§ 14-712
137 words·~1 min read·
/md/real-property/14-712A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14–712.
(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.