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La. R.S. 33:4712.12

Sale of property owned by parish or municipality; commission or fee of real estate broker

Acts 2008, No. 257, §1, eff

A. Notwithstanding any other provision of law to the contrary, a parish or municipality may pay a real estate broker's fee or commission to a real estate broker upon the offer and acceptance to purchase and sell property owned by the parish or municipality which the broker has assisted the parish or municipality in selling.

B. The fee or commission shall be paid from the proceeds of the sale of the property, and the fee or commission shall not exceed ten percent of the final sales price.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.