California housing & land-use law
10 CCR § 2940. Petition for Voluntary Surrender of License.
Title 10, California Code of Regulations (real estate), as enacted — this section's verbatim text. The library holds selected sections of this code, not the whole code.
- Edition
- 2026-09-23 official publisher snapshot
- Effective
- 1998-01-29
- Last updated
- 2026-09-26
- Jurisdiction
- California
§ 2940¶
Petition for Voluntary Surrender of License.
(a) A licensee may petition the commissioner under Section 10100.2 of the Code to accept the voluntary surrender of his or her real estate license or license rights. The petition shall be in writing and shall contain the following:
(1) A reference to the investigation or accusation giving rise to the petition.
(2) An identification of the real estate licenses or license rights held by the petitioner.
(3) An acknowledgment that the petitioner has read and agrees to the following as a condition of the commissioner's acceptance of the petition:
The filing of a petition shall be deemed to be an understanding and agreement by the licensee that upon acceptance by the commissioner all affidavits obtained in the investigation prior to the acceptance and all allegations contained in an accusation filed pursuant to Section 11503 of the Government Code may be considered by the Bureau to be true and correct for the purpose of deciding whether or not to grant reinstatement of the license.
(b) Acceptance of a petition to surrender a license shall be pursuant to an Order issued by the commissioner. The commissioner may refuse to accept a surrender of a license if it is determined in the exercise of his or her discretion, that it would not be in the public interest to accept the surrender.
Official source: § 2940. Petition for Voluntary Surrender of License..
Source snapshot retrieved: 2026-09-23T18:14:31.291Z.
New article 18.8 (section 2940) and section filed 12-30-97; operative 1-29-98 (Register 98, No. 1).
Change without regulatory effect amending subsection (a)(3) filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).
Applicability basis for 10 CCR § 2940 (Petition for Voluntary Surrender of License.): 1 CCR § 100 provides that an agency may add to, revise or delete text published in the California Code of Regulations without complying with the rulemaking procedure specified in article 5 of the APA only if the change does not materially alter any requirement, right, responsibility, condition, prescription or other regulatory element of any California Code of Regulations provision.
Version dates (indexing metadata): Effective 1998-01-29.
Date derivation (indexing metadata): This is the current publisher text. The filing history states: "1. New article 18.8 (section 2940) and section filed 12-30-97; operative 1-29-98 (Register 98, No. 1)." The later entry is: "2. Change without regulatory effect amending subsection (a)(3) filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).". Under 1 CCR § 100, a change without regulatory effect cannot materially alter a regulatory element. The indexing start is therefore the last substantive operative date, 1998-01-29. The official history expressly gives this operative date. No earlier version is represented.