Yesterday's post concerned additional exemptions for real estate brokers under the California Corporate Securities Law. Today's post is the final in this series (for now).
Corporations Code ยง 25004 defines the term "broker-dealer". Subdivision (a)(6) excludes a broker licensed by the California Real Estate Commissioner when engaged in transactions in securities:
Again, an exemption from California's broker-dealer licensing requirement does not constitute an exemption from federal or other state broker or dealer licensing requirements.