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PEOPLE, SAVAGE v. L.A. TRUST DEED ETC. EXCHANGE

Docket No. 24998.

190 Cal.App.2d 66 (1961)

12 Cal. Rptr. 144

THE PEOPLE ex rel. W.A. SAVAGE, as Real Estate Commissioner, Respondent, v. LOS ANGELES TRUST DEED AND MORTGAGE EXCHANGE et al., Appellants.

Court of Appeals of California, Second District, Division One.

March 14, 1961.

Attorney(s) appearing for the Case

Morgan Cuthbertson for Appellants.

Stanley Mosk, Attorney General, Lee B. Stanton and Lynn Henry Johnson, Deputy Attorneys General, for Respondent.

LILLIE, J.

Defendants have appealed from an order granting a preliminary injunction which, broadly stated, prohibits each of them from acting as a real estate broker and/or a real estate salesman, particularly with respect to the buying and selling of trust deeds and mortgages, until licensed by plaintiff, as Real Estate Commissioner of California.1

In addition to other pertinent statutory authority, the commissioner has proceeded...

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