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

   (a) 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.

(b) 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.