{"data":{"id":"us-nj/n.j.-stat.-2a-56-55","jurisdiction":"us-nj","citation":"N.J. Stat. § 2A:56-55","heading":"Appointed broker, sale of heirs property, open-market sale.","body":"11. a. Unless otherwise required to do so within a shorter time, a broker appointed under subsection b. of section 10 of this act to offer heirs property by 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 section 6 or 10 of this act.\nb.\tThe report required by subsection a. of this section shall contain the following information:\n(1)\tA description of the property to be sold to each buyer;\n(2)\tThe name of each buyer;\n(3)\tThe proposed purchase price;\n(4)\tThe terms and conditions of the proposed sale, including the terms of any owner financing;\n(5)\tThe amounts to be paid to lienholders;\n(6)\tA statement of contractual or other arrangements or conditions of the broker's commission; and\n(7)\tAny other material facts relevant to the sale.\nL.2025, c.88, s.11.","path":["TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"0e589d928ecc2cc945a5a484ac678ebcbddf1cb32c693a92263cd2dbf89a2768","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-2a-56-54","next":"us-nj/n.j.-stat.-2a-56-56"},"notice":"GroundRules: Original legal text. Not legal advice."}