California Business and Professions Code 10137.1 – Nothing contained in this division shall preclude a partnership from …
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Nothing contained in this division shall preclude a partnership from performing acts for which a real estate broker license is required, provided every partner through whom the partnership so acts is a licensed real estate broker.
(Added by Stats. 1968, Ch. 75.)
Terms Used In California Business and Professions Code 10137.1
- license: means license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Section 1000 or 3600. See California Business and Professions Code 23.7
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.