Maryland § 14-712
Full text of Maryland Maryland Code § 14-712, with citation guidance and answers to common questions.
§ 14-712.
(a) A broker appointed under § 14–711(b) of this subtitle to offer property for open–market sale shall file a report with the court not later than 7 days after receiving an offer to purchase the property for at least the value determined under § 14–707 or § 14–711 of this subtitle.
(b) A report required under 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.
Frequently Asked Questions About Maryland § 14-712
What does Maryland Code § 14-712 cover?
Section 14-712 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 14-712?
A common citation format is "Maryland Code § 14-712" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 14-712 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.