Alabama § 35-6A-11 Report Required for Open Market Sale

Alabama Statutes

§ 35-6A-11 — Report Required for Open Market Sale

Alabama § 35-6A-11

Title 35Property

Ch. 6AAlabama Uniform Partition of Heirs Property Act

This text of Alabama § 35-6A-11 (Report Required for Open Market Sale) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 35-6A-11 (2026).

Text

(a)In an open market sale of heirs property, a broker or seller shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the determination of value or the amount ordered by the court.

(b)The report required by subsection (a) shall contain all of 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 lien holders.

(6)A statement of contractual or other arrangements or conditions of the broker’s commission.

(7)Other material facts relevant to the sale.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) In an open market sale of heirs property, a broker or seller shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the determination of value or the amount ordered by the court.
(b) The report required by subsection (a) shall contain all of 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 lien holders.
(6) A statement of contractual or other arrangements or conditions of the broker’s commission.
(7) Other material facts relevant to the sale.