# Cal. CORP § 25102.5: Section 25102.5

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25102.5

## Section

- **Citation:** Cal. CORP § 25102.5
- **Heading:** Section 25102.5
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code corp / Title 4 / Division 1 / Part 2 / Chapter 1 / Section 25102.5

## Text

There shall be exempted from Section 25110 a transaction that is the sale of a series of notes secured directly by an interest in the same real property, or the sale of undivided interests in a note secured directly by real property equivalent to a series transaction, that complies with all of the provisions of Article 6 (commencing with Section 10237) of Chapter 3 of Part 1 of Division 4 of the Business and Professions Code. For purposes of this section, a real estate broker licensed by the Real Estate Commissioner of this state who engages in the offer and sale of notes secured directly by real property of various makers, which are a series of notes or notes in which undivided interests are offered and sold, shall be deemed to be the issuer of these notes and undivided interests if the notes of the various makers are offered and sold pursuant to a plan or arrangement that is common to the various makers with respect to documentation and loan standards and that include provisions for servicing these notes on behalf of purchasers.

## Nearby sections

- [Cal. CORP § 25100 Section 25100](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25100.md)
- [Cal. CORP § 25100.1 Section 25100.1](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25100.1.md)
- [Cal. CORP § 25101 Section 25101](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25101.md)
- [Cal. CORP § 25101.1 Section 25101.1](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25101.1.md)
- [Cal. CORP § 25102 Section 25102](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25102.md)
- [Cal. CORP § 25102.1 Section 25102.1](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25102.1.md)
- [Cal. CORP § 25102.2 Section 25102.2](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25102.2.md)
- [Cal. CORP § 25102.5 Section 25102.5](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25102.5.md)
- [Cal. CORP § 25103 Section 25103](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25103.md)
- [Cal. CORP § 25104 Section 25104](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25104.md)
- [Cal. CORP § 25105 Section 25105](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25105.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccorp_T4_D1_P2_C1_S25102.5. Check the current official text before relying on it. Not legal advice.