California Probate Code

§ 10165

PROB § 10165Div. 7 · Part 5 · Ch. 18 · Art. 3

Statute text

(a)Subject to Section 10162.6, where the court confirms a sale on an increased bid, made at the time of the hearing on the petition for confirmation, to a purchaser procured by a bona fide agent or broker, the court shall allow the compensation determined under Section 10161 on the full amount for which the sale is confirmed, as provided in this section, if either of the following conditions is satisfied:

(1)The original bid returned to the court for confirmation was made by a purchaser who was procured by another agent or broker.

(2)The original bid returned to the court for confirmation was made by a purchaser who was not represented by an agent or broker, and another agent or broker holds a contract under Section 10150 granting the exclusive right to sell the property.

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Legislative history

Enacted by Stats. 1990, Ch. 79.