California § 50706 - Except as provided in subdivision (b), the commissioner has primary regulatory ju
Full text of California Public Contract Code - PCC § 50706 — Except as provided in subdivision (b), the commissioner has primary regulatory ju, with citation guidance and answers to common questions.
§ 50706. Except as provided in subdivision (b), the commissioner has primary regulatory ju
(a) Except as provided in subdivision (b), the commissioner has primary regulatory jurisdiction over all transactions in which a licensed residential mortgage lender provides brokerage services, whether the brokerage services are provided under the authority of this chapter or under the Real Estate Law. (b) If the commissioner has reason to believe that a residential mortgage lender or one of its employees has violated the Real Estate Law while providing brokerage services under a real estate brokerâs license, the commissioner shall refer the matter to the Real Estate Commissioner, who may conduct an investigation to determine if a violation of the Real Estate Law has occurred. If the Real Estate Commissioner believes a violation has occurred, the Real Estate Commissioner may commence an enforcement action under the Real Estate Law.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50706
What does Public Contract Code - PCC § 50706 cover?
Section 50706 ("Except as provided in subdivision (b), the commissioner has primary regulatory ju") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 50706?
A common citation format is "Public Contract Code - PCC § 50706" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 50706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.