Investing in California real estate often requires assistance from real estate professionals, who have specialized education and experience in particular aspects of the real estate business. The term “professional” often means that a person has obtained a license or certification from a state agency charged with monitoring and enforcing ethical obligations. Certain professions require a license from the state, followed by continuing education and adherence to a code of conduct, like California real estate agents and brokers.
The term “professional,” however, sometimes simply refers to an individual who works in real estate, but who is not bound by a specific code of professional ethics. In either case, real estate professionals owe certain duties to clients and investors, and are liable for damages if they breach those duties.