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County of Los Angeles
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New Consumer Laws 2009

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SALESPEOPLE – HIGHER FINES FOR UNLICENSED PERSONS

SB 1448, Business & Professions Section 10139

This law increases the maximum fine from $10,000 to $20,000 for an unlicensed person, and from $50,000 to $60,000 for a corporation, for acting or advertising as a licensed real estate broker or a real estate salesperson.

This law requires that any fine collected in excess of $10,000 from an individual or $50,000 from a corporation be deposited into the Real Estate Trust Fund, if one exists, in the county where the conviction occurs.

May be reprinted for non-commercial use if a credit line is included acknowledging the County of Los Angeles Department of Consumer Affairs.

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For more information:
County of Los Angeles Department of Consumer Affairs
B-96 Kenneth Hahn Hall of Administration
500 W. Temple Street * Los Angeles, CA 90012-2706
Telephone (800) 593-8222 (within the County) * (213) 974-1452
Web site: dca.lacounty.gov