Monthly Archives: July 2015

C.A.R. Commends Gov. Brown for Signing SB 146 into Law

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For Release:
July 23, 2015

C.A.R. Commends Gov. Brown for Signing SB 146 into Law
C.A.R.-sponsored legislation assures that the law regarding "team names" is applied consistently at all levels of government

LOS ANGELES (July 23, 2015) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is commending Governor Brown for signing into law SB 146, a C.A.R.-sponsored bill that makes an important technical change to the real estate law by making it clear that the law regarding "team names" is applied consistently at all levels of government. Governor Brown signed the bill into law on Thursday, July 16, 2015, and due to the urgency statute, the bill went into effect immediately.

"C.A.R. applauds Gov. Brown for signing SB 146 into law," said C.A.R. President Chris Kutzkey. "A lack of clear regulation created confusion throughout the real estate industry. This measure clarifies that ‘team names’ not requiring a Fictitious Business Name for purposes of the real estate law do not require the filing of an Fictitious Business Name with their local county. It also clears up any ambiguity ensuring that the law regarding ‘team names’ is applied consistently at all levels of government."

In its Spring 2013 Real Estate Bulletin, the California Bureau of Real Estate (CalBRE) announced a stricter standard for what constituted a FBN. A lack of clear regulation created confusion throughout the real estate industry on what was and was not a FBN.

In 2014, C.A.R. sponsored AB 2018 to resolve this ambiguity by statutorily defining how a salesperson, with their broker’s permission, can use a FBN. While AB 2018 made compliance easier and created more industry transparency, there was still confusion regarding the county registration requirements for “team names.” Even though it is clear that “team names” are not required to be registered with CalBRE, real estate licensees are being advised to continue to register these “team names” with their county.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

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