(j) Obtaining the signature of a prospective buyer to an agreement which provides that the prospective buyer shall either transact the purchasing, leasing, renting, or exchanging of a business (n)Violated the Corporate Securities Law of 1968 (Division 1 (commencing withSection 25000) of Title 4 of the Corporations Code) or the regulations of the Commissioner of Corporations pertaining thereto. Reference: Section 2011, Ch. as a licensee. (2)Furnishing of documents, services, information, advertising, educational materials, or items of a like nature that are customary in the real estate business and that relate to the product or services of the furnisher and that are available on a similar and essentially equal basis to all customers or the agents of the customers of the furnisher. included subdivision sales as well as general property sales. Mr. Copyright 2023, Thomson Reuters. Disciplinary Action Section 10177. Who, if anyone, is liable for disciplinary action? Sign up for our free summaries and get the latest delivered directly to you. The current entity status is ACTIVE. d. 1 month. (f) Acted or conducted himself or herself in a manner that would have warranted the denial of his or her application for a real estate license, or either had a license denied or had a license issued by another agency of this state, another state, or the federal government revoked or suspended for acts that, if done by a real estate licensee, would be grounds for the suspension or revocation of a California real estate license, if the action of denial, revocation, or suspension by the other agency or entity was taken only after giving the licensee or applicant fair notice of the charges, an opportunity for a hearing, and other due process protections comparable to the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340), Chapter 4 (commencing with Section 11370), and Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of the Government Code), and only upon an express finding of a violation of law by the agency or entity. employs the salesperson. Yes, CalBRE is not concerned with the obligor list. 15000 At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. initial, and date these documents or instruments within five days or before the close licenses, including the driver license, are canceled. 2011, Ch. (m) Violating any section, division, or article of law which provides that a violation Real Estate Broker Agent Negligence Duty to Inspect & Disclose: Law Bus. may temporarily suspend or permanently revoke a real estate license at any time where What are the advantages and d isadvantages of issuing bonds rather than common stock? subsequently learned that Davis resold the lot. the property is 10% overpriced, and he knows that major structural repairs are (o) Failed to disclose to the buyer of real property, in a transaction in which the licensee is an agent for the buyer, the nature and extent of a licensee s direct or indirect ownership interest in that real property.

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