AB 2018, as introduced, Bocanegra. Real estate licensees: fictitious business names.
Existing law provides for the licensure and regulation of real estate brokers and real estate salespersons by the California Bureau of Real Estate headed by the Real Estate Commissioner. Existing law requires an applicant who desires to have his or her license issued under a fictitious business name to file with his or her application a certified copy of his or her fictitious business name statement.
This bill would authorize the bureau to establish, by regulation, criteria for a business name that shall be approved, including examples in which the adequate identification of the licensee in a business name by licensee surname, identification of employing broker, if any, and display of license numbers is sufficient to avoid characterization as a fictitious name.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 10159.5 of the Business and Professions
2Code is amended to read:
begin insert(a)end insertbegin insert end insert Every person applying for a license under this
2chapter who desires to havebegin delete suchend deletebegin insert theend insert license issued under a
3fictitious business name shall file with hisbegin insert or herend insert application a
4certified copy of hisbegin insert
or herend insert
fictitious business name statement filed
5with the county clerk pursuant to Chapter 5 (commencing with
6Section 17900) of Part 3 of Division 7.
7(b) The bureau may, by regulation, establish criteria for a
8business name that shall be approved pursuant to this section,
9including examples in which the adequate identification of the
10licensee in a business name by licensee surname, identification of
11employing broker, if any, and display of license numbers is
12sufficient to avoid characterization as a fictitious name.
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