Current with changes from the 2024 Legislative Session
(a) A broker appointed under § 14-711(b) of this subtitle to offer property for open-market sale shall file a report with the court not later than 7 days after receiving an offer to purchase the property for at least the value determined under § 14-707 or § 14-711 of this subtitle.(b) A report required under subsection (a) of this 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 2022 Md. Laws, Ch. 402, Sec. 1, eff. 10/1/2022.Added by 2022 Md. Laws, Ch. 401, Sec. 1, eff. 10/1/2022.