Section 11011.5.

(a) When no state or other public entity seeks to obtain title to specific surplus state-owned real property, a state agency authorized to sell that property, except property acquired for state highway purposes, may, with the approval of the Department of General Services, employ a licensed real estate broker for a negotiated commission not to exceed reasonable and customary brokerage commissions applicable to similar privately owned properties in the area in connection with that sale and pay the amount of commission earned by the broker. The commission shall be paid only out of the proceeds of the sale before the proceeds are remitted to the State Treasury. The Director of General Services shall only employ the services of a broker when the director determines that the employment of a broker to sell the property would result in a cost savings to the state. Any state properties sold through the services of a broker shall be reported, along with a comparison of the estimated cost savings obtained through the use of a broker, in the annual surplus property report to the Legislature required pursuant to Section 11011.

(b) This section shall be inoperative for the period commencing with the effective date of the act that added this subdivision, until July 1, 2005.

(Amended by Stats. 2004, Ch. 227, Sec. 30. Effective August 16, 2004. Note: Amendment (by adding subd. (b)) made this section inoperative from Aug. 16, 2004, until July 1, 2005.)