Recent changes to the California Business and Professions Code 19525 affect how horses can be sold in the state of California and has serious implications for horse professionals. This law specifically addresses how things such as bills of sale, commissions, financial records and dual agency must be handled.
This change affects everyone buying or selling a horse or horses, whether as a private individual or as a business. Modification of California Business and Professions Code § 19525 now requires the following:
- All horse sale transactions must be accompanied by a written bill of sale signed by both the buyer and seller or their agents.
- If an agent is acting on behalf of both the buyer and seller this “dual agency” must be disclosed in writing.
- Any commission paid to an agent in an amount over $500 must be disclosed in the written bill of sale.
If a lawsuit is brought, a person injured by a violation of the statute will be able to recover treble damages from the other party. This is significant because a lawsuit that may not be worth bringing because of cost, suddenly has a much higher potential damages award.
About the author
As an animal lover since childhood, Flossie was delighted when Mark, the CEO and developer of EquiMed asked her to join his team of contributors.
She enrolled in My Horse University at Michigan State and completed a number of courses in everything related to horse health, nutrition, diseases and conditions, medications, hoof and dental care, barn safety, and first aid.
Staying up-to-date on the latest developments in horse care and equine health is now a habit, and she enjoys sharing a wealth of information with horse owners everywhere..