2726. Broker-Salesman Relationship Agreements.
Every real estate broker shall have a written agreement with each of his salesmen, whether licensed as a salesman or as
a broker under a broker-salesman arrangement. The agreement shall be dated and signed by the parties and shall cover
material aspects of the relationship between the parties, including supervision of licensed activities, duties and
compensation.
2728. Brokers and Salespersons Performing Licensed Activities Through a Partnership
While California law does not permit the issuance of real estate broker licenses to partnerships, real estate brokers may,
pursuant to section 10137.1 of the Business and Professions Code, form partnerships that can perform acts requiring a
real estate broker license provided that every partner through whom the partnership performs such acts is a licensed real
estate broker.
Where a real estate broker is a member of such a partnership operating as a real estate brokerage business, a salesperson
who is licensed to that broker and properly supervised and working under a broker-salesman agreement, may perform
acts for which a real estate license is required for and on behalf of the partnership.
A real estate broker who is a member of such a partnership may conduct business from a branch office of the partnership
without applying for or acquiring a branch office license in his or her own name, provided another real estate broker
member of the partnership has a current branch office license for and at the location in question.