Section 42-5A-11 - Report of open-market saleA. Unless required to do so within a shorter time by Chapter 42, Article 5 NMSA 1978, a broker appointed under Subsection B of Section 10 [42-5A-10 NMSA 1978] of the Uniform Partition of Heirs Property Act 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 Section 6 [42-5A-6 NMSA 1978] or 10 of the Uniform Partition of Heirs Property Act.B. The report required by Subsection A of this 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.