Cal. Bus. & Prof. Code § 10139

Current through the 2023 Legislative Session.
Section 10139 - Unlawful acting or advertising without license

Any person acting as a real estate broker, real estate salesperson, or mortgage loan originator without a license or license endorsement, or who advertises using words indicating that he or she is a real estate broker, real estate salesperson, or mortgage loan originator without being so licensed or without having obtained a license endorsement, shall be guilty of a public offense punishable by a fine not exceeding twenty thousand dollars ($20,000), or by imprisonment in the county jail for a term not to exceed six months, or by both fine and imprisonment; or if a corporation, be punished by a fine not exceeding sixty thousand dollars ($60,000). If a Real Estate Fraud Prosecution Trust Fund, as described in Section 27388 of the Government Code, exists in the county where a person or corporation is convicted, any fine collected from the person in excess of ten thousand dollars ($10,000) or any fine collected from the corporation in excess of fifty thousand dollars ($50,000) shall be deposited in that Real Estate Fraud Prosecution Trust Fund.

Ca. Bus. and Prof'l. Code § 10139

Amended by Stats 2010 ch 287 (SB 1137),s 2, eff. 1/1/2011.
Amended by Stats 2008 ch 156 (SB 1448),s 1, eff. 1/1/2009.