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California · Through 2026-09-13

CORP § 31020

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Where this section sits in the code
  1. Corporations Code - CORP
  2. TITLE 4. SECURITIES [25000. - 31528.]
  3. DIVISION 5. FRANCHISE INVESTMENT LAW [31000. - 31528.]
  4. PART 1. DEFINITIONS [31000. - 31020.]

(a) “Franchise broker” means a person who directly or indirectly engages in the business of the offer or sale of a franchise, regardless of the title used by the person or any organization with which they are affiliated, and receives or is promised a fee, commission, or other form of consideration from a franchisor, subfranchisor, franchisee, or affiliate of a franchisor, subfranchisor, or franchisee. Common titles franchise brokers use include, but are not limited to, franchise seller, broker network, broker organization, franchise sales organization, consultant, and coach.

(b) A “franchise broker” does not include any of the following:

(1) A franchisor or its officers, directors, or employees.

(2) A subfranchisor or its officers, directors, or employees.

(3) An area representative or its officers, directors, or employees.

(4) An employee of an affiliate of a franchisor or subfranchisor.

(5) A franchisee of the franchise offering being presented to a prospective franchisee, unless the franchisee operates a franchised broker business.

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

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