Section 17468 Of Article 4. Sale Or Lease Of Real Property From California Education Code >> Division 1. >> Title 1. >> Part 10.5. >> Chapter 4. >> Article 4.
17468
. If, in the discretion of the board, it is advisable to offer
to pay a commission to a licensed real estate broker who is
instrumental in obtaining any proposal, the commission shall be
specified in the resolution. No commission shall be paid unless there
is contained in or with the sealed proposal or stated in or with the
oral bid, which is finally accepted, the name of the licensed real
estate broker to whom it is to be paid, and the amount or rate
thereof. Any commission shall, however, be paid only out of money
received by the board from the sale or rental of the real property.