Section 10162.7 Of Article 3. Compensation Of Agent, Broker, Or Auctioneer From California Probate Code >> Division 7. >> Part 5. >> Chapter 18. >> Article 3.
10162.7
. (a) Subject to Section 10162.6, this section applies if
all of the following circumstances exist:
(1) There is an agent or broker holding a contract under Section
10150 granting the exclusive right to sell the property.
(2) The bid returned to court for confirmation is made by a
purchaser procured by another agent or broker.
(3) The court confirms the sale to that purchaser either on the
bid returned to court for confirmation or on an increased bid made at
the time of the hearing on the petition for confirmation.
(b) If all the circumstances described in subdivision (a) exist,
the court shall allow the compensation determined under Section 10161
on the full amount for which the sale is confirmed. The compensation
allowed by the court shall be divided between the agent or broker
holding the contract and the other agent or broker as is provided in
any agreement between the agent or broker holding the contract and
the other agent or broker. If there is no agreement, the compensation
on the amount of the original bid returned to the court shall be
divided equally between the agent or broker holding the contract and
the other agent or broker and, if the sale is confirmed on an
increased bid, the other agent or broker shall be paid all of the
compensation on the difference between the original bid and the
amount for which the sale is confirmed.