California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 3 — Real Estate RegulationsArticle 1 — Scope of RegulationSection 10131.3
A real estate broker within the meaning of this part is also a person who, for another or others, for compensation or in expectation of compensation, issues or sells, solicits prospective sellers or purchasers of, solicits or obtains listings of, or negotiates the purchase, sale, or exchange of securities as specified in Section 25206 of the Corporations Code.
The provisions of this section do not apply to a broker-dealer or agent of a broker-dealer licensed by the Commissioner of Financial Protection and Innovation under the provisions of the Corporate Securities Law of 1968.
Notes
Defines a real estate broker to include a person who, for another and for compensation or expected compensation, issues, sells, solicits, lists, or negotiates specified securities transactions. Exempts a broker-dealer or broker-dealer agent licensed by the Commissioner of Financial Protection and Innovation under the Corporate Securities Law of 1968.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10131.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-1/section-10131-3