(a) A broker appointed under subsection (b) of Code Section 44-6-187 to offer heirs property for open-market sale shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the value determined under Code Section 44-6-184 or 44-6-187.
(b) The report required by subsection (a) of this Code section shall contain the following information:
(1) A description of the property to be sold to each buyer;
(2) The name of each buyer;
(3) The proposed purchase price;
(4) The terms and conditions of the proposed sale, including the terms of any owner financing;
(5) The amounts to be paid to lienholders;
(6) A statement of contractual or other arrangements or conditions of the broker's commission; and
(7) Other material facts relevant to the sale.
Section: Previous 44-6-180 44-6-181 44-6-182 44-6-183 44-6-184 44-6-185 44-6-186 44-6-187 44-6-188 44-6-189 44-6-189.1 NextLast modified: October 14, 2016