Except as provided in Section 10239.2, “sell,” “sale,” or “sold” means a transaction for the transfer of real property from a seller to a buyer, and includes (a) an exchange of real property between a seller and a buyer, (b) a real property sales contract within the meaning of § 2985 of the Civil Code, and (c) a leasehold exceeding one year’s duration.

(Added by Stats. 2018, Ch. 285, Sec. 18. (AB 2884) Effective January 1, 2019.)

Terms Used In California Business and Professions Code 10018.10

  • Contract: A legal written agreement that becomes binding when signed.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.