California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 7 — Mineral, Oil and Gas Brokerage, Article 1 — Scope of Regulation, Section 10500.5
Except as otherwise provided in Section 10131.45 and in this chapter, it is unlawful for any person to engage in the following businesses as a principal unless the person is licensed as a mineral, oil, and gas broker or a real estate broker:
(a) Except as provided in subdivision (d) of Section 10502, buying or leasing, or taking an option on mineral, oil, or gas property for the purpose of sale, exchange, lease, sublease, or assignment of a lease of the property or any part of the property.
(b) Offering mining claims or any interest therein for sale or assignment.
Notes
Prohibits a person, except as otherwise provided, from conducting mineral, oil, or gas businesses as a principal without a mineral, oil, and gas broker or real estate broker license. Covered business includes acquiring or leasing property or options for sale, exchange, lease, sublease, or assignment, subject to the cited exception, and offering mining claims or interests for sale or assignment.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10500.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-7/article-1/section-10500-5