Cal. Code Regs. tit. 10 § 2725.5

Current through Register 2024 Notice Reg. No. 24, June 14, 2024

Section 2725.5 - Broker Responsibility Regarding Debarred Persons

Business and Professions Code Section 10087 authorizes the Commissioner to debar licensed or unlicensed persons from any position of employment with, or management or control of, a real estate business. Such debarred persons are further prohibited by Section 10087 from participating in any business activity of a real estate salesperson or a real estate broker and from engaging in any real estate-related business activity on the premises where a real estate salesperson or real estate broker is conducting business.

A responsible broker is responsible for screening the broker's retained staff and employees, both licensed and unlicensed, for compliance with Section 10087. A responsible broker is responsible for screening regular business associates engaging in any real estate-related business activity on the responsible broker's premises, for compliance with Section 10087. Such broker responsibility includes, but is not limited to, quarterly review of the Department's online listing of debarred persons and of the listing of disciplinary actions published in the Department's quarterly bulletin. A responsible broker who becomes aware of violations of Section 10087 is responsible for reporting such violations to the Department.

Cal. Code Regs. Tit. 10, § 2725.5

1. New section filed 9-26-2011; operative 10-26-2011 (Register 2011, No. 39).
2. Change without regulatory effect amending second paragraph filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).
3. Amendment of second paragraph filed 1-21-2022; operative 4-1-2022 (Register 2022, No. 3).

Note: Authority cited: Section 10080, Business and Professions Code. Reference: Section 10087, Business and Professions Code.