California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 3 — Disciplinary Action, Section 10177.3
(a) No licensee shall knowingly or intentionally misrepresent the value of real property.
(b) No licensee that offers or provides an opinion of value of residential real property that is used as the basis for the origination of a mortgage loan shall have a prohibited interest in that property, within the meaning of Section 226.42(d) of Title 12 of the Code of Federal Regulations and the accompanying commentary contained in Volume 75 of the Federal Register, page 66554, dated October 28, 2010.
Notes
Prohibits a licensee from knowingly or intentionally misrepresenting the value of real property. It also prohibits a licensee who offers or provides an opinion of residential real-property value used to originate a mortgage loan from having a prohibited interest in that property as defined by the cited federal regulation and commentary.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10177.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-3/section-10177-3