D.C. Code § 16-2939

Current through codified legislation effective July 19, 2024
Section 16-2939 - Report of open-market sale
(a) A broker appointed pursuant to § 16-2938(b) to offer real property for open-market sale shall file a report with the court no later than 7 days after receiving an offer to purchase the real property for at least the value determined pursuant to § 16-2934 or § 16-2938.
(b) The report required by subsection (a) of this section shall contain the following information:
(1) A description of the real property to be sold to the buyer;
(2) The name of the buyer;
(3) The proposed purchase price;
(4) The terms and conditions of the proposed sale, including the terms of any owner financing;
(5) The amount to be paid to lienholders;
(6) A statement of contractual or other arrangements or conditions of the real estate broker's commission; and
(7) Other material facts relevant to the sale.

D.C. Code § 16-2939

Added by D.C. Law 24-239,§ 2, 69 DCR 014590, eff. 2/23/2023.