Michigan § 600.3411 - Report of open-market sale.
Full text of Michigan Michigan Compiled Laws § 600.3411 — Report of open-market sale., with citation guidance and answers to common questions.
§ 600.3411. Report of open-market sale.
(1) Unless required to do so within a shorter time under chapter 33, a real estate broker appointed under section 3410(2) to offer heirs 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 not less than the value determined under section 3406 or 3410.
(2) The report required by subsection (1) must contain all of the following information:
(a) A description of the property to be sold to each buyer.
(b) The name of each buyer.
(c) The proposed purchase price.
(d) The terms and conditions of the proposed sale, including the terms of any owner financing.
(e) The amounts to be paid to lienholders.
(f) A statement of contractual or other arrangements or conditions of the broker's commission.
(g) Other material facts relevant to the sale.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 600.3411
What does Michigan Compiled Laws § 600.3411 cover?
Section 600.3411 ("Report of open-market sale.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 600.3411?
A common citation format is "Michigan Compiled Laws § 600.3411" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 600.3411 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.