, 10232.25, 10233, and 10236.6 are applicable to every real estate broker who intends or reasonably expects in a successive 12 months to do any of the following:

(1)Negotiate a combination of 10 or more of the following transactions pursuant to subdivision (d) or (e) of Section 10131 or Section 10131.1 in an aggregate amount of more than one million dollars ($1,000,000):

(A)Loans secured directly or collaterally by liens on real property or on business opportunities as agent for another or others.

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Legislative history

Amended by Stats. 2006, Ch. 760, Sec. 11. Effective January 1, 2007.