E. Business & Professions Code
Portion of codified California law covering real estate professionals
O. Real Estate Law
Law that affects the licensing and conduct of real estate brokers and
salespeople
N. Real Estate Commissioner
Head of the Department of Real Estate
L. payment of child support
If not paid by an obligor, his or her license will be suspended
P. Recovery Account
Account to pay otherwise uncollectible court judgments against
licensees
who have committed fraud or misrepresentation in a
real estate transaction
M. real estate broker
Person with a real estate license who can employ someone who holds
a
salesperson or a broker license
B. agent
Role of a broker to his or her client
D. branch office
Any business location other than the main office
G. DBA
Acronym for a fictitious business name
R. restricted license
Type of probationary license issued when a license has been
suspended,
revoked, or denied after a hearing
H. eLicensing
Interactive online system used for license renewal and change transactions
K. Order to Desist and Refrain
Court-ordered demand that prohibits a business or individual from
carrying on a particular activity
A. Administrative Law Judge
Person who makes recommendations to the Commissioner concerning
discipline, after a formal hearing
F. commingling
Mixing of the principal’s funds with the broker’s own
S. secret profits
Money obtained by buying property from a client and reselling it
quickly
to someone else, rather than allowing the client to reap
the benefits of
the greater sale
J. moral turpitude
Conduct considered contrary to community standards of justice,
honesty,
or good morals
I. false advertising
Promoting sales with inaccurate information
C. blockbusting
Term for inducing panic sales
Q. referral fees
Money paid illegally in exchange for generation of business
T. solicitation materials
Business cards, stationery, advertising fliers, and other materials
designed
to solicit a professional relationship between the
licensee and a consumer