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California · Through 2026-09-13

BPC § 10470

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Where this section sits in the code
  1. Business and Professions Code - BPC
  2. DIVISION 4. REAL ESTATE [10000. - 11506.]
  3. PART 1. LICENSING OF PERSONS [10000. - 10580.]
  4. CHAPTER 6.5. Real Estate Recovery Program [10470. - 10481.]

If, on June 30 of any year, the balance remaining in the Consumer Recovery Account in the Real Estate Fund is less than two hundred thousand dollars ($200,000), every licensed broker, when obtaining or renewing any broker license within four years thereafter, shall pay, in addition to the license fee, a fee of seven dollars ($7); every licensed salesperson, when obtaining or renewing such license within four years thereafter, shall pay, in addition to the license fee, a fee of four dollars ($4); and every person holding a prepaid rental listing service license, when obtaining or renewing that license within two years thereafter, shall pay, in addition to the application fee, a fee of one dollar ($1). The fees from the broker, salesperson, and prepaid rental listing service licensees shall be paid into the State Treasury and credited to the Consumer Recovery Account.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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