§ 10509. — 10509. (Amended by Stats. 2018, Ch. 285, Sec. 52.)

California § 10509.

• Jurisdiction: 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

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.