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