Legal Question in Real Estate Law in California

Am I violating the Department of Real Estate in California rules by offering buyers and sellers of businesses consultation services? My services will not consist of showing businesses.


Asked on 4/17/12, 1:21 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

If you are neither licensed as a real estate broker or agent nor an attorney, there is a strong possibility of violating the DRE rules (i.e., the real estate licensing laws). Showing the business is not necessary to be in violation. Among other prohibited acts would be participating in the negotiation of price and terms. An unlicensed person may act as a "finder" subject to some limitations, but must not become involved in the transaction itself.

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Answered on 4/17/12, 1:38 pm


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