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