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 10139

Any person acting as a real estate broker, real estate salesperson, or mortgage loan originator without a license or license endorsement, or who advertises using words indicating that he or she is a real estate broker, real estate salesperson, or mortgage loan originator without being so licensed or without having obtained a license endorsement, shall be guilty of a public offense punishable by a fine not exceeding twenty thousand dollars ($20,000), or by imprisonment in the county jail for a term not to exceed six months, or by both fine and imprisonment; or if a corporation, be punished by a fine not exceeding sixty thousand dollars ($60,000). If a Real Estate Fraud Prosecution Trust Fund, as described in Section 27388 of the Government Code, exists in the county where a person or corporation is convicted, any fine collected from the person in excess of ten thousand dollars ($10,000) or any fine collected from the corporation in excess of fifty thousand dollars ($50,000) shall be deposited in that Real Estate Fraud Prosecution Trust Fund.

Notes

Prohibits acting or advertising as a real estate broker, salesperson, or mortgage loan originator without required licensure or endorsement. Sets punishment up to $20,000, six months in county jail, or both, or $60,000 for a corporation; if a county Real Estate Fraud Prosecution Trust Fund exists, fines above $10,000 for a person or $50,000 for a corporation go to it.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 10139 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-1/section-10139

Disclaimer: Codes available on Lexinter may not reflect the most current laws in your jurisdiction. We make no warranties regarding the accuracy, completeness, or adequacy of the information provided. Always verify the status of any code with your state legislature or official government sources before relying on it for legal purposes.