{"code":"BPC","codeName":"Business and Professions Code","section":"10470","citation":"Bus. & Prof. Code, § 10470","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4. REAL ESTATE [10000. - 11506.]","url":"https://blackletter.si/business-and-professions-code/division-4"},{"name":"PART 1. LICENSING OF PERSONS [10000. - 10580.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-1"},{"name":"CHAPTER 6.5. Real Estate Recovery Program [10470. - 10481.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-1/chapter-6.5"}],"history":"Amended by Stats. 2013, Ch. 436, Sec. 6.   (SB 269)   Effective January 1, 2014.","effective":"2014-01-01","html":"<p>If, on June 30 of any year, the balance remaining in the Consumer Recovery Account in the Real Estate Fund is less than two hundred thousand dollars ($200,000), every licensed broker, when obtaining or renewing any broker license within four years thereafter, shall pay, in addition to the license fee, a fee of seven dollars ($7); every licensed salesperson, when obtaining or renewing such license within four years thereafter, shall pay, in addition to the license fee, a fee of four dollars ($4); and every person holding a prepaid rental listing service license, when obtaining or renewing that license within two years thereafter, shall pay, in addition to the application fee, a fee of one dollar ($1). The fees from the broker, salesperson, and prepaid rental listing service licensees shall be paid into the State Treasury and credited to the Consumer Recovery Account.</p>","text":"If, on June 30 of any year, the balance remaining in the Consumer Recovery Account in the Real Estate Fund is less than two hundred thousand dollars ($200,000), every licensed broker, when obtaining or renewing any broker license within four years thereafter, shall pay, in addition to the license fee, a fee of seven dollars ($7); every licensed salesperson, when obtaining or renewing such license within four years thereafter, shall pay, in addition to the license fee, a fee of four dollars ($4); and every person holding a prepaid rental listing service license, when obtaining or renewing that license within two years thereafter, shall pay, in addition to the application fee, a fee of one dollar ($1). The fees from the broker, salesperson, and prepaid rental listing service licensees shall be paid into the State Treasury and credited to the Consumer Recovery Account.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/real-estate-recovery-program-10470","source":"California Legislative Information bulk export (pubinfo)"}