SECTIONS 10515-10519.1 - California Statutes

BUSINESS AND PROFESSIONS CODE

SECTION 10515-10519.1

10515. (a) Mineral, oil, and gas brokers in performing acts within
the scope and under the authority of this chapter are subject to the
provisions applicable to real estate brokers contained in Sections
10153.6, 10156.2, 10157, 10159, 10159.2, 10159.5, 10161.5, 10161.75,
10162, 10163, and 10165.
(b) Mineral, oil, and gas brokers shall not be subject to any of
the provisions of Article 2 (commencing with Section 10150) or
Article 2.5 (commencing with Section 10170) of Chapter 3 which impose
continuing education requirements as a prerequisite to the renewal
of a license.

10519. (a) The commissioner may issue a restricted mineral, oil,
and gas broker license to a person whose mineral, oil, and gas broker
license has been revoked as the result of disciplinary action taken
by the commissioner.
(b) A restricted mineral, oil, and gas broker license issued by
the commissioner may be restricted by term and by the conditions to
be observed by the licensee in the performance of acts for which a
mineral, oil and gas broker license is required including the posting
of a surety bond by the restricted licensee in such form and
condition as the commissioner may require.

10519.1. There is no property right and no right to the renewal of
a restricted license issued pursuant to Section 10519.
The commissioner may suspend a restricted license pending the
holding of a hearing on charges alleging a basis for disciplinary
action against the restricted licensee.