Sale or Lease of Property Without a Public Report – Business & Professions Code 11018.2
California Business and Professions Code 11018.2 criminalizes a real estate licensee to sell or lease property without providing a public report. Specifically, the law requires that a public report, also known as a “disclosure document,” must be provided for any sale or lease of property that is subject to the Subdivided Lands Act. The public report must contain specific information about the property, including a description of the property, the terms of the sale or lease, and any restrictions on the use of the property.
Violations of this law can result in penalties imposed by the state licensing board, such as fines, suspension or revocation of the real estate license, and even criminal charges.
If a real estate licensee is charged with a violation of BP 11018.2, it is important to understand the potential consequences and the importance of hiring a criminal defense attorney who has experience defending clients in professional license defense and criminal law. The attorney will be able to review the specific facts of the case, and advise the licensee on the best course of action, whether it be negotiating a settlement or fighting the charges in court.
If you have been charged or are under investigation for BP 11018.2, then contact the Law Offices of John D. Rogers today. Call us to schedule a free consultation with an experienced Orange County criminal defense attorney.