California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 1 — Scope of Regulation, Section 10133.3
The provisions of Sections 10131 and 10131.2 relating to business opportunities do not apply to any person, partnership, corporation, or other legal entity which for another or others sells or offers to sell, solicits prospective sellers or purchasers of, solicits or obtains listings of, advertises for sale, buys or offers to buy, or negotiates the purchase, sale, or exchange of radio, television, or cable enterprises which are licensed and regulated by the Federal Communications Commission, or any successor agency, pursuant to the Communications Act of 1934, as amended and which purchase, sale, or exchange is not in substance a transfer of real property.
Notes
Exempts specified business-opportunity provisions from applying to a person or entity acting for others in selling, buying, listing, advertising, or negotiating radio, television, or cable enterprises licensed and regulated by the Federal Communications Commission or successor under the Communications Act of 1934, provided the transaction is not in substance a transfer of real property.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10133.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-1/section-10133-3