South Carolina § 15-61-410 Report of broker appointed to offer heirs' property for open-market sale.

South Carolina Statutes

§ 15-61-410 — Report of broker appointed to offer heirs' property for open-market sale.

South Carolina § 15-61-410

Title 15CIVIL REMEDIES AND PROCEDURES

Ch. 61PARTITION

This text of South Carolina § 15-61-410 (Report of broker appointed to offer heirs' property for open-market sale.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 15-61-410 (2026).

Text

(A)Unless required otherwise to do so within a shorter time, a broker appointed under Section 15-61-400, to offer heirs' property for open-market sale shall file a report with the court not later than ten days after receiving an offer to purchase the property for at least the value determined pursuant to Section 15-61-360 or 15-61-400.

(B)The report required by subsection (A) must 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 fa

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(A) Unless required otherwise to do so within a shorter time, a broker appointed under Section 15-61-400, to offer heirs' property for open-market sale shall file a report with the court not later than ten days after receiving an offer to purchase the property for at least the value determined pursuant to Section 15-61-360 or 15-61-400. (B) The report required by subsection (A) must 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.

Legislative History

HISTORY: 2016 Act No. 153 (H.3325), SECTION 1, eff January 1, 2017. Editor's Note 2016 Act No. 153, SECTION 6, provides as follows: "SECTION 6. This act takes effect on January 1, 2017, and applies to partition actions filed on or after that date."