California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 4 — Fees, Section 10211
If the licensee is a corporation, the license issued to it entitles one officer thereof, on behalf of the corporation, to engage in the business of real estate broker without the payment of any further fee, such officer to be designated in the application of the corporation for a license. For each officer other than the officer so designated, through whom it engages in the business of real estate broker, the appropriate original or renewal fee is to be paid in addition to the fee paid by the corporation.
Notes
Allows a corporate real-estate license to authorize one officer designated in the corporation’s application to conduct real-estate brokerage for the corporation without an additional fee. Requires payment of the appropriate original or renewal fee, beyond the corporation’s own fee, for every other corporate officer through whom the corporation conducts real-estate-broker business.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10211 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-4/section-10211