Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 6. ESTATES · Article 7. TENANCY IN COMMON · Part 2. PARTITION

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

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(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. (1)
  A description of the property to be sold to each buyer;#
2. (2)
  The name of each buyer;#
3. (3)
  The proposed purchase price;#
4. (4)
  The terms and conditions of the proposed sale, including the terms of any owner financing;#
5. (5)
  The amounts to be paid to lienholders;#
6. (6)
  A statement of contractual or other arrangements or conditions of the broker’s commission; and#
7. (7)
  Other material facts relevant to the sale.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

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

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch1-7-(v31)-pdf.pdf, Volume V31, 2010 edition, 2025 supplement, page 143; merge action: added; file SHA-256 a165b4d6b81d.