Report of open-market sale

(a) A broker appointed pursuant to § 16-2938(b) to offer real property for open-market sale shall file a report with the court no later than 7 days after receiving an offer to purchase the real property for at least the value determined pursuant to § 16-2934 or § 16-2938. (b) The report required by subsection (a) of this section shall contain the following information: (1) A description of the real property to be sold to the buyer; (2) The name of the buyer; (3) The proposed purchase price; (4) The terms and conditions of the proposed sale, including the terms of any owner financing; (5) The amount to be paid to lienholders; (6) A statement of contractual or other arrangements or conditions of the real estate broker's commission; and (7) Other material facts relevant to the sale.