California Business and Professions Code

§ 10500

BPC § 10500 Effective Jan 1, 1994Div. 4 · Part 1 · Ch. 7 · Art. 1

Statute text

Except as otherwise provided in Section 10131.4 and this chapter, it is unlawful for any person to engage in any of the following acts for another or others for compensation or in expectation of compensation, unless the person is licensed as a mineral, oil, and gas broker or a real estate broker:

(a)To sell or offer for sale, buy or offer to buy, solicit prospective sellers or purchasers, solicit or obtain listings, or negotiate the purchase, sale, or exchange of mineral, oil, or gas property.

(b)To solicit borrowers or lenders for or negotiate loans on mineral, oil, or gas property, or collect payments for lenders in connection with these loans.

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Legislative history

Amended by Stats. 1993, Ch. 416, Sec. 15. Effective January 1, 1994.