Appraisers, Real Estate Agents, and Auctioneers.
U.S. Bankruptcy Court for the Middle District of Pennsylvania
U.S. Bankruptcy Court for the Middle District of Pennsylvania
(a) Form of Application. All applications must conform to L.B.R. 2014-1. (b) Payment of Compensation. An appraiser, real estate agent, or auctioneer may receive compensation and reimbursement of expenses from the proceeds of any sale approved by the Court without filing a separate application for the approval of compensation and expenses under the following conditions: (1) the terms for the payment of compensation and reimbursement of expenses were disclosed in the application for employment; 34 (2) the order approving retention of the appraiser, real estate agent, or auctioneer approved the compensation arrangement proposed in the application for employment; and (3) the order approving the sale authorized the payment of compensation and expenses to the appraiser, real estate agent, or auctioneer.
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