We are frequently asked the following question and are posting the answer for clarification.
Can a real estate licensee receive a commission when purchasing
estate real property as a principal?
California Probate Code specifically provides that the estate is not liable for any commission where the listing broker or agent is directly or indirectly the purchaser of the estate property.
In addition, the estate is not liable for commission when the selling broker or agent has "any interest in the purchaser" (i.e., financial interest in the purchaser) or is the purchaser (Cal. Prob. Code Section 10160.5).
The Sanborn Team are Trust & Probate Real Estate Experts, that ensure that you, as a fiduciary, conservator, administrator, executor or conservator, make sure that you are protected and that the transaction is smooth and worry free.
For more information about our Trust and Probate Real Estate services, please visit us at www.SanbornTeam.com or feel free to contact us any time with no obligation.
The Sanborn Team are Trust & Probate Real Estate Experts, that ensure that you, as a fiduciary, conservator, administrator, executor or conservator, make sure that you are protected and that the transaction is smooth and worry free.
For more information about our Trust and Probate Real Estate services, please visit us at www.SanbornTeam.com or feel free to contact us any time with no obligation.
