California Business and Professions Code

§ 10509

BPC § 10509 Effective Jan 1, 2019Div. 4 · Part 1 · Ch. 7 · Art. 1

Statute text

(a)It is unlawful for a mineral, oil, and gas broker or a real estate broker to compensate, directly or indirectly, any person who is not a mineral, oil, and gas broker or a licensed real estate salesperson retained by the real estate broker for performing any acts for which a mineral, oil, and gas broker license is required.

(b)It is a misdemeanor, punishable by a fine of not exceeding one hundred dollars ($100) for each offense, for any person, whether obligor, escrow holder, or otherwise, to pay or deliver compensation to a person for performing any acts for which a mineral, oil, and gas broker license is required unless that person is known by the payer to be or has presented evidence to the payer that he or she was a licensed mineral, oil, and gas broker at the time the compensation was earned.

Legislative history

Amended by Stats. 2018, Ch. 285, Sec. 52. (AB 2884) Effective January 1, 2019.