South Carolina Code 15-61-410. Report of broker appointed to offer heirs’ property for open-market sale
Current as of: 2023 | Check for updates
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(A) Unless required otherwise to do so within a shorter time, a broker appointed under § 15-61-400, to offer heirs’ property for open-market sale shall file a report with the court not later than ten days after receiving an offer to purchase the property for at least the value determined pursuant to § 15-61-360 or 15-61-400.
(B) The report required by subsection (A) must contain the following information:
Terms Used In South Carolina Code 15-61-410
- property: as used in this Title , includes both real and personal property. See South Carolina Code 15-1-50
(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.