TITLE 44 PROPERTY

Section 6. Estates, 44-6-1 through 44-6-206.

ARTICLE 7 TENANCY IN COMMON

44-6-188. Obligation of brokers to court; reporting requirements.

1. 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.
2. 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.

(Code 1981, §44-6-188, enacted by Ga. L. 2012, p. 97, § 2/HB 744.)