Real Estate Broker Not Liable To Third Parties Under B&P Statute.

Business and Professions Code §10159.2 makes a licensed individual real estate broker who is the designated officer of a corporate broker “responsible for the supervision and control” of the corporate broker’s employees.  Lender alleged misrepresentations by a real estate salesman.  The trial court sustained defendant’s demurrer, and the Court of Appeal affirmed, stating:  “The designated officer’s duty to supervise codified in section 10159.3 is owed to the corporation, not to third parties.”  Sandler v. Sanchez (Cal. App. Second Dist., Div. 7; June 18, 2012) 206 Cal.App.4th 1431.