The Bureau of Real Estate (BRE) may now revoke or suspend the license of a BRE licensee who tampers with documents the BRE requires to be maintained.
BRE may revoke or suspend the license of any licensee who tampers with documents
Business and Professions Code §10148
Amended by S.B. 676
Effective: January 1, 2014
If any real estate salesperson, broker, corporate officer or their employees knowingly destroys, alters, conceals, mutilates or falsifies any documents the BRE requires to be maintained, or requests during an audit, the BRE may revoke or suspend their license.
Documents which are required to be maintained or may be requested by the BRE during an audit include:
- listings;
- deposit receipts;
- cancelled checks;
- trust records; and
- any other document relating to licensed activities.
