Section 17472 Of Article 4. Sale Or Lease Of Real Property From California Education Code >> Division 1. >> Title 1. >> Part 10.5. >> Chapter 4. >> Article 4.
17472
. At the time and place fixed in the resolution for the
meeting of the governing body, all sealed proposals which have been
received shall, in public session, be opened, examined, and declared
by the board. Of the proposals submitted which conform to all terms
and conditions specified in the resolution of intention to sell or to
lease and which are made by responsible bidders, the proposal which
is the highest, after deducting therefrom the commission, if any, to
be paid a licensed real estate broker in connection therewith, shall
be finally accepted, unless a higher oral bid is accepted or the
board rejects all bids.