Real estate: real estate brokers.

Existing law, the Real Estate Law, governs the licensure and regulation of real estate brokers and salespersons. Existing law provides various descriptions for real estate brokers, including a person who engages as a principal in the business of making loans or buying from, selling to, or exchanging with the public, real property sales contracts or promissory notes secured directly or collaterally by liens on real property, or who makes agreements with the public for the collection of payments or for the performance of services in connection with real property sales contracts or promissory notes secured directly or collaterally by liens on real property. Existing law defines terms for this purpose. This bill would make nonsubstantive changes to those provisions.