S.C. Code Ann. § 15-61-410: Report of broker appointed to offer heirs' property for open-market sale.
Where this section sits in the code
- Title 15 - CIVIL REMEDIES AND PROCEDURES
- CHAPTER 61 Partition
- ARTICLE 3 Clementa C. Pinckney Uniform Partition of Heirs' Property Act
(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.
Collected 2026-09-02T06:42:44Z. Source file · JSON