HRS §668A-12
Broker must report offers to buy heirs property
When a court-appointed broker gets an offer to buy heirs property at or above the appraised value, the broker must file a report within seven days. The report must list the buyer, price, terms, and other key details. This rule applies unless a shorter time is required by another law.
courts
The statute, as written — 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.
Sections this one refers to
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