Licenses

Cal. BPC § 10159.7

California Statutes

(

a) For the purposes of this article, the following

definitions shall apply: (1) “Fictitious business name” means a professional identity or brand name under which activity requiring a real estate license is conducted and the use of which is subject to approval by the department pursuant to

Section 10159.5. (2) “Ownership of a fictitious business name” means the right to use, renew, and control the use of a fictitious business name obtained in accordance with

Section 10159.5. (3) “Team name” means a professional identity or brand name used by a salesperson, and one or more other real estate licensees, for the provision of real estate licensed services. Notwithstanding any other law, the use of a team name does not require that a separate license be issued for that name pursuant to

Section 10159.5. A team name does not constitute a fictitious business name for purposes of this part or any other law or for purposes of filing a fictitious business name statement with an application as required by subdivision (

a) of

Section 10159.5 if all of the following apply: (

A) The name is used by two or more real estate licensees who work together to provide licensed real estate services, or who represent themselves to the public as being a part of a team, group, or association to provide those services. (

B) The name includes the surname of at least one of the licensee members of the team, group, or association in conjunction with the term “associates,” “group,” or “team.” (

C) The name does not include any term or terms, such as “real estate broker,” “real estate brokerage,” “broker,” or “brokerage” or any other term that would lead a member of the public to believe that the team is offering real estate brokerage services, that imply or suggest the existence of a real estate entity independent of a responsible broker. (

b) Nothing in this

section changes a real estate broker’s duties under this division to supervise a salesperson.

Document details

CollectionCalifornia Statutes
CitationCal. BPC § 10159.7
Date2019-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierBPC10159.7.201828539

Licenses

Cal. BPC § 10159.7

California Statutes

Licenses

Cal. BPC § 10159.7

California Statutes

(

a) For the purposes of this article, the following

definitions shall apply: (1) “Fictitious business name” means a professional identity or brand name under which activity requiring a real estate license is conducted and the use of which is subject to approval by the department pursuant to

Section 10159.5. (2) “Ownership of a fictitious business name” means the right to use, renew, and control the use of a fictitious business name obtained in accordance with

Section 10159.5. (3) “Team name” means a professional identity or brand name used by a salesperson, and one or more other real estate licensees, for the provision of real estate licensed services. Notwithstanding any other law, the use of a team name does not require that a separate license be issued for that name pursuant to

Section 10159.5. A team name does not constitute a fictitious business name for purposes of this part or any other law or for purposes of filing a fictitious business name statement with an application as required by subdivision (

a) of

Section 10159.5 if all of the following apply: (

A) The name is used by two or more real estate licensees who work together to provide licensed real estate services, or who represent themselves to the public as being a part of a team, group, or association to provide those services. (

B) The name includes the surname of at least one of the licensee members of the team, group, or association in conjunction with the term “associates,” “group,” or “team.” (

C) The name does not include any term or terms, such as “real estate broker,” “real estate brokerage,” “broker,” or “brokerage” or any other term that would lead a member of the public to believe that the team is offering real estate brokerage services, that imply or suggest the existence of a real estate entity independent of a responsible broker. (

b) Nothing in this

section changes a real estate broker’s duties under this division to supervise a salesperson.

Document details

CollectionCalifornia Statutes
CitationCal. BPC § 10159.7
Date2019-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierBPC10159.7.201828539
Licenses | CaseLite