O.C.G.A.

O.C.G.A. § 44-6-188 (2019)

Obligation of brokers to court; reporting requirements.

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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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.)