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Thursday, March 12, 2009

Beware Non-Licensees!

Just read through my CA Real Estate Magazine and read that penalties for non-licensees is $20k and/or 6 months in a county jail. A corporation is subject to a fine of $60k. I wish they would offer a reward cause I could probably make a living reporting all these people that are required to have a license but for some reason will not get licensed.
When dealing in real estate matters please make sure that the person you are dealing with is licensed. First of all it is not that hard to get licensed so you have to ask yourself why one would not get licensed. Second of all licensing is one way that they try to protect the general public. If you are interested in this law look up California Business & Professions Code Section 10139.

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