California Statutes
§ 10509. — 10509. (Amended by Stats. 2018, Ch. 285, Sec. 52.)
California·Code BPC Business and Professions Code - BPC·Div. 4. DIVISION 4. REAL ESTATE·Part 1. PART 1. LICENSING OF PERSONS·Ch. 7. CHAPTER 7. Mineral, Oil and Gas Brokerage·Art. 1. ARTICLE 1. Scope of Regulation
(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 compen
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California § 10509. (10509. (Amended by Stats. 2018, Ch. 285, Sec. 52.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2018, Ch. 285, Sec. 52. (AB 2884) Effective January 1, 2019.