Should someone in California act in the capacity of a real estate salesperson without being licensed under the California licensing laws, that individual cannot receive any compensation for such acts. Section 10132 of the Code defines a real estate salesperson and the acts requiring licensure and employment by a real estate broker.
If an unlicensed person DOES act as a real estate salesperson or broker, he or she will be penalized under the law.
In addition to the unlicensed person being held accountable, if a broker has ALLOWED this person to operate under him and compensated this person for performing real estate activities that BY LAW require the person to possess a license, then that broker will ALSO be disciplined under the law. The Commissioner may impose a fine against any real estate broker who is found in a disciplinary hearing to have compensated an unlicensed person for performing such activities without a license. In addition, if said broker has compensated the non-licensed for the activities for which he is not licensed, that broker is guilty of a misdemeanor and may also be fined by the courts, under Sections 10138, 10139, 10139.5 of the Code.
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2084 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1336 |
201 | Property taxes in California | 2019.05.22 | 118 |
200 | Law 6 | 2019.05.03 | 118 |
199 | Chapter 7 Conclusion | 2019.04.14 | 118 |
198 | Real Estate Law 61 | 2019.05.11 | 116 |
197 | Real Estate Practice -1 (Understanding-Answers) | 2019.04.11 | 116 |
196 | Chapter 8 Quiz | 2019.03.04 | 116 |
195 | Equitable title | 2019.05.22 | 115 |
194 | Real Estate Law 75 | 2019.05.13 | 115 |
193 | Real Estate Law 68 | 2019.05.12 | 115 |
192 | Real Estate Law 15 | 2019.05.06 | 115 |
191 | Real Estate Law 8 | 2019.05.05 | 114 |
190 | Real Estate Law 38 | 2019.05.08 | 113 |
189 | Leasehold Estates in Real Estate | 2019.04.01 | 113 |
188 | Chapter 17 Conclusion | 2019.03.10 | 113 |
187 | Founders | 2018.11.14 | 113 |
186 | Real Estate Law 35 | 2019.05.08 | 112 |
185 | Real Estate Law 78 | 2019.05.14 | 111 |
184 | Real Estate Law 54 | 2019.05.11 | 111 |
183 | TEST 25 | 2019.03.27 | 111 |
182 | Real Estate Law 106 | 2019.05.17 | 110 |
181 | Real Estate Law 84 | 2019.05.15 | 110 |
180 | void contract | 2019.05.22 | 109 |
179 | Real Estate Law 79 | 2019.05.14 | 109 |
178 | 민사소송 소멸시효 (Statute of Limitations) | 2019.04.02 | 109 |
177 | Real Estate Law 86 | 2019.05.15 | 108 |
176 | Real Estate Law 41 | 2019.05.09 | 108 |
175 | Real Estate Law 40 | 2019.05.09 | 108 |
174 | Real Estate Law 16 | 2019.05.06 | 108 |
173 | Top 10 BEST CITIES to Live in America for 2022 (Stay to the end for extras) | 2022.09.16 | 107 |
172 | Real Estate Law 34 | 2019.05.08 | 107 |