Md. Code, Real. Prop. § 14-712

Current with changes from the 2024 Legislative Session
Section 14-712 - Report
(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.

Md. Code, RP § 14-712

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.