Contract for Employment of Agents and Brokers.
U.S. Bankruptcy Court for the Southern District of California
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(a) All applications for employment of an agent or broker for the sale or lease of estate property must be accompanied by a copy of the signed written contract employing the agent or broker. All contracts for employment must provide that they are effective only upon Court approval and must be for a term not to exceed 6 months. A contract for employment must not contain an arbitration provision or other provisions inconsistent with employment as a bankruptcy professional. (b) To the extent the aggregate compensation and expenses of the agent or broker exceed $1,500, a trustee or debtor-in-possession must give the notice required by LBR 2002-2(a)(6).
Otherwise, the compensation and expenses may be paid without further notice, subject to final review pursuant to 11 U.S.C. § 330. [The next Rule is 2015] RULE 2015.