Conn. Gen. Stat. § 52-503p

Report of open-market sale

Connecticut · General Statutes of Connecticut Chapter 919 — Partition or Sale of Real or Personal Property · Status: effective

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Citation: Conn. Gen. Stat. § 52-503p, Report of open-market sale, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2211124
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(a) A real estate broker appointed under subsection (b) of section 52-503o to offer heirs' property for open-market sale shall file a report with the court not later than seven days after the date of receiving an offer to purchase the property for at least the value determined under section 52-503k or 52-503o. (b) The report required by 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.