{"id":7339,"date":"2023-10-04T07:54:03","date_gmt":"2023-10-04T05:54:03","guid":{"rendered":"https:\/\/albermoya.com\/?p=7339"},"modified":"2023-10-04T07:54:03","modified_gmt":"2023-10-04T05:54:03","slug":"licensing-regulation","status":"publish","type":"post","link":"https:\/\/albermoya.com\/en\/licensing-regulation\/","title":{"rendered":"Licensing Regulation: Licensed Activities and Exemptions"},"content":{"rendered":"<p>Licensing regulation plays a critical role in ensuring the integrity and legality of real estate and mortgage lending activities. This article focuses on activities that require licensing and the corresponding exemptions.<\/p>\n<h2>Who must be licensed<\/h2>\n<p>Any person who engages in the business of a real estate broker or salesperson within the state or acts or advertises as such. Any person who acts or advertises as a <em>mortgage loan originator<\/em> within the state you must have a license. Licensing Activities (Business and Professions Code 10130, 10131-2)<\/p>\n<p>A person must have a real estate license to do any of the following activities for another person, in exchange for compensation, and in connection with real property or business opportunity:<\/p>\n<ul>\n<li>Buy or sell.<\/li>\n<li>Request sellers or buyers.<\/li>\n<li>Request listings.<\/li>\n<li>Negotiate sales or exchanges.<\/li>\n<li>Lease or rent.<\/li>\n<li>Collect rents.<\/li>\n<li>Solicit borrowers or lenders.<\/li>\n<li>Perform services for borrowers or lenders.<\/li>\n<li>Buy, sell or exchange sales contracts or notes while performing services for holders. Comparable activities involving advance fees, specific types of securities, and mineral, oil and gas properties also require a license. Unlicensed assistants can perform delegated tasks, such as:<\/li>\n<li>Place signs.<\/li>\n<li>Handle correspondence.<\/li>\n<li>Prepare disclosures.<\/li>\n<li>Help at open days. License Exemptions (Business and Professions Code 10131.01, 10133, 1033.1-1033.5)<\/li>\n<\/ul>\n<p>The following parts are <strong>exempt<\/strong> of real estate license:<\/p>\n<ul>\n<li>Hotel, motel, car and trailer park managers.<\/li>\n<li>Resident managers of apartment buildings or their employees.<\/li>\n<li>Any person who manages reserves or money for temporary occupations on behalf of another person.<\/li>\n<li>Employees of a residential property management company supervised by a broker of the property management company or a real estate salesperson licensed by the broker who perform the following activities: \u2022 Show rental units and common areas to prospective tenants. \u2022 Provide or accept pre-printed rental applications. \u2022 Answer questions from potential tenants about the application. \u2022 Accept deposits or fees for credit checks or administrative costs. \u2022 Accept security deposits and rents. \u2022 Provide information on rental rates and lease provisions as set forth in a schedule provided by an employer. \u2022 Accept signed leases and rental agreements from prospective tenants.<\/li>\n<li>Corporate officers or general partners who conduct licensed activities in connection with property owned by the company without special compensation.<\/li>\n<li>Persons acting under a power of attorney from the property owner.<\/li>\n<li>Lawyers who provide legal services to a client.<\/li>\n<li><em>Trustees<\/em> acting under the authority of a deed of trust.<\/li>\n<li>People employed by certain types of financial institutions.<\/li>\n<li>Licensed lenders.<\/li>\n<li>Cemetery authorities.<\/li>\n<li>Licensed securities brokers.<\/li>\n<li>Employees of certain HUD-approved organizations.<\/li>\n<li>People who provide office help.<\/li>\n<li>Certain transactions involving FCC regulated properties, MOG (Mineral, Oil, Gas) properties and film locations.<\/li>\n<li>Outdoor advertising representatives in transactions related to the placement of signs. Compensation (Business and Professions Code 10136-38; ref 156-7; CCR 2726; CC 1624(d))<\/li>\n<\/ul>\n<p>In order to claim compensation for carrying out an activity that requires a license, a person must have been properly licensed at the time of the activity and be able to prove it. No person may employ or compensate an unlicensed person for performing any activity requiring a license, with the <strong>exception<\/strong> that a licensed broker can pay a commission to a broker licensed in another state. The broker under which a seller is licensed is the only person who can employ or compensate that seller. A licensed seller cannot compensate another licensee except through the broker under which that licensee is licensed. Violation of compensation rules is subject to license suspension or revocation; It is also a misdemeanor punishable by a fine.<\/p>","protected":false},"excerpt":{"rendered":"<p>La regulaci\u00f3n de licencias desempe\u00f1a un papel fundamental para garantizar la integridad y la legalidad de las actividades relacionadas con bienes ra\u00edces y pr\u00e9stamos hipotecarios. Este art\u00edculo se centra en las actividades que requieren licencia y las exenciones correspondientes. Qui\u00e9n debe tener licencia Cualquier persona que participe en el negocio de un broker o vendedor [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[95],"tags":[230],"class_list":["post-7339","post","type-post","status-publish","format-standard","hentry","category-general","tag-licencias"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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