§ 2725.5. Broker Responsibility Regarding Debarred Persons.

Business and Professions Code Section 10087 authorizes the Commissioner to debar licensed or unlicensed persons from any position of employment with, or management or control of, a real estate business. Such debarred persons are further prohibited by Section 10087 from participating in any business activity of a real estate salesperson or a real estate broker and from engaging in any real estate-related business activity on the premises where a real estate salesperson or real estate broker is conducting business.

A broker is responsible for screening his or her employees, both licensed and unlicensed, and regular business associates engaging in any real estate-related business activity on the broker's premises, for compliance with Section 10087. Such broker responsibility includes, but is not limited to, quarterly review of the Department's online listing of debarred persons and of the listing of disciplinary actions published in the Department's quarterly bulletin. A broker who becomes aware of violations of Section 10087 is responsible for reporting such violations to the Department.

HISTORY

1. New section filed 9-26-2011; operative 10-26-2011 (Register 2011, No. 39).

Note

Note: Authority cited: Section 10080, Business and Professions Code. Reference: Section 10087, Business and Professions Code.