No real estate licensee shall advertise to give or to offer to give to a prospective purchaser or lender any premium, gift or any other object of value as an inducement for making a loan, or purchasing a promissory note secured directly or collaterally by a lien on real property or a real property sales contract.
Cal. Bus. & Prof. Code § 10236.1
Transactions in Trust Deeds and Real Property Sales Contracts
Known as the Real Estate Law
The act spans §§ 10000–10580 (368 sections).
Amended by Stats. 1998, Ch. 126, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.