Section 10162.6 Of Article 3. Compensation Of Agent, Broker, Or Auctioneer From California Probate Code >> Division 7. >> Part 5. >> Chapter 18. >> Article 3.
10162.6
. (a) This section applies if both of the following
circumstances exist:
(1) An agent or broker holds a contract under Section 10150
granting the exclusive right to sell the property.
(2) The contract provides that no compensation is payable to the
agent or broker holding the contract if sale is confirmed to a
particular purchaser named in the contract.
(b) If the court confirms the sale to the purchaser named in the
contract, whether on an original bid returned to the court or on an
increased bid made at the time of the hearing on the petition for
confirmation, the compensation of any agents or brokers involved in
the sale is determined as provided in this article, except that no
compensation is payable to the agent or broker holding the contract.
(c) If the court confirms the sale to a purchaser other than the
person named in the contract, whether on an original bid returned to
the court or on an increased bid made at the time of the hearing on
the petition for confirmation, the compensation of the agent or
broker holding the contract, and of any other agents or brokers
involved in the sale, is determined under this article as if the
limitation in the contract did not exist.