Survey would have shown that.But back to the instant situation... title insurer collects from title E&O if lack of authority falls on shoddy title procedures.

In other words, records must be maintained "in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure."

They do their calculation following a set and cosistant procedure.

These are both extremely useful sites as the state site can forward you to numerous places like the dbpr (department of business and professional regulations) where you can do professional license searches, (for example, a great place for locating a seller that has a professional license, i.e. a massage therapist or a hair stylist, or a real estate agent, they all would be listed here)  You can also find the link to your Secretary of State, also a great place to skip trace if your seller/buyer is an investor or biz owner.  

I am trying to understand the procedural requirements and would like to discuss with someone with prior experience.

That is pretty typical standard operating procedure throughout the country.  

Be aware that there are other California code regulations that also must be followed.Most states would consider the sale of fractionalized interests a securities offering, not have a specific procedure for it other than the general securities offering procedures. 34 states have adopted exemptions for private placements similar to the SEC general exemption for private placements.

I'd add that you want to be very clear with roles and responsibilities and have clear procedures in place.- Formalized call lists for vendors for issues- Standardized service levels for owner clients- Generic email templates- Standardize interactions for comping guestsetcAs I was telling one of my team yesterday, we want to have as little to keep track of as possible.  

On the smaller banks...like a hometown bank...I'd just call and ask for asset manager or loan department and start from there...90% of the time 1st person who answered would point me to the right person.....who would then talk to me....and either tell me how to make offer, or tell me their procedure and who would be getting the listing....then your buyer's agent makes an offer to/thru that agent.What is your idea for contacting them? 

Train every person in the company on their procedures and how to use the system.