Plain Text Law

§ 14–712

Statutes in effect as of October 1, 2026.

Md. Code Ann., Real Prop. § 14-712 (2026)
Title 14. Miscellaneous Rules
Subtitle 7. Partition of Real Property

§ 14–712Copy Citation

(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.