Cal. Bus. & Prof. Code § 10470

Current through the 2023 Legislative Session.
Section 10470 - Additional fee

If, on June 30 of any year, the balance remaining in the Consumer Recovery Account in the Real Estate Fund is less than two hundred thousand dollars ($200,000), every licensed broker, when obtaining or renewing any broker license within four years thereafter, shall pay, in addition to the license fee, a fee of seven dollars ($7); every licensed salesperson, when obtaining or renewing such license within four years thereafter, shall pay, in addition to the license fee, a fee of four dollars ($4); and every person holding a prepaid rental listing service license, when obtaining or renewing that license within two years thereafter, shall pay, in addition to the application fee, a fee of one dollar ($1). The fees from the broker, salesperson, and prepaid rental listing service licensees shall be paid into the State Treasury and credited to the Consumer Recovery Account.

Ca. Bus. and Prof'l. Code § 10470

Amended by Stats 2013 ch 436 (SB 269),s 6, eff. 1/1/2014.
Amended by Stats 2011 ch 712 (SB 706),s 16, eff. 1/1/2012.