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 10137.1
Nothing contained in this division shall preclude a partnership from performing acts for which a real estate broker license is required, provided every partner through whom the partnership so acts is a licensed real estate broker.
Notes
Allows a partnership to perform acts requiring a real estate broker license, despite the division’s other provisions, provided every partner through whom the partnership performs those acts is a licensed real estate broker. The authorization depends on each acting partner holding that broker license when the partnership performs the licensed activity.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10137.1 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-1/section-10137-1