Amended by Stats. 2024, Ch. 518, Sec. 2. (SB 919) Effective January 1, 2025.
It is unlawful for any person to effect or attempt to effect a sale of a franchise in this state, except in transactions exempted under Chapter 1 (commencing with Section 31100) of Part 2 of this division, unless that person is any of the following:
(a)Identified in Item 2 of a franchise disclosure document submitted with an application or amended application filed with the commissioner pursuant to Part 2 (commencing with Section
31100) of this division.
(b)Licensed by the Department of Real Estate as a real estate broker or real estate salesperson.
(c)Licensed by the commissioner as a broker-dealer or agent pursuant to the Corporate Securities Law of 1968.
(d)Registered as a franchise broker pursuant to Part 7 (commencing with Section 31520).
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