California Law (Last Updated: March 4, 2014) |
Business and Professions Code - BPC |
Division 4. REAL ESTATE |
Part 1. LICENSING OF PERSONS |
Chapter 7. Mineral, Oil and Gas Brokerage |
ARTICLE 1. Scope of Regulation |
Section 10509.
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(a) It is unlawful for a mineral, oil, and gas broker or a real estate broker to employ or compensate, directly or indirectly, any person who is not a mineral, oil, and gas broker or a licensed real estate salesperson in the employ of the real estate broker for performing any acts for which a mineral, oil, and gas broker license is required.
(b) It is a misdemeanor, punishable by a fine of not exceeding one hundred dollars ($100) for each offense, for any person, whether obligor, escrow holder or otherwise, to pay or deliver compensation to a person for performing any acts for which a mineral, oil, and gas broker license is required unless that person is known by the payer to be or has presented evidence to the payer that he or she was a licensed mineral, oil, and gas broker at the time the compensation was earned.