Section 987.785 Of Article 3.1. Veterans’ Farm And Home Purchase Act Of 1974 From California Military And Veterans Code >> Division 4. >> Chapter 6. >> Article 3.1.
987.785
. Except as set forth in regulations adopted by the
department pursuant to Section 987.93 with respect to a cooperative
dwelling unit, whenever the department cancels a contract and takes
possession of a property pursuant to Section 987.77 and elects to
sell the property covered by a forfeited contract, the department
may, at its option, establish a procedure for listing the property
for sale, together with similarly located properties, with a licensed
real estate broker. The department may, in this connection, prepare
schedules of properties available for sale by geographic areas and
may offer a schedule from time to time to any licensed real estate
broker within the geographic area covered by the schedule for a fee
which shall be sufficient to cover the costs to the department in
compiling the schedules and making them available. If the department
enters into a real estate listing agreement, exclusive or otherwise,
with a licensed real estate broker, the department shall cooperate
with the broker in all customary respects and make the property
available at reasonable times for inspections by prospective
purchasers.