CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 2992Introduced by Assembly Member Stephanie NguyenFebruary 16, 2024 An act to amend Section 10130 of the Business and Professions Code, relating to real estate.LEGISLATIVE COUNSEL'S DIGESTAB 2992, as introduced, Stephanie Nguyen. Real estate licenses.Existing law, the Real Estate Law, makes it unlawful for a person to engage in the business of a real estate broker or a real estate salesperson without obtaining a license from the Department of Real Estate, or to engage in the business of a mortgage loan originator without having obtained a license endorsement.This bill would make nonsubstantive changes to those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 10130 of the Business and Professions Code is amended to read:10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 2992Introduced by Assembly Member Stephanie NguyenFebruary 16, 2024 An act to amend Section 10130 of the Business and Professions Code, relating to real estate.LEGISLATIVE COUNSEL'S DIGESTAB 2992, as introduced, Stephanie Nguyen. Real estate licenses.Existing law, the Real Estate Law, makes it unlawful for a person to engage in the business of a real estate broker or a real estate salesperson without obtaining a license from the Department of Real Estate, or to engage in the business of a mortgage loan originator without having obtained a license endorsement.This bill would make nonsubstantive changes to those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 2992
Introduced by Assembly Member Stephanie NguyenFebruary 16, 2024
Introduced by Assembly Member Stephanie Nguyen
February 16, 2024
An act to amend Section 10130 of the Business and Professions Code, relating to real estate.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2992, as introduced, Stephanie Nguyen. Real estate licenses.
Existing law, the Real Estate Law, makes it unlawful for a person to engage in the business of a real estate broker or a real estate salesperson without obtaining a license from the Department of Real Estate, or to engage in the business of a mortgage loan originator without having obtained a license endorsement.This bill would make nonsubstantive changes to those provisions.
Existing law, the Real Estate Law, makes it unlawful for a person to engage in the business of a real estate broker or a real estate salesperson without obtaining a license from the Department of Real Estate, or to engage in the business of a mortgage loan originator without having obtained a license endorsement.
This bill would make nonsubstantive changes to those provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 10130 of the Business and Professions Code is amended to read:10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 10130 of the Business and Professions Code is amended to read:10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.
SECTION 1. Section 10130 of the Business and Professions Code is amended to read:
### SECTION 1.
10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.
10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.
10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.
10130. It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department, or to engage in the business of, act in the capacity of, advertise as, or assume to act as a mortgage loan originator within this state without having obtained a license endorsement.
The commissioner may prefer present a complaint for violation of this section before any court of competent jurisdiction, and the commissioner and his or her their counsel, deputies, or assistants may assist in presenting the law or facts at the trial.
It is the duty of the district attorney of each county in this state to prosecute all violations of this section in their respective counties in which the violations occur.