California Probate Code

§ 10162.5

PROB § 10162.5Div. 7 · Part 5 · Ch. 18 · Art. 3

Statute text

Subject to Section 10162.6, where an agent or broker holds a contract under Section 10150 granting the exclusive right to sell the property, the court shall allow to the agent or broker holding the contract the compensation determined under Section 10161 on:

(a)The full amount for which the sale is confirmed in either of the following circumstances:

(1)The bid returned to the court for confirmation is made by a purchaser who is not represented by an agent or broker and the court confirms the sale to that purchaser on that bid.

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Legislative history

Enacted by Stats. 1990, Ch. 79.