California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 1 — General ProvisionsSection 10018.10
Except as provided in Section 10239.2, “sell,” “sale,” or “sold” means a transaction for the transfer of real property from a seller to a buyer, and includes (a) an exchange of real property between a seller and a buyer, (b) a real property sales contract within the meaning of Section 2985 of the Civil Code, and (c) a leasehold exceeding one year’s duration.
Notes
Defines “sell,” “sale,” and “sold,” except as provided by the cited section, as a transaction transferring real property from a seller to a buyer. The terms expressly include exchanges between sellers and buyers, real property sales contracts within the cited Civil Code definition, and leaseholds lasting more than one year.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10018.10 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-1/section-10018-10