Connecticut § 52-503p Report of open-market sale.

Connecticut Statutes

§ 52-503p — Report of open-market sale.

Connecticut·Title 52 Civil Actions·Ch. 919 Partition or Sale of Real or Personal Property

(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 releva

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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.

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