HomeMy Public PortalAboutOrd. 0914ORDINANCE NO, 914
AN URGENCY ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF LYNWOOD ADDING SECTION 200 73 A
TO THE CITY CODE OF THE CITY OF LYNWOOD TO
ESTABLISH LICENSE FEES FOR PERSONS ENGAGED
IN THE REAL E5TATE PROFESSION
THE CITY CQUNCIL OF THE CITY OF LYNWOOD HEREBY DOES
ORDAIN AS FOLLOWS:
SECTION 1; Section 20. 73 A.is added to the City Code of the
City oF Lypwood to read as follows:
Section 20.'73 A. Realtors.
(a) For the purposes of this section a person shall be
considered to be engaged in the real estate profession if he,
for a compensation or in expectation of a compensation, does
or negotiates to do one or more of the following acts for
another or others:
(i) Sells or offers to sell, buys or offers to buy,
solicits prospective sellers or purchasers of,
solicits or obtains listings of, or negotiates the
purchase, sale or exchange of real property,
(ii) Leases or rents or offers to lease o: rent, or
negotiates sale, purchase or exchanges of leases
on real property, or collects rents from real
property, or improvements thereon. However,
the provisions ofthis subsection do not applyto
the manager of a hotel, motel, auto and trailer
parks, to the resident manager of an apartment
building, apartment complex, court, or to the
employees of such manager.
(iii) Assists or offers to assist in filing an application
for the purchase ox lease of, or in locating or
entering upon, lands owned by the State or Federal
Government.
(iv) Solicits borrowers or lenders for or negotiates
loans or collects payments or perform services
for borrowers or lenders or note owners in connection
with loans secured directly or collaterally by li~ns
on real property,
(v) Sells or offers to sell, buys or offers to buy, or
exchanges or offers to exchange a real property
sales contract, or a promissory note secured direc?1.
or collaterally by a lien on real property and perf~s•ri;.>
service~ for the holders thereofo
(vi) Claims, demands, changes, receives, collects, o.-
contracts.for the collection of an advance fee ir.
connection with any employment undertaken to prn -
mote the sale or lease of real property by advanet:
fee li.;ting, advertisement or other offering te~ se11,
~
ORDINANCE NO.
URGENCY ORDINANCE ADDING SECTION 20. 73 A TO THE CITY CODE
Page 2
lease, exchange or rent property, or to obtain a
loari or loans thereon.
(vii) Issues or sells, solicits prospective sellers or
purchasers of, solicits or obtains listings of, or
negotiate the purchaSe, sale, or exchange of a real
estate syndicate security as defined in the Real
Estate Syndicate Act. However, the provisions of
this subsection do not apply to a broker-dealer
or agents of a broker-dealer licensed by the Com-
missioner of Corporations under the provisions of
the Corporate Security Law of 1968.
(b) Ariy person engaged in the real estate profession
sha11 pay to the City of Lynwood an annual fee of $20, 00 for
himself, regardless of the location of his principal place of
business, and an additional $10.00 for each real estate person
employed by him to do one or more oF the acts set forth in
subsection (a) of this section.
SECTION 2: It is the intention of the City Council that the license
fees setforth in the aforesaid Section 20.73 A shall supersede any other
license fees contained in the City of Lynwood which would otherwise apply
to persons engaged in a real estate profession for the privilege of partici-
pating in that profession,
SECTION 3; If any section, subsection, sentence, clause,
phrase or portion of"this or.dinance isfor any reason held invalid or uncon-
stitutuional by any court of competent jurisdiction, such portion shall be
deemed a separate, distinct and independent provision and such holding
shall not affect the validity of the remaining portions thereof.
SECTION 4: This ordinance is an urgency ordinance and sha11
take effect immediately rx~on its passage. The facts constituting this urgency
are hereby found to be the following:
The number of realtors and real estate salesmen operating in
the City of Lynwood from ofPices within and without the City
has increased dramatically in the last few months and has led
to substantial confusion among the members of the real estate
community as to the licen5e fees applicable to them in light of
the various activities in which they engage. Furthermore,
concern has been expressed that realtors whose principal place
of business is located outside of the City of Lynwood should not
be treated more favorably than those whose principal place of
business i, located within the City of Lynwood, This rapid growth
and these concerns have led to a substantial amount of instability
within the real estate profession in the City of Lynwood. The
public health safety and general welfare of the citizeps of
Lynwood require that the real estate profession be practiced
in an orderly manner subjectto clearly understood licensing
provisions and subject alsa tothe other provisions ofthis code
gaverning real estate transactions.
, -
Section 5. The City Clerk is hereby directed and
ordered to certify to the passage of this ordinance and to
cause the same to be published once in the Lynwood Press, a
newspaper of general circulation, printed, published, and
circulated in the City of Lynwood.
First read, finally adopted and ordered published
at a regular meeting of the City Council of the City of
Lynwood held on the lst day of August, 1g72, by the following
vote:
Ayes: Councilmen Byork, Liewer, Morris, Rowe
Noes: Councilmen None
Absent: Councilmen Stevens
~'
~
~~ ,
Mayor of t ity of LYnwood
ATTEST:
i
~h~ c:,~;~C ~u ;,"~, f~~~Cz~
City Clerk, City of Lynwood
3'PATE OF' CALIP'ORNIA )
. ss.
COUPITY OF LOS ANGELES }
I, th~ undersigned, City Clerk of the City of
Lynwc;od, and ex-officio clerk of the Council of said
city, do her~~y certify that the above is a true and
cor,^ect copy of Ordinance Nc. 914 adopted by the City
Council of th2 City of Lynwood, and that same was passed
o^ the 1a-:e and by the vote therein stated.
DaT,ed this 9th day of August , 1972 .
~~C,eei.-C./'~6ZL~ZL[:- ;:!~ .~ 't~~_.
'CITY LERK, CITY OF L~NWOOD