2740. Broker Officers.
No acts for which a real estate license is required may be performed for, or in the name of, a corporation when there is
no officer of the corporation licensed under Section 10158 or 10211.

2742. Certificate of Status, Qualification or Good Standing.
(a) An applicant for an original broker license for a domestic corporation shall submit with the application, a Certificate
of Status (Domestic Corporation) executed by the California Secretary of State not earlier than 30 days before the date
of mailing or delivering the application to the headquarters office of the Bureau.
However, if the applicant is a domestic corporation which filed its original Articles of Incorporation not earlier than six
(6) months before the date of mailing or delivering the application to the headquarters office of the Bureau, Articles of
Incorporation executed by the California Secretary of State may be submitted instead of a Certificate of Status.



(b) An applicant for an original broker license for a foreign corporation shall submit with the application, a Certificate
of Qualification or a Certificate of Good Standing (Foreign Corporation) executed by the California Secretary of State
not earlier than 30 days before the date of mailing or delivering the application to the headquarters office of the Bureau.

(c) A corporation licensed under Section 10211 of the Code shall not engage in the business of a real estate broker while
not in good legal standing with the Office of the Secretary of State.

2743. Assignment of Supervisory Responsibility.
(a) A resolution assigning supervisory responsibility over sales9persons licensed to a corporate broker is in compliance
with Section 10159.2 of the Code if the assignment is made by reference to a specified business address or addresses of
the corporate broker rather than by the listing of the names of salespersons subject to the supervision of the broker
officer.
(b) In filing the resolution with the Bureau, the following information shall be furnished on a form prescribed by the
Bureau:
(1) Name, business address and license number of the corporate broker.
(2) Name of the individual broker licensee who was responsible for supervision of the salespersons in question
immediately preceding the effective date of the resolution.

2746. Corporate Real Estate Brokers, Officers, Directors and Shareholders.
(a) At the time of application for, or in the reinstatement of, an original real estate broker license, the designated officer
shall file a background statement of information for each director, the chief executive officer, the president, first level
vice presidents, secretary, chief financial officer, subordinate officers with responsibility for forming policy of the
corporation and all natural persons owning or controlling more than ten percent of its shares, if such person has been
the subject of any of the following:
(1) Received an order or judgment issued by a court or governmental agency during the preceding 10 years
temporarily or permanently restraining or enjoining any business conduct, practice or employment;
(2) Has had a license to engage in or practice real estate or other regulated profession, occupation or vocation denied,
suspended or revoked during the preceding 10 years;
(3) Engaged in acts requiring a real estate license of any state without the benefit of a valid license or permit
authorizing that conduct during the preceding 10 years which have been enjoined by a court of law or administrative
tribunal;

(4) Been convicted of a crime which is substantially related to the qualifications, functions or duties of a licensee
of the Bureau as specified in Section 2910 of these Regulations (excluding drunk driving, reckless driving and
speeding violations).
(b) The background statement shall be set forth in CalBRE Form RE 212 and shall inquire only about the information
to be disclosed pursuant to subdivision (a). The background statement must be verified and completed by each corporate
officer, director or stockholder as named in subdivision (a) to the fullest extent of the signatory's actual knowledge.

(c) Whenever there is a change in the persons whose background statements are required to be on file with the Bureau
for a corporate licensee pursuant to subdivision (a) or an addition to the persons required to file statements pursuant to
subdivision (a), the designated officer of the corporation shall, within 30 days thereafter, file with the Bureau a
background statement of information for each new or changed person.
Article 7. Salespersons