The time frame for notifying the commission after the last party's demand is typically set at:

The time frame for notifying the commission after the last party's demand is set at 15 days. This is a stipulated period that is established to ensure timely communication and resolution of matters related to real estate transactions. The 15-day window allows both parties sufficient time to prepare and submit necessary documentation or responses, facilitating the efficient handling of disputes or demands.

Having a defined notification period serves to uphold the principles of professionalism and accountability within the real estate industry. It helps prevent delays that could complicate situations or lead to misunderstandings among the parties involved. This timeframe is designed to balance the need for prompt action with a reasonable allowance for the parties to gather their information and respond appropriately.