Georgia § 44-6-188 Obligation of brokers to court; reporting requirements

Georgia Statutes

§ 44-6-188 — Obligation of brokers to court; reporting requirements

Georgia § 44-6-188

Title44

This text of Georgia § 44-6-188 (Obligation of brokers to court; reporting requirements) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 44-6-188 (2026).

Text

(a)A broker appointed under subsection (b) of Code Section 44-6-187 to offer heirs property for open-market sale shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the value determined under Code Section 44-6-184 or 44-6-187 .

(b)The report required by subsection (a) of this Code 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

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(a) A broker appointed under subsection (b) of Code Section 44-6-187 to offer heirs property for open-market sale shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the value determined under Code Section 44-6-184 or 44-6-187 . (b) The report required by subsection (a) of this Code 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.