O.C.G.A. § 44-6-188 (2019)
Obligation of brokers to court; reporting requirements.
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 . The report required by subsection (a) of this Code section shall contain the following information: A description of the property to be sold to each buyer; The name of each buyer; The proposed purchase price; The terms and conditions of the proposed sale, including the terms of any owner financing; The amounts to be paid to lienholders; A statement of contractual or other arrangements or conditions of the broker's commission; and Other material facts relevant to the sale.
History
(Code 1981, § 44-6-188 , enacted by Ga. L. 2012, p. 97, § 2/HB 744.)