California Law (Last Updated: March 4, 2014) |
Business and Professions Code - BPC |
Division 4. REAL ESTATE |
Part 1. LICENSING OF PERSONS |
Chapter 3. Real Estate Regulations |
ARTICLE 5. Transactions in Trust Deeds and Real Property Sales Contracts |
Section 10236.1.
Latest version.
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No real estate licensee shall advertise to give or to offer to give to a prospective purchaser or lender any premium, gift or any other object of value as an inducement for making a loan, or purchasing a promissory note secured directly or collaterally by a lien on real property or a real property sales contract.
(Amended by Stats. 1998, Ch. 126, Sec. 1. Effective January 1, 1999.)