California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 6 — Claim of Exemption From Securities Qualification, Section 10239.1
Nothing in this article shall be construed to change the agency relationships between the parties where they exist or limit in any manner the fiduciary duty of brokers to borrowers, lenders, and purchasers of notes or interests in transactions subject to this article.
Notes
Limits this article from changing existing agency relationships among parties or restricting brokers’ fiduciary duties. Where those relationships exist, brokers continue to owe their fiduciary duties to borrowers, lenders, and purchasers of notes or interests in transactions subject to the article, preserving those relationships and duties while the article applies.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10239.1 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-6/section-10239-1