Bill Text: CA AB2018 | 2013-2014 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Real estate licensees: fictitious business names.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2014-09-30 - Chaptered by Secretary of State - Chapter 892, Statutes of 2014. [AB2018 Detail]

Download: California-2013-AB2018-Introduced.html

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BILL NUMBER: AB 2018	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Bocanegra

                        FEBRUARY 20, 2014

   An act to amend Section 10159.5 of the Business and Professions
Code, relating to real estate licensees.


	LEGISLATIVE COUNSEL'S DIGEST


   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 1.  Section 10159.5 of the Business and Professions Code is
amended to read:
   10159.5.   (a)    Every person applying for a
license under this chapter who desires to have  such
  the  license issued under a fictitious business
name shall file with his  or her  application a certified
copy of his  or her  fictitious business name statement
filed with the county clerk pursuant to Chapter 5 (commencing with
Section 17900) of Part 3 of Division 7. 
   (b) The bureau may, by regulation, establish criteria for a
business name that shall be approved pursuant to this section,
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.