Section 15-61-410 - Report of broker appointed to offer heirs' property for open-market sale(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.Added by 2016 S.C. Acts, Act No. 153 (HB 3325), s 1, eff. 1/1/2017. 2016 Act No. 153, Section 6, provides as follows:
"SECTION 6. This act takes effect on January 1, 2017, and applies to partition actions filed on or after that date."