Current through 2023-2024 Legislative Session Chapter 709
Section 44-6-188 - Obligation of brokers to court; reporting requirements(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.Added by 2012 Ga. Laws 585,§ 2, eff. 1/1/2013.