Question

The commission to be paid to a broker in a probate sale is set by the:

Selections

• A. Executor

• B. Administrator

• C. Court

• D. Estate manager

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Answer: C

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5 Keys Summary

1. The commission in a probate sale is determined by the Court.

2. A probate sale is a transaction transferring property from a deceased person’s estate, often executed pursuant to a court order.

3. The probate court oversees the process and appoints an administrator or manages the executor’s distribution of assets.

4. An administrator manages the estate, but the court retains the final authority to approve sales and associated costs, including broker commission.

5. Sales requiring court confirmation involve the judge or court approving the transaction terms and the agent’s compensation.

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