Section 735.1 Of Article 2. Yacht And Ship Brokers From California Harbors And Navigation Code >> Division 3. >> Chapter 5. >> Article 2.
735.1
. A licensed broker shall retain, for four years, copies of
all listings, deposit receipts, canceled checks, trust records, and
other documents executed or obtained by the broker in connection with
a transaction for which a broker's license is required. These
records shall be made available to the department for inspection upon
request. If the records have not been made available within 30 days
of a request by the department, the department may subpoena the
requested records. If the records have not been made available within
14 days from the requested day of production on the subpoena, and
the director determines that the public may be at risk if the broker
continues to be licensed, the department may suspend the broker's
license pursuant to Section 734.