§ 81367 Broker Commissions For Proposals

• •The board can decide to pay a commission to a real estate broker if they help get a good offer for the property.
• •The commission amount must be written down in the final accepted offer, along with the broker's name.
• •The commission can only be paid using the money earned from selling or renting the property.

A school board wants to sell an old school building. A real estate broker helps find a buyer who offers $1 million for the building.

The board can pay the broker a commission, but they must write down how much the commission is and the broker's name in the final offer. The commission can only be paid using the $1 million from the sale.