BILL NUMBER: AB 432	CHAPTERED  06/28/99

	CHAPTER   41
	FILED WITH SECRETARY OF STATE   JUNE 28, 1999
	APPROVED BY GOVERNOR   JUNE 28, 1999
	PASSED THE SENATE   JUNE 16, 1999
	PASSED THE ASSEMBLY   APRIL 15, 1999

INTRODUCED BY   Assembly Member Leach

                        FEBRUARY 12, 1999

   An act to amend Section 10236.4 of the Business and Professions
Code, relating to real estate brokers.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 432, Leach.  Real estate brokers:  advertisements.
   Existing law requires licensed real estate brokers, in connection
with any advertisement soliciting borrowers or potential investors,
to disclose in those advertisements, among other things, the license
information telephone number established by the Department of Real
Estate.
   This bill would repeal that particular disclosure requirement in
connection with advertisements soliciting borrowers or potential
investors.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 10236.4 of the Business and Professions Code is
amended to read:
   10236.4.  (a) In compliance with Section 10235.5, every licensed
real estate broker shall also display his or her license number on
all advertisements where there is a solicitation for borrowers or
potential investors.
   (b) The disclosures required by Sections 10232.4 and 10240 shall
include the licensee's license number and the department's license
information telephone number.
   (c) This section shall become operative July 1, 1998.