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is there a California Real Estate law stating that a real estate agent has to charge a maximum or a minimum fee for the sale of property, be private or an estate>
No. There is no statutory or administrative laws that mandate a maximum or minimum fee.
Does California state that an agent has to charge a higher percentage if the property is only a lot with no structure on it ( house or building)?
No. There is no such statutory or administrative rules.
Finally, once a property is in escrow, no other offers (higher) can or will be accepted??? Thank you
Generally speaking, no. This is because there is a binding contract in place by the time the property is in escrow, meaning that both parties have legally committed to the transaction. The property is off the market at this point, pending sale. By accepting a bid from another buyer, the seller would then be liable for breach of contract.
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