[§668A-12]  Report of open-market sale.  (a)  Unless required to do so within a shorter time by chapter 668, a broker appointed under section 668A-11(b) to offer heirs property for open-market sale shall file a report not later than seven days after receiving an offer to purchase the property for at least the value determined under section 668A-7 or 668A-11.

     (b)  The report required by subsection (a) 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, without limitation, 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. [L 2016, c 260, pt of §1]