Md. Code, Real Prop. § 14-712
Md. Code, Real Prop. § 14-712
Maryland · Maryland Code, Real Property · Status: effective
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- Citation
- Md. Code, Real Prop. § 14-712, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1786822
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Full text
(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.