California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 10.5 — Partition of Real and Personal Property, Chapter 10 — Partition of Real Property Act, Section 874.321
(a) A broker appointed to offer property for open-market sale shall file a report with the court not later than seven days after receiving an offer to purchase the property for at least the value determined under Section 874.316 or 874.320.
(b) The report required by subdivision (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 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.
(7) Other material facts relevant to the sale.
Notes
Requires a court-appointed broker to report within seven days after receiving an offer at least equal to the court-determined property value. The report must identify the property and buyers, proposed price and sale terms including owner financing, lienholder payments, broker commission arrangements, and other material facts relevant to the sale.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 874.321 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-10-5/chapter-10/section-874-321